Virtu KCG Holdings LLC Grows Holdings in Huntsman Corporation (HUN)

Virtu KCG Holdings LLC boosted its position in shares of Huntsman Corporation (NYSE:HUN) by 73.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,423 shares of the basic materials company’s stock after purchasing an additional 8,212 shares during the period. Virtu KCG Holdings LLC’s holdings in Huntsman Corporation were worth $502,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Harvest Fund Management Co. Ltd bought a new position in shares of Huntsman Corporation in the 2nd quarter valued at about $109,000. SG Americas Securities LLC bought a new position in shares of Huntsman Corporation in the 1st quarter valued at about $122,000. Opera Trading Capital bought a new position in shares of Huntsman Corporation in the 2nd quarter valued at about $129,000. Bronfman E.L. Rothschild L.P. grew its holdings in shares of Huntsman Corporation by 0.4% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 5,385 shares of the basic materials company’s stock valued at $139,000 after acquiring an additional 24 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Huntsman Corporation by 9.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,863 shares of the basic materials company’s stock valued at $203,000 after acquiring an additional 705 shares in the last quarter. Hedge funds and other institutional investors own 75.10% of the company’s stock.

Several equities analysts have recently weighed in on the company. Zacks Investment Research upgraded Huntsman Corporation from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Wednesday. BidaskClub upgraded Huntsman Corporation from a “hold” rating to a “buy” rating in a report on Thursday, June 22nd. Instinet reiterated a “buy” rating and issued a $34.00 target price (up from $30.00) on shares of Huntsman Corporation in a research note on Wednesday, September 20th. Wells Fargo & Company upgraded 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 note on Thursday, September 28th. Finally, KeyCorp upgraded shares of Huntsman Corporation from a “sector weight” rating to an “overweight” rating and set a $34.00 target price for the company in a research note on Monday, July 24th. Two analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $30.60.

Shares of Huntsman Corporation (HUN) opened at 27.21 on Wednesday. The stock has a 50 day moving average of $27.21 and a 200-day moving average of $25.75. The firm has a market capitalization 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.

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

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

ILLEGAL ACTIVITY NOTICE: This story was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this story on another site, it was copied illegally and reposted in violation of United States and internationa

A number of other hedge funds have also recently added to or reduced their stakes in the business. Harvest Fund Management Co. Ltd bought a new position in shares of Huntsman Corporation in the 2nd quarter valued at about $109,000. SG Americas Securities LLC bought a new position in shares of Huntsman Corporation in the 1st quarter valued at about $122,000. Opera Trading Capital bought a new position in shares of Huntsman Corporation in the 2nd quarter valued at about $129,000. Bronfman E.L. Rothschild L.P. grew its holdings in shares of Huntsman Corporation by 0.4% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 5,385 shares of the basic materials company’s stock valued at $139,000 after acquiring an additional 24 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Huntsman Corporation by 9.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,863 shares of the basic materials company’s stock valued at $203,000 after acquiring an additional 705 shares in the last quarter. Hedge funds and other institutional investors own 75.10% of the company’s stock.

Several equities analysts have recently weighed in on the company. Zacks Investment Research upgraded Huntsman Corporation from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Wednesday. BidaskClub upgraded Huntsman Corporation from a “hold” rating to a “buy” rating in a report on Thursday, June 22nd. Instinet reiterated a “buy” rating and issued a $34.00 target price (up from $30.00) on shares of Huntsman Corporation in a research note on Wednesday, September 20th. Wells Fargo & Company upgraded 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 note on Thursday, September 28th. Finally, KeyCorp upgraded shares of Huntsman Corporation from a “sector weight” rating to an “overweight” rating and set a $34.00 target price for the company in a research note on Monday, July 24th. Two analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $30.60.

Shares of Huntsman Corporation (HUN) opened at 27.21 on Wednesday. The stock has a 50 day moving average of $27.21 and a 200-day moving average of $25.75. The firm has a market capitalization 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.

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

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

ILLEGAL ACTIVITY NOTICE: This story was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this story on another site, it was copied illegally and reposted in violation of United States and international copyright & trademark law. The original version of this story can be viewed at https://ledgergazette.com/2017/10/11/virtu-kcg-holdings-llc-grows-holdings-in-huntsman-corporation-hun.html.

Huntsman Corporation Profile

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.

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

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