Signition LP Acquires Shares of 8,012 Huntsman Co. (HUN)

Signition LP acquired a new stake in Huntsman Co. (NYSE:HUN) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 8,012 shares of the basic materials company’s stock, valued at approximately $218,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in HUN. FTB Advisors Inc. bought a new position in Huntsman during the second quarter worth about $114,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Huntsman during the second quarter worth about $122,000. Clear Harbor Asset Management LLC bought a new position in Huntsman during the third quarter worth about $200,000. Point72 Hong Kong Ltd grew its holdings in Huntsman by 46.5% during the second quarter. Point72 Hong Kong Ltd now owns 7,038 shares of the basic materials company’s stock worth $206,000 after purchasing an additional 2,235 shares during the period. Finally, Chemical Bank bought a new position in Huntsman during the second quarter worth about $219,000. Institutional investors own 77.53% of the company’s stock.

Shares of HUN stock opened at $23.23 on Wednesday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.88 and a quick ratio of 1.51. The company has a market cap of $5.58 billion, a price-to-earnings ratio of 9.37, a P/E/G ratio of 0.81 and a beta of 2.67. Huntsman Co. has a 12-month low of $19.26 and a 12-month high of $36.09.

Huntsman (NYSE:HUN) last issued its quarterly earnings data on Tuesday, October 30th. The basic materials company reported $0.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.02. The firm had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.24 billion. Huntsman had a net margin of 9.88% and a return on equity of 22.96%. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period last year, the business posted $0.67 earnings per share. On average, sell-side analysts anticipate that Huntsman Co. will post 3.42 EPS for the current fiscal year.

In other Huntsman news, CFO Sean Douglas purchased 7,500 shares of the company’s stock in a transaction dated Wednesday, October 31st. The stock was bought at an average cost of $21.47 per share, for a total transaction of $161,025.00. Following the completion of the transaction, the chief financial officer now owns 77,595 shares in the company, valued at $1,665,964.65. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP David M. Stryker purchased 1,282 shares of the company’s stock in a transaction dated Wednesday, October 31st. The stock was acquired at an average price of $21.55 per share, with a total value of $27,627.10. Following the completion of the transaction, the vice president now owns 122,852 shares of the company’s stock, valued at approximately $2,647,460.60. The disclosure for this purchase can be found here. Insiders have acquired 10,782 shares of company stock valued at $234,492 over the last 90 days. Company insiders own 10.90% of the company’s stock.

HUN has been the subject of a number of research analyst reports. Citigroup lifted their price target on Huntsman from $42.50 to $43.00 and gave the stock a “buy” rating in a report on Wednesday, July 11th. Zacks Investment Research upgraded Huntsman from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a report on Monday, July 16th. Royal Bank of Canada assumed coverage on shares of Huntsman in a research report on Wednesday, July 18th. They set an “outperform” rating and a $37.00 price objective for the company. Seaport Global Securities assumed coverage on shares of Huntsman in a research report on Friday, August 24th. They set a “buy” rating for the company. Finally, ValuEngine downgraded shares of Huntsman from a “hold” rating to a “sell” rating in a research report on Saturday, September 1st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the stock. Huntsman currently has an average rating of “Hold” and a consensus target price of $34.58.

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Huntsman Company Profile

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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