Advisors Asset Management Inc. Raises Holdings in Huntsman Corporation $HUN

Advisors Asset Management Inc. boosted its holdings in shares of Huntsman Corporation (NYSE:HUN) by 30.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 727,632 shares of the basic materials company’s stock after acquiring an additional 169,288 shares during the quarter. Advisors Asset Management Inc. owned about 0.42% of Huntsman worth $6,534,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. SJS Investment Consulting Inc. acquired a new stake in shares of Huntsman during the 3rd quarter worth about $33,000. GAMMA Investing LLC lifted its position in Huntsman by 104.9% in the third quarter. GAMMA Investing LLC now owns 3,935 shares of the basic materials company’s stock valued at $35,000 after buying an additional 2,015 shares during the last quarter. IFP Advisors Inc boosted its stake in Huntsman by 197.6% during the second quarter. IFP Advisors Inc now owns 3,661 shares of the basic materials company’s stock worth $38,000 after buying an additional 2,431 shares during the period. Strengthening Families & Communities LLC increased its position in shares of Huntsman by 2,182.0% during the third quarter. Strengthening Families & Communities LLC now owns 4,313 shares of the basic materials company’s stock valued at $39,000 after acquiring an additional 4,124 shares during the last quarter. Finally, Bayforest Capital Ltd increased its position in shares of Huntsman by 986.0% during the third quarter. Bayforest Capital Ltd now owns 6,505 shares of the basic materials company’s stock valued at $58,000 after acquiring an additional 5,906 shares during the last quarter. Institutional investors and hedge funds own 84.81% of the company’s stock.

Huntsman Stock Performance

NYSE HUN opened at $13.27 on Friday. The firm has a market cap of $2.30 billion, a P/E ratio of -6.98 and a beta of 0.70. Huntsman Corporation has a 52-week low of $7.30 and a 52-week high of $18.53. The business’s 50-day moving average price is $11.23 and its 200 day moving average price is $10.10. The company has a quick ratio of 0.84, a current ratio of 1.36 and a debt-to-equity ratio of 0.54.

Analyst Ratings Changes

Several research firms have weighed in on HUN. Citigroup lifted their target price on Huntsman from $10.50 to $12.00 and gave the company a “neutral” rating in a research report on Thursday, January 15th. Zacks Research raised shares of Huntsman from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Royal Bank Of Canada upped their target price on shares of Huntsman from $10.00 to $13.00 and gave the stock a “sector perform” rating in a research note on Friday, January 16th. UBS Group raised their price target on shares of Huntsman from $9.00 to $12.00 and gave the company a “neutral” rating in a research report on Monday, January 12th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Huntsman in a research report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $11.00.

About Huntsman

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.