Profund Advisors LLC Has $271,000 Stake in Huntsman Corporation (HUN)
Profund Advisors LLC reduced its position in Huntsman Corporation (NYSE:HUN) by 33.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,494 shares of the basic materials company’s stock after selling 5,303 shares during the quarter. Profund Advisors LLC’s holdings in Huntsman Corporation were worth $271,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. DSAM Partners London Ltd bought a new position in shares of Huntsman Corporation in the second quarter valued at approximately $2,128,000. Chicago Equity Partners LLC boosted its position in shares of Huntsman Corporation by 1,462.7% in the second quarter. Chicago Equity Partners LLC now owns 443,035 shares of the basic materials company’s stock valued at $11,448,000 after acquiring an additional 414,685 shares during the period. CIBC World Markets Inc. boosted its position in shares of Huntsman Corporation by 133.4% in the second quarter. CIBC World Markets Inc. now owns 708,530 shares of the basic materials company’s stock valued at $18,308,000 after acquiring an additional 404,905 shares during the period. New York State Teachers Retirement System boosted its position in shares of Huntsman Corporation by 0.6% in the first quarter. New York State Teachers Retirement System now owns 17,600 shares of the basic materials company’s stock valued at $432,000 after acquiring an additional 100 shares during the period. Finally, Pacer Advisors Inc. boosted its position in shares of Huntsman Corporation by 16.4% in the second quarter. Pacer Advisors Inc. now owns 35,389 shares of the basic materials company’s stock valued at $914,000 after acquiring an additional 4,982 shares during the period. Institutional investors own 75.10% of the company’s stock.
A number of research firms have recently commented on HUN. Zacks Investment Research upgraded shares of Huntsman Corporation from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Wednesday. Alembic Global Advisors restated a “buy” rating on shares of Huntsman Corporation in a research report on Monday, October 2nd. Wells Fargo & Company upgraded shares of Huntsman Corporation from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $30.00 to $32.00 in a research report on Thursday, September 28th. Instinet restated a “buy” rating and issued a $34.00 price objective (up from $30.00) on shares of Huntsman Corporation in a research report on Wednesday, September 20th. Finally, Nomura raised their price objective on shares of Huntsman Corporation from $30.00 to $34.00 and gave the company a “buy” rating in a research report on Tuesday, September 19th. Two research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $30.60.
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Shares of Huntsman Corporation (HUN) opened at 27.21 on Wednesday. Huntsman Corporation has a 12 month low of $15.38 and a 12 month high of $28.67. The firm’s 50-day moving average is $27.21 and its 200 day moving average is $25.75. The company has a market capitalization of $6.53 billion, a price-to-earnings ratio of 15.43 and a beta of 2.79.
Huntsman Corporation (NYSE:HUN) last posted its quarterly earnings results on Thursday, July 27th. The basic materials company reported $0.85 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.18. Huntsman Corporation had a return on equity of 30.04% and a net margin of 4.33%. The business had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.64 billion. During the same period in the prior year, the company posted $0.53 EPS. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. Equities analysts expect that Huntsman Corporation will post $2.33 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were paid a $0.125 dividend. The ex-dividend date was Thursday, September 14th. This represents a $0.50 annualized dividend and a yield of 1.84%. Huntsman Corporation’s payout ratio is 28.41%.
Huntsman Corporation 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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