Maverick Capital Ltd. acquired a new position in Huntsman Corporation (NYSE:HUN – Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 65,283 shares of the basic materials company’s stock, valued at approximately $869,000.
Several other large investors have also modified their holdings of the business. UBS Group AG grew its stake in shares of Huntsman by 83.5% during the third quarter. UBS Group AG now owns 7,364,206 shares of the basic materials company’s stock valued at $66,131,000 after buying an additional 3,351,265 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Huntsman by 29.8% during the 3rd quarter. AQR Capital Management LLC now owns 12,062,972 shares of the basic materials company’s stock worth $106,878,000 after acquiring an additional 2,772,563 shares during the last quarter. Two Sigma Investments LP boosted its holdings in Huntsman by 476.5% during the 3rd quarter. Two Sigma Investments LP now owns 2,841,510 shares of the basic materials company’s stock valued at $25,517,000 after acquiring an additional 2,348,598 shares during the period. Qube Research & Technologies Ltd purchased a new position in Huntsman during the 2nd quarter valued at $21,953,000. Finally, Gotham Asset Management LLC grew its position in Huntsman by 4,003.2% in the 4th quarter. Gotham Asset Management LLC now owns 1,806,207 shares of the basic materials company’s stock valued at $18,062,000 after acquiring an additional 1,762,187 shares during the last quarter. Hedge funds and other institutional investors own 84.81% of the company’s stock.
Analyst Ratings Changes
HUN has been the subject of several research analyst reports. Bank of America lifted their target price on Huntsman from $10.00 to $11.00 and gave the stock an “underperform” rating in a research report on Tuesday, June 30th. Wells Fargo & Company lifted their price objective on shares of Huntsman from $12.00 to $14.00 and gave the company an “equal weight” rating in a report on Tuesday, May 5th. Mizuho dropped their target price on shares of Huntsman from $14.00 to $13.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $15.00 price target on shares of Huntsman in a research note on Tuesday, May 19th. Finally, Wall Street Zen raised Huntsman from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. One research 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. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $13.67.
Huntsman Trading Down 2.5%
NYSE HUN opened at $11.45 on Wednesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.75 and a current ratio of 1.27. The company has a market capitalization of $2.01 billion, a price-to-earnings ratio of -5.96 and a beta of 0.69. The company’s 50-day simple moving average is $12.84 and its two-hundred day simple moving average is $12.81. Huntsman Corporation has a one year low of $7.30 and a one year high of $16.08.
Huntsman (NYSE:HUN – Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The basic materials company reported ($0.20) earnings per share for the quarter, topping the consensus estimate of ($0.23) by $0.03. The firm had revenue of $1.42 billion during the quarter, compared to analysts’ expectations 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 prior year, the company earned ($0.11) EPS. 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.
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