162,798 Huntsman Corporation $HUN Shares Bought by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC lifted its holdings in shares of Huntsman Corporation (NYSE:HUN) by 457.8% during the 3rd quarter, Holdings Channel reports. The firm owned 198,356 shares of the basic materials company’s stock after purchasing an additional 162,798 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Huntsman were worth $1,746,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Childress Capital Advisors LLC bought a new stake in Huntsman in the third quarter worth approximately $85,000. Pinnacle Wealth Planning Services Inc. boosted its holdings in shares of Huntsman by 153.3% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 16,283 shares of the basic materials company’s stock worth $137,000 after buying an additional 9,854 shares in the last quarter. Inspire Investing LLC grew its position in shares of Huntsman by 3,346.8% during the 3rd quarter. Inspire Investing LLC now owns 78,828 shares of the basic materials company’s stock worth $662,000 after buying an additional 76,541 shares during the period. Yousif Capital Management LLC grew its position in shares of Huntsman by 18.2% during the 3rd quarter. Yousif Capital Management LLC now owns 14,729 shares of the basic materials company’s stock worth $124,000 after buying an additional 2,270 shares during the period. Finally, NorthCrest Asset Manangement LLC acquired a new stake in shares of Huntsman during the 3rd quarter worth approximately $104,000. Institutional investors and hedge funds own 84.81% of the company’s stock.

Analysts Set New Price Targets

HUN has been the topic of several research analyst reports. The Goldman Sachs Group set a $12.00 target price on shares of Huntsman in a research note on Thursday, July 16th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Huntsman in a research note on Friday, October 30th. Wells Fargo & Company dropped their price objective on shares of Huntsman from $11.00 to $9.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 6th. Citigroup increased their price objective on shares of Huntsman from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, UBS Group raised their target price on Huntsman from $9.00 to $10.00 and gave the company a “neutral” rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, Huntsman has an average rating of “Hold” and a consensus target price of $11.69.

Huntsman Stock Performance

NYSE HUN opened at $9.45 on Friday. The company has a fifty day simple moving average of $9.00 and a 200 day simple moving average of $11.63. Huntsman Corporation has a 12-month low of $7.74 and a 12-month high of $16.08. The company has a current ratio of 1.35, a quick ratio of 0.78 and a debt-to-equity ratio of 0.60. The company has a market cap of $1.66 billion, a P/E ratio of -9.45 and a beta of 0.73.

Huntsman (NYSE:HUN) last released its quarterly earnings data on Monday, November 2nd. The basic materials company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.03). The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.61 billion. Huntsman had a negative net margin of 2.81% and a negative return on equity of 3.11%. The firm’s quarterly revenue was up 17.6% on a year-over-year basis. During the same period last year, the business posted ($0.03) earnings per share. Sell-side analysts predict that Huntsman Corporation will post -0.29 earnings per share for the current fiscal year.

Huntsman Company Profile

Huntsman Corporation (NYSE:HUN) is a global manufacturer of differentiated and commodity chemical products. Founded in 1970, the company develops and produces materials used by manufacturers in a broad range of industries, including construction, automotive, aerospace, electronics, energy, coatings, adhesives and consumer products.

Huntsman’s principal businesses include polyurethane products, performance products and advanced materials. Its portfolio includes polyurethane systems and intermediates, epoxy and other specialty resins, curing agents, amines, maleic anhydride and other chemicals used in insulation, composites, coatings, adhesives and industrial applications.

The company serves customers internationally through manufacturing facilities, research and development operations, and sales offices in North America, Europe, Asia-Pacific and other regions.