Huntsman Corporation Sees Unusually High Options Volume (NYSE:HUN)
Huntsman Corporation (NYSE:HUN) was the recipient of unusually large options trading on Thursday. Stock traders acquired 28,560 call options on the company. This represents an increase of approximately 1,450% compared to the typical volume of 1,843 call options.
A number of equities analysts have weighed in on the company. Zacks Investment Research upgraded Huntsman Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 31st. BidaskClub cut Huntsman Corporation from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Jefferies Group LLC restated a “buy” rating and issued a $31.00 price target on shares of Huntsman Corporation in a report on Tuesday, July 25th. Instinet restated a “buy” rating and issued a $30.00 price target on shares of Huntsman Corporation in a report on Sunday, July 9th. Finally, Alembic Global Advisors set a $28.00 price target on Huntsman Corporation and gave the stock a “buy” rating in a report on Thursday, July 27th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Huntsman Corporation has an average rating of “Buy” and a consensus target price of $28.67.
In other Huntsman Corporation news, VP Randy W. Wright sold 32,962 shares of the company’s stock in a transaction that occurred on Thursday, June 29th. The stock was sold at an average price of $25.75, for a total value of $848,771.50. Following the completion of the transaction, the vice president now owns 69,148 shares in the company, valued at approximately $1,780,561. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Randy W. Wright sold 56,675 shares of the company’s stock in a transaction that occurred on Friday, June 30th. The stock was sold at an average price of $25.76, for a total value of $1,459,948.00. Following the completion of the transaction, the vice president now owns 66,023 shares of the company’s stock, valued at approximately $1,700,752.48. The disclosure for this sale can be found here. 19.00% of the stock is owned by corporate insiders.
Hedge funds have recently made changes to their positions in the company. Harvest Fund Management Co. Ltd purchased a new stake in shares of Huntsman Corporation during the second quarter valued at $109,000. SG Americas Securities LLC purchased a new stake in shares of Huntsman Corporation during the first quarter valued at $122,000. Opera Trading Capital purchased a new stake in shares of Huntsman Corporation during the second quarter valued at $129,000. Bronfman E.L. Rothschild L.P. raised its stake in shares of Huntsman Corporation by 0.4% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 5,385 shares of the basic materials company’s stock valued at $139,000 after buying an additional 24 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Huntsman Corporation by 9.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,863 shares of the basic materials company’s stock valued at $203,000 after buying an additional 705 shares during the last quarter. 70.74% of the stock is currently owned by institutional investors.
Huntsman Corporation (NYSE:HUN) opened at 25.15 on Friday. The stock’s 50 day moving average price is $26.29 and its 200 day moving average price is $24.18. Huntsman Corporation has a 1-year low of $14.16 and a 1-year high of $28.30. The stock has a market capitalization of $6.04 billion, a PE ratio of 14.26 and a beta of 2.81.
Huntsman Corporation (NYSE:HUN) last released its earnings results on Thursday, July 27th. The basic materials company reported $0.85 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.18. The firm had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.64 billion. Huntsman Corporation had a return on equity of 30.04% and a net margin of 4.33%. The company’s revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.53 EPS. Equities research analysts forecast that Huntsman Corporation will post $2.22 earnings per share for the current year.
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Huntsman Corporation 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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