Savant Capital LLC Sells 46,172 Shares of Huntsman Corporation $HUN

Savant Capital LLC decreased its position in shares of Huntsman Corporation (NYSE:HUN) by 66.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,867 shares of the basic materials company’s stock after selling 46,172 shares during the period. Savant Capital LLC’s holdings in Huntsman were worth $205,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Strengthening Families & Communities LLC increased its stake in Huntsman by 2,182.0% in the 3rd quarter. Strengthening Families & Communities LLC now owns 4,313 shares of the basic materials company’s stock worth $39,000 after acquiring an additional 4,124 shares during the last quarter. Allianz Asset Management GmbH grew its holdings in shares of Huntsman by 48.6% in the third quarter. Allianz Asset Management GmbH now owns 952,108 shares of the basic materials company’s stock valued at $8,550,000 after purchasing an additional 311,458 shares in the last quarter. Frank Rimerman Advisors LLC bought a new stake in Huntsman in the third quarter worth $762,000. AlphaQuest LLC raised its stake in Huntsman by 156.6% during the third quarter. AlphaQuest LLC now owns 91,070 shares of the basic materials company’s stock valued at $818,000 after purchasing an additional 55,580 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in Huntsman by 2.5% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 152,322 shares of the basic materials company’s stock valued at $1,368,000 after purchasing an additional 3,707 shares during the last quarter. 84.81% of the stock is owned by institutional investors.

Huntsman Trading Down 0.4%

HUN stock opened at $13.22 on Tuesday. Huntsman Corporation has a 12 month low of $7.30 and a 12 month high of $18.53. The firm’s 50-day moving average is $11.36 and its 200 day moving average is $10.14. The company has a market capitalization of $2.30 billion, a PE ratio of -6.96 and a beta of 0.70. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.36 and a quick ratio of 0.84.

Analysts Set New Price Targets

Several brokerages have recently issued reports on HUN. Mizuho upped their target price on shares of Huntsman from $7.00 to $8.00 and gave the company an “underperform” rating in a research report on Thursday, December 18th. Citigroup boosted their price objective on Huntsman from $10.50 to $12.00 and gave the stock a “neutral” rating in a research note on Thursday, January 15th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Huntsman in a research note on Thursday, January 22nd. JPMorgan Chase & Co. cut their target price on Huntsman from $20.00 to $11.00 and set an “overweight” rating on the stock in a research report on Monday, November 10th. Finally, The Goldman Sachs Group raised their price target on Huntsman from $8.50 to $9.50 and gave the stock a “sell” rating in a research report on Thursday, December 4th. Two investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $11.00.

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.