Huntsman Corporation (HUN) Position Lowered by Jaffetilchin Investment Partners LLC
Jaffetilchin Investment Partners LLC reduced its position in shares of Huntsman Corporation (NYSE:HUN) by 15.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,381 shares of the basic materials company’s stock after selling 4,800 shares during the period. Jaffetilchin Investment Partners LLC’s holdings in Huntsman Corporation were worth $656,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Duncker Streett & Co. Inc. increased its position in shares of Huntsman Corporation by 3.4% in the first quarter. Duncker Streett & Co. Inc. now owns 12,000 shares of the basic materials company’s stock worth $294,000 after buying an additional 400 shares in the last quarter. First Quadrant L P CA raised its stake in shares of Huntsman Corporation by 0.8% in the first quarter. First Quadrant L P CA now owns 1,161,328 shares of the basic materials company’s stock worth $28,499,000 after buying an additional 9,557 shares during the last quarter. Glen Harbor Capital Management LLC raised its stake in shares of Huntsman Corporation by 2.4% in the first quarter. Glen Harbor Capital Management LLC now owns 266,784 shares of the basic materials company’s stock worth $6,547,000 after buying an additional 6,160 shares during the last quarter. Northpointe Capital LLC purchased a new stake in shares of Huntsman Corporation during the first quarter worth approximately $3,570,000. Finally, Sit Investment Associates Inc. raised its stake in shares of Huntsman Corporation by 312.9% in the first quarter. Sit Investment Associates Inc. now owns 19,200 shares of the basic materials company’s stock worth $471,000 after buying an additional 14,550 shares during the last quarter. 72.29% of the stock is currently owned by institutional investors.
Shares of Huntsman Corporation (NYSE HUN) opened at 25.50 on Wednesday. The company has a market capitalization of $6.12 billion, a price-to-earnings ratio of 14.46 and a beta of 2.81. Huntsman Corporation has a one year low of $14.16 and a one year high of $28.30. The firm’s 50-day moving average price is $26.30 and its 200-day moving average price is $24.28.
Huntsman Corporation (NYSE:HUN) last announced its earnings results on Thursday, July 27th. The basic materials company reported $0.85 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.18. Huntsman Corporation had a net margin of 4.33% and a return on equity of 30.04%. The business had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.64 billion. During the same quarter last year, the firm earned $0.53 earnings per share. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. Analysts anticipate that Huntsman Corporation will post $2.22 earnings per share for the current year.
A number of analysts recently commented on HUN shares. BidaskClub lowered Huntsman Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, June 13th. Nomura reaffirmed a “buy” rating and issued a $30.00 target price on shares of Huntsman Corporation in a research report on Thursday, April 27th. Zacks Investment Research raised Huntsman Corporation from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research report on Tuesday, April 18th. Jefferies Group LLC decreased their target price on Huntsman Corporation from $29.00 to $27.00 and set a “buy” rating for the company in a research report on Monday, May 22nd. Finally, Instinet reaffirmed a “buy” rating and issued a $30.00 target price on shares of Huntsman Corporation in a research report on Sunday, July 9th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Huntsman Corporation has an average rating of “Buy” and a consensus price target of $29.00.
In other news, CFO Sean Douglas purchased 2,500 shares of Huntsman Corporation stock in a transaction that occurred on Wednesday, May 31st. The stock was bought at an average price of $23.74 per share, with a total value of $59,350.00. Following the completion of the transaction, the chief financial officer now directly owns 66,996 shares of the company’s stock, valued at $1,590,485.04. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Randy W. Wright sold 56,675 shares of the firm’s stock in a transaction that occurred on Friday, June 30th. The shares were sold at an average price of $25.76, for a total transaction of $1,459,948.00. Following the sale, the vice president now directly owns 66,023 shares of the company’s stock, valued at approximately $1,700,752.48. The disclosure for this sale can be found here. 19.00% of the stock is currently owned by company insiders.
About Huntsman Corporation
Huntsman Corporation is a manufacturer of differentiated organic chemical products and of inorganic chemical products. The Company operates all of its businesses through its subsidiary, Huntsman International LLC (Huntsman International). The Company operates through five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments and Additives.
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