American Century Companies Inc. trimmed its stake in shares of Huntsman Co. (NYSE:HUN) by 46.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 823,378 shares of the basic materials company’s stock after selling 722,352 shares during the period. American Century Companies Inc. owned approximately 0.34% of Huntsman worth $27,410,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Iridian Asset Management LLC CT purchased a new position in shares of Huntsman during the fourth quarter valued at approximately $205,327,000. Principal Financial Group Inc. increased its holdings in Huntsman by 20.4% during the third quarter. Principal Financial Group Inc. now owns 5,792,566 shares of the basic materials company’s stock valued at $158,832,000 after buying an additional 983,408 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Huntsman by 1.4% during the third quarter. JPMorgan Chase & Co. now owns 5,466,615 shares of the basic materials company’s stock valued at $149,566,000 after buying an additional 75,590 shares during the last quarter. OxFORD Asset Management LLP purchased a new stake in Huntsman during the third quarter valued at approximately $78,686,000. Finally, State Street Corp increased its holdings in Huntsman by 3.0% during the second quarter. State Street Corp now owns 2,842,796 shares of the basic materials company’s stock valued at $73,459,000 after buying an additional 82,951 shares during the last quarter. 77.87% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have commented on HUN. KeyCorp upped their target price on shares of Huntsman from $37.00 to $42.00 and gave the company an “overweight” rating in a report on Tuesday. ValuEngine raised shares of Huntsman from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. Jefferies Group upped their target price on shares of Huntsman to $43.00 and gave the company a “buy” rating in a report on Friday, January 26th. Tudor Pickering began coverage on shares of Huntsman in a report on Friday, January 19th. They set a “buy” rating for the company. Finally, JPMorgan Chase & Co. began coverage on shares of Huntsman in a report on Wednesday, December 13th. They set an “overweight” rating and a $36.00 target price for the company. Two equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Huntsman currently has an average rating of “Buy” and an average price target of $34.67.
In other Huntsman news, VP J Kimo Esplin sold 240,793 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $30.99, for a total value of $7,462,175.07. Following the completion of the transaction, the vice president now directly owns 528,889 shares in the company, valued at $16,390,270.11. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Corp Huntsman sold 1,948,955 shares of the company’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $21.66, for a total transaction of $42,214,365.30. The disclosure for this sale can be found here. Over the last quarter, insiders sold 24,154,548 shares of company stock valued at $527,750,108. Company insiders own 19.00% of the company’s stock.
Huntsman Co. (NYSE HUN) opened at $32.01 on Wednesday. The firm has a market cap of $7,680.00, a P/E ratio of 18.61, a price-to-earnings-growth ratio of 1.41 and a beta of 2.76. Huntsman Co. has a 12-month low of $20.65 and a 12-month high of $36.09. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.87 and a quick ratio of 1.52.
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Huntsman Company Profile
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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