Naples Global Advisors LLC Reduces Holdings in Huntsman Co. (NYSE:HUN)

Naples Global Advisors LLC lessened its position in Huntsman Co. (NYSE:HUN) by 8.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 35,614 shares of the basic materials company’s stock after selling 3,142 shares during the period. Naples Global Advisors LLC’s holdings in Huntsman were worth $642,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of HUN. Empowered Funds LLC lifted its position in shares of Huntsman by 10.0% in the 4th quarter. Empowered Funds LLC now owns 34,950 shares of the basic materials company’s stock worth $630,000 after purchasing an additional 3,167 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Huntsman by 20.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 117,704 shares of the basic materials company’s stock valued at $2,093,000 after acquiring an additional 19,601 shares in the last quarter. Yousif Capital Management LLC bought a new position in shares of Huntsman during the fourth quarter valued at $181,000. EMC Capital Management boosted its holdings in shares of Huntsman by 21.5% during the 4th quarter. EMC Capital Management now owns 10,288 shares of the basic materials company’s stock valued at $185,000 after acquiring an additional 1,821 shares during the last quarter. Finally, R Squared Ltd purchased a new position in shares of Huntsman in the 4th quarter worth $40,000. 84.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley cut their price objective on shares of Huntsman from $24.00 to $20.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Royal Bank of Canada lowered their price objective on Huntsman from $23.00 to $20.00 and set a “sector perform” rating on the stock in a research report on Thursday, December 19th. Wells Fargo & Company cut their target price on Huntsman from $26.00 to $25.00 and set an “overweight” rating for the company in a research report on Wednesday, November 6th. UBS Group dropped their price target on Huntsman from $24.00 to $23.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. Finally, Alembic Global Advisors cut shares of Huntsman from an “overweight” rating to a “neutral” rating in a research report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $22.63.

Huntsman Stock Up 1.1 %

Shares of HUN opened at $16.95 on Friday. The company has a quick ratio of 0.83, a current ratio of 1.47 and a debt-to-equity ratio of 0.45. The business has a fifty day moving average of $17.70 and a 200 day moving average of $20.35. The company has a market cap of $2.93 billion, a PE ratio of -24.57 and a beta of 0.95. Huntsman Co. has a 52-week low of $15.67 and a 52-week high of $27.01.

Huntsman Profile

Huntsman Corporation manufactures and sells diversified organic chemical products worldwide. The company operates in three segments: Polyurethanes, Performance Products, and Advanced Materials. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyether and polyester polyols, and thermoplastic polyurethane; and aniline, benzene, nitrobenzene and other co-products.