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.
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.
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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