Allianz Asset Management GmbH Buys 311,458 Shares of Huntsman Corporation $HUN

Allianz Asset Management GmbH raised its stake in Huntsman Corporation (NYSE:HUN) by 48.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 952,108 shares of the basic materials company’s stock after acquiring an additional 311,458 shares during the period. Allianz Asset Management GmbH’s holdings in Huntsman were worth $8,550,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. SJS Investment Consulting Inc. acquired a new position in shares of Huntsman in the 3rd quarter worth approximately $33,000. GAMMA Investing LLC raised its position in shares of Huntsman by 104.9% during the third quarter. GAMMA Investing LLC now owns 3,935 shares of the basic materials company’s stock worth $35,000 after acquiring an additional 2,015 shares during the last quarter. IFP Advisors Inc lifted its position in Huntsman by 197.6% during the 2nd quarter. IFP Advisors Inc now owns 3,661 shares of the basic materials company’s stock valued at $38,000 after purchasing an additional 2,431 shares during the period. Bayforest Capital Ltd raised its stake in shares of Huntsman by 986.0% during the third quarter. Bayforest Capital Ltd now owns 6,505 shares of the basic materials company’s stock worth $58,000 after buying an additional 5,906 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB raised its position in shares of Huntsman by 1,101.3% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 8,265 shares of the basic materials company’s stock valued at $74,000 after acquiring an additional 7,577 shares during the last quarter. 84.81% of the stock is owned by institutional investors.

Huntsman Stock Down 3.0%

HUN stock opened at $13.05 on Tuesday. Huntsman Corporation has a 52 week low of $7.30 and a 52 week high of $18.53. The business has a 50-day simple moving average of $11.03 and a 200 day simple moving average of $10.03. The company has a quick ratio of 0.84, a current ratio of 1.36 and a debt-to-equity ratio of 0.54. The company has a market cap of $2.27 billion, a PE ratio of -6.87 and a beta of 0.70.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Royal Bank Of Canada upped their price target on Huntsman from $10.00 to $13.00 and gave the company a “sector perform” rating in a research note on Friday, January 16th. Alembic Global Advisors set a $11.00 target price on shares of Huntsman in a research note on Monday, October 27th. JPMorgan Chase & Co. reduced their price target on Huntsman from $20.00 to $11.00 and set an “overweight” rating for the company in a research report on Monday, November 10th. Zacks Research upgraded shares of Huntsman from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Finally, KeyCorp reissued a “sector weight” rating on shares of Huntsman in a report on Monday, December 22nd. Two equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $11.00.

Huntsman Company Profile

Huntsman Corporation is a global manufacturer and marketer of specialty chemicals with headquarters in The Woodlands, Texas. Founded in 1970 by entrepreneur Jon Huntsman Sr., the company has grown through strategic acquisitions and organic expansion to establish a broad portfolio of products serving diverse end markets. Huntsman maintains a presence in more than 30 countries, operating manufacturing facilities across North America, Europe, Asia-Pacific, Latin America and the Middle East.

The company organizes its operations into several core business segments, including Polyurethanes, Performance Products, Advanced Materials, and Textile Effects.