Marshall Wace LLP Takes Position in Huntsman Corporation (HUN)
Marshall Wace LLP bought a new position in shares of Huntsman Corporation (NYSE:HUN) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 256,092 shares of the basic materials company’s stock, valued at approximately $6,658,000. Marshall Wace LLP owned approximately 0.11% of Huntsman Corporation as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC acquired a new position in shares of Huntsman Corporation during the first quarter valued at about $122,000. Opera Trading Capital purchased a new stake in Huntsman Corporation during the second quarter worth $129,000. CIBC Asset Management Inc purchased a new stake in Huntsman Corporation during the second quarter worth $207,000. World Asset Management Inc purchased a new stake in Huntsman Corporation during the first quarter worth $241,000. Finally, Asset Management One Co. Ltd. purchased a new stake in Huntsman Corporation during the first quarter worth $262,000. Institutional investors own 72.29% of the company’s stock.
Huntsman Corporation (HUN) opened at 25.34 on Monday. Huntsman Corporation has a 52 week low of $14.16 and a 52 week high of $28.30. The company has a market capitalization of $6.08 billion, a PE ratio of 14.37 and a beta of 2.81. The firm has a 50-day moving average of $26.29 and a 200-day moving average of $24.33.
Huntsman Corporation (NYSE:HUN) last issued its earnings results on Thursday, July 27th. The basic materials company reported $0.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.18. The business had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.64 billion. Huntsman Corporation had a net margin of 4.33% and a return on equity of 30.04%. Huntsman Corporation’s revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.53 earnings per share. Equities analysts expect that Huntsman Corporation will post $2.20 earnings per share for the current fiscal year.
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Several research analysts have issued reports on the company. Alembic Global Advisors set a $28.00 price target on Huntsman Corporation and gave the company a “buy” rating in a report on Thursday, July 27th. Jefferies Group LLC reissued a “buy” rating and set a $31.00 target price on shares of Huntsman Corporation in a research note on Tuesday, July 25th. BidaskClub downgraded shares of Huntsman Corporation from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. KeyCorp upgraded shares of Huntsman Corporation from a “sector weight” rating to an “overweight” rating and set a $34.00 price target on the stock in a report on Monday, July 24th. Finally, Zacks Investment Research upgraded shares of Huntsman Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 31st. 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’s stock. Huntsman Corporation has an average rating of “Buy” and a consensus price target of $29.00.
In other news, VP Randy W. Wright sold 32,962 shares of the stock in a transaction dated Thursday, June 29th. The shares were sold at an average price of $25.75, for a total value of $848,771.50. Following the completion of the sale, the vice president now owns 69,148 shares in the company, valued at $1,780,561. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Peter R. Huntsman bought 10,000 shares of the stock in a transaction dated Wednesday, May 31st. The stock was purchased at an average price of $23.83 per share, with a total value of $238,300.00. Following the acquisition, the chief executive officer now owns 4,042,720 shares of the company’s stock, valued at $96,338,017.60. The disclosure for this purchase can be found here. Corporate insiders own 19.00% of the company’s stock.
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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