Swiss National Bank boosted its stake in shares of Huntsman Co. (NYSE:HUN) by 2.0% in the 4th quarter, Holdings Channel reports. The firm owned 347,474 shares of the basic materials company’s stock after buying an additional 6,700 shares during the quarter. Swiss National Bank’s holdings in Huntsman were worth $11,567,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors also recently added to or reduced their stakes in HUN. Assetmark Inc. raised its stake in Huntsman by 1,658.4% during the 3rd quarter. Assetmark Inc. now owns 3,974 shares of the basic materials company’s stock valued at $109,000 after purchasing an additional 3,748 shares during the last quarter. Cerebellum GP LLC acquired a new position in shares of Huntsman in the 4th quarter valued at $128,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Huntsman in the 4th quarter valued at $133,000. The Manufacturers Life Insurance Company raised its stake in shares of Huntsman by 9.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,281 shares of the basic materials company’s stock valued at $188,000 after buying an additional 610 shares in the last quarter. Finally, Cypress Capital Management LLC WY acquired a new position in shares of Huntsman in the 4th quarter valued at $211,000. Hedge funds and other institutional investors own 79.46% of the company’s stock.
Shares of Huntsman Co. (HUN) opened at $33.11 on Wednesday. The company has a quick ratio of 1.52, a current ratio of 1.87 and a debt-to-equity ratio of 1.10. Huntsman Co. has a fifty-two week low of $21.44 and a fifty-two week high of $36.09. The firm has a market cap of $7,869.87, a PE ratio of 15.54, a PEG ratio of 1.48 and a beta of 2.76.
In other news, major shareholder Corp Huntsman sold 1,948,955 shares of the company’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $21.66, for a total value of $42,214,365.30. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Anthony P. Hankins sold 100,000 shares of the company’s stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $33.24, for a total transaction of $3,324,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,154,548 shares of company stock worth $527,750,108. 19.00% of the stock is owned by insiders.
A number of equities analysts have recently issued reports on the stock. KeyCorp increased their price objective on shares of Huntsman from $37.00 to $42.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. Tudor Pickering assumed coverage on shares of Huntsman in a research note on Friday, January 19th. They issued a “buy” rating for the company. ValuEngine cut shares of Huntsman from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 15th. UBS Group increased their price objective on shares of Huntsman from $32.00 to $35.00 and gave the company a “buy” rating in a research note on Monday, October 30th. Finally, Goldman Sachs Group restated a “hold” rating and issued a $36.00 price objective on shares of Huntsman in a research note on Monday, December 4th. Two research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $34.67.
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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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