Short Interest in Huntsman Corp. (HUN) Expands By 49.0%
Huntsman Corp. (NYSE:HUN) was the target of a large growth in short interest during the month of September. As of September 30th, there was short interest totalling 12,609,266 shares, a growth of 49.0% from the September 15th total of 8,463,614 shares. Currently, 6.4% of the shares of the company are sold short. Based on an average trading volume of 4,350,885 shares, the short-interest ratio is currently 2.9 days.
Several hedge funds have recently modified their holdings of HUN. Aperio Group LLC increased its stake in shares of Huntsman Corp. by 16.6% in the first quarter. Aperio Group LLC now owns 105,008 shares of the company’s stock valued at $1,397,000 after buying an additional 14,939 shares in the last quarter. Ngam Advisors L.P. acquired a new position in shares of Huntsman Corp. during the first quarter worth approximately $231,000. TIAA CREF Investment Management LLC boosted its position in shares of Huntsman Corp. by 35.9% in the first quarter. TIAA CREF Investment Management LLC now owns 684,436 shares of the company’s stock worth $9,103,000 after buying an additional 180,705 shares during the last quarter. Teachers Advisors Inc. boosted its position in shares of Huntsman Corp. by 39.4% in the first quarter. Teachers Advisors Inc. now owns 393,853 shares of the company’s stock worth $5,238,000 after buying an additional 111,283 shares during the last quarter. Finally, BlackRock Group LTD boosted its position in shares of Huntsman Corp. by 32.8% in the first quarter. BlackRock Group LTD now owns 257,136 shares of the company’s stock worth $3,421,000 after buying an additional 63,485 shares during the last quarter. Institutional investors and hedge funds own 67.25% of the company’s stock.
HUN has been the topic of several recent research reports. Jefferies Group reaffirmed a “buy” rating on shares of Huntsman Corp. in a report on Monday, August 22nd. Zacks Investment Research raised shares of Huntsman Corp. from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 28th. Nomura reaffirmed a “buy” rating on shares of Huntsman Corp. in a report on Tuesday, July 12th. Finally, Citigroup Inc. upped their price objective on shares of Huntsman Corp. from $16.00 to $17.00 and gave the company a “neutral” rating in a report on Friday, July 15th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $16.43.
Shares of Huntsman Corp. (NYSE:HUN) opened at 15.88 on Monday. The stock has a market capitalization of $3.78 billion, a P/E ratio of 18.95 and a beta of 2.65. Huntsman Corp. has a one year low of $7.46 and a one year high of $18.12. The company’s 50-day moving average is $16.08 and its 200-day moving average is $15.29.
Huntsman Corp. (NYSE:HUN) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.53 earnings per share for the quarter, hitting the consensus estimate of $0.53. The business earned $2.54 billion during the quarter, compared to the consensus estimate of $2.59 billion. Huntsman Corp. had a net margin of 2.05% and a return on equity of 26.60%. The company’s revenue was down 7.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.63 EPS. On average, equities research analysts anticipate that Huntsman Corp. will post $1.68 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, September 15th were given a dividend of $0.125 per share. The ex-dividend date was Tuesday, September 13th. This represents a $0.50 annualized dividend and a dividend yield of 3.15%. Huntsman Corp.’s dividend payout ratio is presently 59.52%.
Huntsman Corp. 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). It operates in five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments and Additives.
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