Creative Planning Increases Position in Huntsman Co. (NYSE:HUN)

Creative Planning lifted its position in shares of Huntsman Co. (NYSE:HUN) by 16.0% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 28,925 shares of the basic materials company’s stock after buying an additional 3,997 shares during the quarter. Creative Planning’s holdings in Huntsman were worth $700,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Butensky & Cohen Financial Security Inc. grew its position in shares of Huntsman by 0.3% during the second quarter. Butensky & Cohen Financial Security Inc. now owns 152,577 shares of the basic materials company’s stock worth $3,474,000 after purchasing an additional 483 shares in the last quarter. William Blair Investment Management LLC grew its position in shares of Huntsman by 4.0% during the first quarter. William Blair Investment Management LLC now owns 17,131 shares of the basic materials company’s stock worth $446,000 after purchasing an additional 653 shares in the last quarter. Quantbot Technologies LP grew its position in shares of Huntsman by 0.4% during the first quarter. Quantbot Technologies LP now owns 185,005 shares of the basic materials company’s stock worth $4,816,000 after purchasing an additional 693 shares in the last quarter. Seven Eight Capital LP grew its position in shares of Huntsman by 3.3% during the second quarter. Seven Eight Capital LP now owns 24,568 shares of the basic materials company’s stock worth $559,000 after purchasing an additional 795 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in shares of Huntsman by 2.1% during the second quarter. The Manufacturers Life Insurance Company now owns 41,771 shares of the basic materials company’s stock worth $951,000 after purchasing an additional 863 shares in the last quarter. Hedge funds and other institutional investors own 84.81% of the company’s stock.

Huntsman Price Performance

NYSE:HUN opened at $21.82 on Monday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.30 and a quick ratio of 0.77. The business has a 50 day simple moving average of $22.77 and a 200-day simple moving average of $23.10. Huntsman Co. has a 1 year low of $19.91 and a 1 year high of $27.01. The firm has a market capitalization of $3.77 billion, a price-to-earnings ratio of -43.64 and a beta of 1.02.

Huntsman (NYSE:HUN) last issued its quarterly earnings results on Monday, August 5th. The basic materials company reported $0.14 earnings per share for the quarter, hitting the consensus estimate of $0.14. Huntsman had a positive return on equity of 0.26% and a negative net margin of 1.44%. The firm had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same period in the prior year, the business posted $0.22 earnings per share. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. Equities analysts forecast that Huntsman Co. will post 0.19 EPS for the current year.

Analysts Set New Price Targets

HUN has been the subject of a number of research reports. JPMorgan Chase & Co. dropped their price target on Huntsman from $27.00 to $25.00 and set an “overweight” rating for the company in a research note on Wednesday, August 7th. Wells Fargo & Company dropped their price target on Huntsman from $28.00 to $26.00 and set an “overweight” rating for the company in a research note on Wednesday, August 7th. Royal Bank of Canada increased their price target on Huntsman from $21.00 to $24.00 and gave the company a “sector perform” rating in a research note on Friday, October 11th. Finally, UBS Group dropped their price target on Huntsman from $23.00 to $22.00 and set a “neutral” rating for the company in a research note on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $25.75.

About Huntsman

Huntsman Corporation manufactures and sells diversified organic chemical products worldwide. The company operates in three segments: Polyurethanes, Performance Products, and Advanced Materials. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyether and polyester polyols, and thermoplastic polyurethane; and aniline, benzene, nitrobenzene and other co-products.