Capital Fund Management S.A. bought a new stake in Huntsman Co. (NYSE:HUN) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 524,837 shares of the basic materials company’s stock, valued at approximately $17,472,000. Capital Fund Management S.A. owned 0.22% of Huntsman at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Cerebellum GP LLC acquired a new position in shares of Huntsman in the 4th quarter valued at about $128,000. Assetmark Inc. increased its holdings in shares of Huntsman by 1,658.4% in the 3rd quarter. Assetmark Inc. now owns 3,974 shares of the basic materials company’s stock valued at $109,000 after purchasing an additional 3,748 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Huntsman in the 4th quarter valued at about $133,000. Cypress Capital Management LLC WY acquired a new position in shares of Huntsman in the 4th quarter valued at about $211,000. Finally, Chickasaw Capital Management LLC acquired a new position in shares of Huntsman in the 4th quarter valued at about $216,000. Institutional investors own 77.87% of the company’s stock.
In related news, VP J Kimo Esplin sold 240,793 shares of the stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $30.99, for a total value of $7,462,175.07. Following the transaction, the vice president now owns 528,889 shares in the company, valued at $16,390,270.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Anthony P. Hankins sold 100,000 shares of the stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $33.24, for a total value of $3,324,000.00. The disclosure for this sale can be found here. Insiders sold 24,154,548 shares of company stock worth $527,750,108 in the last 90 days. 19.00% of the stock is currently owned by corporate insiders.
A number of equities analysts have recently weighed in on HUN shares. Alembic Global Advisors reiterated a “buy” rating on shares of Huntsman in a report on Monday, November 6th. Nomura upped their target price on Huntsman to $40.00 and gave the company a “buy” rating in a report on Monday, October 30th. ValuEngine downgraded Huntsman from a “strong-buy” rating to a “buy” rating in a report on Friday, December 15th. Jefferies Group upped their target price on Huntsman to $43.00 and gave the company a “buy” rating in a report on Friday, January 26th. Finally, Tudor Pickering started coverage on Huntsman in a report on Friday, January 19th. They issued a “buy” rating on the stock. Two investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $34.67.
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Huntsman Corporation is a manufacturer of differentiated organic chemical products and of inorganic chemical products. The Company operates all of its businesses through its subsidiary, Huntsman International LLC (Huntsman International). The Company operates through five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments and Additives.
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