Brighton Jones LLC Takes Position in Huntsman Corporation $HUN

Brighton Jones LLC acquired a new stake in shares of Huntsman Corporation (NYSE:HUN) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 17,264 shares of the basic materials company’s stock, valued at approximately $180,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. AQR Capital Management LLC raised its position in shares of Huntsman by 345.7% during the first quarter. AQR Capital Management LLC now owns 9,926,971 shares of the basic materials company’s stock valued at $151,982,000 after buying an additional 7,699,922 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Huntsman by 7.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 6,105,566 shares of the basic materials company’s stock valued at $96,407,000 after buying an additional 419,009 shares during the last quarter. Invesco Ltd. raised its position in shares of Huntsman by 1.3% during the first quarter. Invesco Ltd. now owns 6,064,044 shares of the basic materials company’s stock valued at $95,751,000 after buying an additional 75,097 shares during the last quarter. Pzena Investment Management LLC raised its position in shares of Huntsman by 9.3% during the second quarter. Pzena Investment Management LLC now owns 5,310,768 shares of the basic materials company’s stock valued at $55,338,000 after buying an additional 451,761 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of Huntsman by 97.0% during the first quarter. Goldman Sachs Group Inc. now owns 2,137,285 shares of the basic materials company’s stock valued at $33,748,000 after buying an additional 1,052,127 shares during the last quarter. Institutional investors own 84.81% of the company’s stock.

Analyst Ratings Changes

HUN has been the topic of several research reports. Alembic Global Advisors set a $11.00 price target on shares of Huntsman in a research report on Monday. Citigroup reduced their price target on shares of Huntsman from $9.00 to $8.50 and set a “neutral” rating on the stock in a research report on Thursday, October 2nd. Jefferies Financial Group reduced their price target on shares of Huntsman from $15.00 to $14.00 and set a “buy” rating on the stock in a research report on Wednesday, September 10th. Bank of America restated an “underperform” rating and issued a $8.00 price target (down previously from $9.00) on shares of Huntsman in a research report on Tuesday, October 14th. Finally, Royal Bank Of Canada reduced their price target on shares of Huntsman from $12.00 to $10.00 and set a “sector perform” rating on the stock in a research report on Monday, August 4th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $10.91.

Huntsman Stock Up 0.7%

NYSE HUN opened at $8.24 on Friday. The company has a quick ratio of 0.85, a current ratio of 1.43 and a debt-to-equity ratio of 0.54. The company has a fifty day moving average of $9.61 and a two-hundred day moving average of $10.73. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of -4.22 and a beta of 0.64. Huntsman Corporation has a 52 week low of $7.74 and a 52 week high of $22.44.

Huntsman (NYSE:HUN) last issued its earnings results on Thursday, July 31st. The basic materials company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.05). The company had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Huntsman had a negative net margin of 5.75% and a negative return on equity of 2.48%. The firm’s revenue for the quarter was down 7.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.14 earnings per share. On average, analysts predict that Huntsman Corporation will post 0.32 earnings per share for the current year.

Huntsman Company Profile

Huntsman Corporation manufactures and sells diversified organic chemical products worldwide. The company operates in three segments: Polyurethanes, Performance Products, and Advanced Materials. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyether and polyester polyols, and thermoplastic polyurethane; and aniline, benzene, nitrobenzene and other co-products.