Huntsman Corporation (HUN) Position Reduced by Cornerstone Capital Management Holdings LLC.

Cornerstone Capital Management Holdings LLC. lessened its stake in Huntsman Corporation (NYSE:HUN) by 54.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 267,283 shares of the basic materials company’s stock after selling 324,728 shares during the period. Cornerstone Capital Management Holdings LLC. owned 0.11% of Huntsman Corporation worth $6,905,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Intrinsic Edge Capital Management LLC purchased a new position in Huntsman Corporation in the 2nd quarter worth about $2,290,000. Janus Henderson Group PLC purchased a new position in Huntsman Corporation during the 2nd quarter valued at about $1,297,000. Macquarie Group Ltd. increased its position in Huntsman Corporation by 188,146.3% during the 2nd quarter. Macquarie Group Ltd. now owns 231,543 shares of the basic materials company’s stock valued at $5,983,000 after purchasing an additional 231,420 shares during the period. Royal Bank of Canada increased its position in Huntsman Corporation by 58.6% during the 2nd quarter. Royal Bank of Canada now owns 398,112 shares of the basic materials company’s stock valued at $10,287,000 after purchasing an additional 147,090 shares during the period. Finally, GLG Partners LP purchased a new position in Huntsman Corporation during the 2nd quarter valued at about $3,056,000. 75.10% of the stock is currently owned by institutional investors.

COPYRIGHT VIOLATION NOTICE: This report was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this report on another publication, it was illegally copied and republished in violation of U.S. & international copyright law. The original version of this report can be read at https://ledgergazette.com/2017/10/11/huntsman-corporation-hun-position-reduced-by-cornerstone-capital-management-holdings-llc.html.

A number of research analysts have commented on HUN shares. BidaskClub downgraded shares of Huntsman Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, June 13th. KeyCorp reissued a “buy” rating and set a $34.00 target price on shares of Huntsman Corporation in a research report on Friday, September 1st. Wells Fargo & Company raised shares of Huntsman Corporation from a “market perform” rating to an “outperform” rating and raised their target price for the company from $30.00 to $32.00 in a research report on Thursday, September 28th. Instinet reissued a “buy” rating and set a $34.00 target price (up previously from $30.00) on shares of Huntsman Corporation in a research report on Wednesday, September 20th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $31.00 target price on shares of Huntsman Corporation in a research report on Tuesday, July 25th. Two analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $30.60.

Huntsman Corporation (NYSE HUN) opened at 27.21 on Wednesday. The stock has a market cap of $6.53 billion, a P/E ratio of 15.43 and a beta of 2.79. Huntsman Corporation has a 52-week low of $15.38 and a 52-week high of $28.67. The firm’s 50-day moving average is $27.21 and its 200-day moving average is $25.75.

Huntsman Corporation (NYSE:HUN) last issued its quarterly earnings results on Thursday, July 27th. The basic materials company reported $0.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.18. The business had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.64 billion. Huntsman Corporation had a net margin of 4.33% and a return on equity of 30.04%. The business’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.53 earnings per share. Equities research analysts predict that Huntsman Corporation will post $2.33 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were given a dividend of $0.125 per share. The ex-dividend date was Thursday, September 14th. This represents a $0.50 annualized dividend and a dividend yield of 1.84%. Huntsman Corporation’s dividend payout ratio is presently 28.41%.

About Huntsman Corporation

Huntsman Corporation is a manufacturer of differentiated organic chemical products an

A number of other hedge funds also recently bought and sold shares of the stock. Intrinsic Edge Capital Management LLC purchased a new position in Huntsman Corporation in the 2nd quarter worth about $2,290,000. Janus Henderson Group PLC purchased a new position in Huntsman Corporation during the 2nd quarter valued at about $1,297,000. Macquarie Group Ltd. increased its position in Huntsman Corporation by 188,146.3% during the 2nd quarter. Macquarie Group Ltd. now owns 231,543 shares of the basic materials company’s stock valued at $5,983,000 after purchasing an additional 231,420 shares during the period. Royal Bank of Canada increased its position in Huntsman Corporation by 58.6% during the 2nd quarter. Royal Bank of Canada now owns 398,112 shares of the basic materials company’s stock valued at $10,287,000 after purchasing an additional 147,090 shares during the period. Finally, GLG Partners LP purchased a new position in Huntsman Corporation during the 2nd quarter valued at about $3,056,000. 75.10% of the stock is currently owned by institutional investors.

COPYRIGHT VIOLATION NOTICE: This report was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this report on another publication, it was illegally copied and republished in violation of U.S. & international copyright law. The original version of this report can be read at https://ledgergazette.com/2017/10/11/huntsman-corporation-hun-position-reduced-by-cornerstone-capital-management-holdings-llc.html.

A number of research analysts have commented on HUN shares. BidaskClub downgraded shares of Huntsman Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, June 13th. KeyCorp reissued a “buy” rating and set a $34.00 target price on shares of Huntsman Corporation in a research report on Friday, September 1st. Wells Fargo & Company raised shares of Huntsman Corporation from a “market perform” rating to an “outperform” rating and raised their target price for the company from $30.00 to $32.00 in a research report on Thursday, September 28th. Instinet reissued a “buy” rating and set a $34.00 target price (up previously from $30.00) on shares of Huntsman Corporation in a research report on Wednesday, September 20th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $31.00 target price on shares of Huntsman Corporation in a research report on Tuesday, July 25th. Two analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $30.60.

Huntsman Corporation (NYSE HUN) opened at 27.21 on Wednesday. The stock has a market cap of $6.53 billion, a P/E ratio of 15.43 and a beta of 2.79. Huntsman Corporation has a 52-week low of $15.38 and a 52-week high of $28.67. The firm’s 50-day moving average is $27.21 and its 200-day moving average is $25.75.

Huntsman Corporation (NYSE:HUN) last issued its quarterly earnings results on Thursday, July 27th. The basic materials company reported $0.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.18. The business had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.64 billion. Huntsman Corporation had a net margin of 4.33% and a return on equity of 30.04%. The business’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.53 earnings per share. Equities research analysts predict that Huntsman Corporation will post $2.33 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were given a dividend of $0.125 per share. The ex-dividend date was Thursday, September 14th. This represents a $0.50 annualized dividend and a dividend yield of 1.84%. Huntsman Corporation’s dividend payout ratio is presently 28.41%.

About Huntsman Corporation

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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Institutional Ownership by Quarter for Huntsman Corporation (NYSE:HUN)

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