Murphy Capital Management Inc. cut its stake in Huntsman Co. (NYSE:HUN) by 14.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 11,750 shares of the basic materials company’s stock after selling 2,000 shares during the period. Murphy Capital Management Inc.’s holdings in Huntsman were worth $226,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the company. IFP Advisors Inc increased its holdings in shares of Huntsman by 30.5% during the fourth quarter. IFP Advisors Inc now owns 2,069 shares of the basic materials company’s stock valued at $39,000 after purchasing an additional 484 shares during the period. Oppenheimer Asset Management Inc. acquired a new position in shares of Huntsman during the fourth quarter valued at $27,000. First Interstate Bank increased its holdings in shares of Huntsman by 215.6% during the fourth quarter. First Interstate Bank now owns 2,200 shares of the basic materials company’s stock valued at $42,000 after purchasing an additional 1,503 shares during the period. Strategic Wealth Partners Ltd. increased its holdings in shares of Huntsman by 6.6% during the third quarter. Strategic Wealth Partners Ltd. now owns 31,993 shares of the basic materials company’s stock valued at $871,000 after purchasing an additional 1,983 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Huntsman by 13.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,125 shares of the basic materials company’s stock valued at $350,000 after purchasing an additional 2,215 shares during the period. 76.80% of the stock is currently owned by institutional investors.

Shares of HUN stock opened at $21.81 on Monday. Huntsman Co. has a fifty-two week low of $17.58 and a fifty-two week high of $34.92. The stock has a market cap of $5.20 billion, a P/E ratio of 8.79, a PEG ratio of 0.81 and a beta of 2.25. The company has a quick ratio of 1.51, a current ratio of 1.88 and a debt-to-equity ratio of 0.57.

In related news, CFO Sean Douglas purchased 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, December 6th. The stock was acquired at an average price of $18.72 per share, for a total transaction of $46,800.00. Following the transaction, the chief financial officer now directly owns 82,595 shares of the company’s stock, valued at approximately $1,546,178.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Peter R. Huntsman purchased 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 29th. The stock was bought at an average price of $19.90 per share, with a total value of $497,500.00. Following the transaction, the chief executive officer now directly owns 4,956,349 shares in the company, valued at $98,631,345.10. The disclosure for this purchase can be found here. Insiders have purchased 39,500 shares of company stock valued at $770,200 in the last ninety days. Company insiders own 10.90% of the company’s stock.

HUN has been the topic of a number of research analyst reports. Alembic Global Advisors lowered Huntsman from an “overweight” rating to a “neutral” rating in a report on Monday, December 31st. Barclays lowered their price target on Huntsman from $29.00 to $22.00 and set an “underweight” rating on the stock in a report on Thursday, November 1st. KeyCorp lowered their price target on Huntsman from $36.00 to $32.00 and set an “overweight” rating on the stock in a report on Monday, December 3rd. Nomura lowered their price target on Huntsman from $37.00 to $30.00 and set a “neutral” rating on the stock in a report on Monday, October 15th. Finally, Citigroup lowered their price target on Huntsman from $30.00 to $25.50 and set a “neutral” rating on the stock in a report on Friday, November 2nd. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $33.05.

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Huntsman Profile

Huntsman Corporation, through its subsidiary, Huntsman International LLC, manufactures and sells differentiated organic chemical products worldwide. The company operates in four segments: Polyurethanes, Performance Products, Advanced Materials, and Textile Effects. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyols, thermoplastic polyurethane, propylene oxide, and methyl tertiary-butyl ether products.

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Institutional Ownership by Quarter for Huntsman (NYSE:HUN)

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