Chicago Partners Investment Group LLC Purchases 162,798 Shares of Huntsman Corporation $HUN

Chicago Partners Investment Group LLC boosted its position in Huntsman Corporation (NYSE:HUN - Free Report) by 457.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 198,356 shares of the basic materials company's stock after purchasing an additional 162,798 shares during the period. Chicago Partners Investment Group LLC owned 0.11% of Huntsman worth $1,746,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of HUN. Lombard Odier Asset Management USA Corp boosted its stake in shares of Huntsman by 6.2% during the first quarter. Lombard Odier Asset Management USA Corp now owns 16,868 shares of the basic materials company's stock valued at $225,000 after purchasing an additional 982 shares in the last quarter. Fifth Third Bancorp increased its stake in shares of Huntsman by 15.0% in the first quarter. Fifth Third Bancorp now owns 11,508 shares of the basic materials company's stock valued at $153,000 after buying an additional 1,498 shares during the period. Essential Partners LLC increased its stake in shares of Huntsman by 40.3% in the first quarter. Essential Partners LLC now owns 5,766 shares of the basic materials company's stock valued at $77,000 after buying an additional 1,655 shares during the period. Versant Capital Management Inc raised its holdings in Huntsman by 166.7% in the 2nd quarter. Versant Capital Management Inc now owns 2,672 shares of the basic materials company's stock valued at $28,000 after buying an additional 1,670 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in Huntsman by 30.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 7,240 shares of the basic materials company's stock valued at $96,000 after buying an additional 1,672 shares during the last quarter. 84.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on HUN shares. Zacks Research lowered shares of Huntsman from a "hold" rating to a "strong sell" rating in a report on Monday, October 12th. UBS Group raised their price target on shares of Huntsman from $9.00 to $10.00 and gave the company a "neutral" rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $11.00 price target on shares of Huntsman in a report on Thursday, August 20th. Wells Fargo & Company reduced their price objective on shares of Huntsman from $11.00 to $9.00 and set an "equal weight" rating on the stock in a research note on Tuesday, October 6th. Finally, Barclays increased their price objective on Huntsman from $10.00 to $11.00 and gave the company an "equal weight" rating in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $11.69.

Huntsman Stock Performance

Shares of HUN stock opened at $9.45 on Friday. The business's 50 day simple moving average is $9.00 and its 200 day simple moving average is $11.63. Huntsman Corporation has a one year low of $7.74 and a one year high of $16.08. The stock has a market capitalization of $1.66 billion, a PE ratio of -9.45 and a beta of 0.73. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.35 and a quick ratio of 0.78.

Huntsman (NYSE:HUN - Get Free Report) last released its quarterly earnings results on Monday, November 2nd. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.03). The firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.61 billion. Huntsman had a negative return on equity of 3.11% and a negative net margin of 2.81%. The firm's revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.03) EPS. As a group, research analysts forecast that Huntsman Corporation will post -0.29 earnings per share for the current year.

About Huntsman

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.

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