Paragon Capital Management Ltd cut its stake in shares of Huntsman Co. (NYSE:HUN) by 12.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,117 shares of the basic materials company’s stock after selling 1,736 shares during the period. Paragon Capital Management Ltd’s holdings in Huntsman were worth $293,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HUN. Anchor Capital Advisors LLC lifted its position in Huntsman by 68.2% during the fourth quarter. Anchor Capital Advisors LLC now owns 3,360,581 shares of the basic materials company’s stock valued at $81,192,000 after purchasing an additional 1,362,356 shares in the last quarter. Point72 Asset Management L.P. increased its holdings in shares of Huntsman by 162.2% in the third quarter. Point72 Asset Management L.P. now owns 2,200,591 shares of the basic materials company’s stock worth $51,186,000 after purchasing an additional 1,361,317 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Huntsman in the fourth quarter worth about $28,575,000. Carillon Tower Advisers Inc. increased its holdings in shares of Huntsman by 44.0% in the third quarter. Carillon Tower Advisers Inc. now owns 2,510,914 shares of the basic materials company’s stock worth $58,404,000 after purchasing an additional 767,750 shares during the last quarter. Finally, Monarch Partners Asset Management LLC bought a new stake in shares of Huntsman in the third quarter worth about $11,715,000. Institutional investors own 73.77% of the company’s stock.
HUN has been the topic of several research reports. SunTrust Banks reduced their target price on Huntsman to $29.00 and set a “buy” rating on the stock in a report on Monday, October 28th. TheStreet cut Huntsman from a “b” rating to a “c+” rating in a report on Tuesday, October 29th. Citigroup reduced their target price on Huntsman from $28.00 to $24.00 and set a “buy” rating on the stock in a report on Friday. Goldman Sachs Group raised Huntsman from a “buy” rating to a “conviction-buy” rating and reduced their price objective for the stock from $29.00 to $23.21 in a research note on Monday, November 18th. Finally, Cfra reduced their price objective on Huntsman from $21.00 to $20.00 and set a “sell” rating on the stock in a research note on Thursday. Two research analysts have rated the stock with a sell rating, two have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $25.48.
NYSE HUN traded down $0.48 during trading hours on Friday, hitting $21.06. 2,572,390 shares of the company were exchanged, compared to its average volume of 1,920,320. The stock has a market cap of $4.89 billion, a PE ratio of -65.81, a price-to-earnings-growth ratio of 1.20 and a beta of 2.35. The stock has a 50-day moving average price of $22.49 and a 200 day moving average price of $22.20. Huntsman Co. has a 52 week low of $17.33 and a 52 week high of $25.66. The company has a quick ratio of 1.45, a current ratio of 1.96 and a debt-to-equity ratio of 0.97.
Huntsman (NYSE:HUN) last released its earnings results on Thursday, February 13th. The basic materials company reported $0.29 EPS for the quarter, meeting analysts’ consensus estimates of $0.29. The firm had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.61 billion. Huntsman had a positive return on equity of 17.06% and a negative net margin of 0.99%. The company’s quarterly revenue was down 25.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.52 earnings per share. As a group, sell-side analysts anticipate that Huntsman Co. will post 1.79 earnings per share for the current year.
Huntsman Corporation manufactures and sells differentiated organic chemical products worldwide. The company operates in four segments: Polyurethanes, Performance Products, Advanced Materials, and Textile Effects. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyols, thermoplastic polyurethane, propylene oxide, and methyl tertiary-butyl ether products.
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