Smith Graham & Co. Investment Advisors LP Purchases 12,750 Shares of Huntsman Co. (HUN)

Smith Graham & Co. Investment Advisors LP grew its position in shares of Huntsman Co. (NYSE:HUN) by 7.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 184,460 shares of the basic materials company’s stock after acquiring an additional 12,750 shares during the quarter. Smith Graham & Co. Investment Advisors LP owned about 0.08% of Huntsman worth $5,023,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HUN. FTB Advisors Inc. bought a new stake in shares of Huntsman during the second quarter valued at approximately $114,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Huntsman during the second quarter valued at approximately $122,000. Clear Harbor Asset Management LLC bought a new stake in shares of Huntsman during the third quarter valued at approximately $200,000. Point72 Hong Kong Ltd increased its holdings in shares of Huntsman by 46.5% during the second quarter. Point72 Hong Kong Ltd now owns 7,038 shares of the basic materials company’s stock valued at $206,000 after acquiring an additional 2,235 shares in the last quarter. Finally, Chemical Bank bought a new stake in shares of Huntsman during the second quarter valued at approximately $219,000. Hedge funds and other institutional investors own 77.47% of the company’s stock.

HUN stock opened at $21.47 on Wednesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.58 and a current ratio of 1.93. Huntsman Co. has a 1-year low of $19.26 and a 1-year high of $36.09. The firm has a market capitalization of $4.93 billion, a price-to-earnings ratio of 8.66, a price-to-earnings-growth ratio of 0.70 and a beta of 2.69.

Huntsman (NYSE:HUN) last posted its quarterly earnings data on Tuesday, October 30th. The basic materials company reported $0.84 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.02. Huntsman had a return on equity of 24.14% and a net margin of 11.92%. The business had revenue of $2.44 billion for the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter in the previous year, the firm earned $0.67 earnings per share. The business’s revenue was up 12.7% on a year-over-year basis. As a group, research analysts predict that Huntsman Co. will post 3.5 earnings per share for the current year.

HUN has been the subject of several recent research reports. Zacks Investment Research downgraded Huntsman from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. Royal Bank of Canada reiterated a “buy” rating and set a $38.00 price target on shares of Huntsman in a report on Wednesday, August 1st. Citigroup downgraded Huntsman from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $43.00 to $30.00 in a report on Monday, October 1st. Seaport Global Securities initiated coverage on Huntsman in a report on Friday, August 24th. They set a “buy” rating for the company. Finally, Barclays initiated coverage on Huntsman in a report on Monday, October 8th. They set an “underweight” rating and a $29.00 price target for the company. Two analysts have rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $35.62.

About Huntsman

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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