Naples Global Advisors LLC Cuts Stake in Huntsman Co. (NYSE:HUN)

Naples Global Advisors LLC lessened its stake in shares of Huntsman Co. (NYSE:HUN) by 8.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 35,614 shares of the basic materials company’s stock after selling 3,142 shares during the period. Naples Global Advisors LLC’s holdings in Huntsman were worth $642,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Principal Financial Group Inc. grew its position in shares of Huntsman by 10.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,342,478 shares of the basic materials company’s stock valued at $32,488,000 after acquiring an additional 124,841 shares during the period. Bank of Montreal Can grew its holdings in Huntsman by 152.7% during the third quarter. Bank of Montreal Can now owns 99,405 shares of the basic materials company’s stock valued at $2,440,000 after purchasing an additional 60,072 shares during the period. First Hawaiian Bank bought a new position in Huntsman during the fourth quarter valued at $569,000. ING Groep NV bought a new stake in shares of Huntsman in the third quarter valued at $5,317,000. Finally, Empowered Funds LLC raised its stake in shares of Huntsman by 49.9% in the third quarter. Empowered Funds LLC now owns 31,783 shares of the basic materials company’s stock valued at $769,000 after buying an additional 10,582 shares during the period. Institutional investors own 84.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on HUN. UBS Group decreased their price objective on Huntsman from $24.00 to $23.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. Alembic Global Advisors cut shares of Huntsman from an “overweight” rating to a “neutral” rating in a research note on Wednesday, January 15th. Royal Bank of Canada cut their price target on Huntsman from $23.00 to $20.00 and set a “sector perform” rating for the company in a report on Thursday, December 19th. Morgan Stanley cut their target price on Huntsman from $24.00 to $20.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Finally, Mizuho reduced their price target on shares of Huntsman from $23.00 to $21.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $22.63.

Huntsman Price Performance

HUN opened at $16.95 on Friday. The company has a current ratio of 1.47, a quick ratio of 0.83 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $2.93 billion, a P/E ratio of -24.57 and a beta of 0.95. The stock has a 50-day moving average price of $17.70 and a 200-day moving average price of $20.35. Huntsman Co. has a 12-month low of $15.67 and a 12-month high of $27.01.

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.