Recurrent Investment Advisors LLC Raises Stock Position in Huntsman Corporation $HUN

Recurrent Investment Advisors LLC lifted its holdings in shares of Huntsman Corporation (NYSE:HUN) by 117.6% during the 1st quarter, Holdings Channel reports. The firm owned 535,914 shares of the basic materials company’s stock after buying an additional 289,638 shares during the period. Huntsman makes up about 0.4% of Recurrent Investment Advisors LLC’s holdings, making the stock its 29th biggest position. Recurrent Investment Advisors LLC’s holdings in Huntsman were worth $7,133,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Advisory Services Network LLC purchased a new stake in Huntsman during the 3rd quarter worth approximately $58,000. Parkside Financial Bank & Trust boosted its position in Huntsman by 1,005.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 6,514 shares of the basic materials company’s stock valued at $65,000 after buying an additional 5,925 shares during the period. Caitong International Asset Management Co. Ltd grew its stake in shares of Huntsman by 121.7% in the third quarter. Caitong International Asset Management Co. Ltd now owns 6,751 shares of the basic materials company’s stock worth $61,000 after acquiring an additional 3,706 shares in the last quarter. Platinum Investment Management Ltd. acquired a new position in shares of Huntsman in the fourth quarter worth $68,000. Finally, IFP Advisors Inc increased its position in shares of Huntsman by 267.9% during the fourth quarter. IFP Advisors Inc now owns 8,094 shares of the basic materials company’s stock worth $81,000 after acquiring an additional 5,894 shares during the period. Institutional investors and hedge funds own 84.81% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on HUN. Mizuho reduced their price objective on Huntsman from $14.00 to $13.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 1st. The Goldman Sachs Group set a $12.00 price target on Huntsman in a report on Thursday, July 16th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $15.00 price target on shares of Huntsman in a research report on Tuesday, May 19th. Wells Fargo & Company lifted their price objective on Huntsman from $12.00 to $14.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 5th. Finally, Citigroup boosted their price objective on Huntsman from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $13.67.

Huntsman Price Performance

Shares of HUN opened at $11.45 on Wednesday. The firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of -5.96 and a beta of 0.69. The firm’s fifty day simple moving average is $12.84 and its 200-day simple moving average is $12.81. Huntsman Corporation has a twelve month low of $7.30 and a twelve month high of $16.08. The company has a current ratio of 1.27, a quick ratio of 0.75 and a debt-to-equity ratio of 0.58.

Huntsman (NYSE:HUN) last issued its earnings results on Thursday, April 30th. The basic materials company reported ($0.20) EPS for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.03. The firm had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.39 billion. Huntsman had a negative net margin of 5.83% and a negative return on equity of 4.60%. The company’s revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.11) earnings per share. Equities analysts forecast that Huntsman Corporation will post -0.22 EPS for the current fiscal year.

Huntsman Company Profile

Huntsman Corporation is a global manufacturer and marketer of specialty chemicals with headquarters in The Woodlands, Texas. Founded in 1970 by entrepreneur Jon Huntsman Sr., the company has grown through strategic acquisitions and organic expansion to establish a broad portfolio of products serving diverse end markets. Huntsman maintains a presence in more than 30 countries, operating manufacturing facilities across North America, Europe, Asia-Pacific, Latin America and the Middle East.

The company organizes its operations into several core business segments, including Polyurethanes, Performance Products, Advanced Materials, and Textile Effects.