Huntsman Co. (NYSE:HUN) traded down 5.9% during mid-day trading on Thursday . The company traded as low as $30.80 and last traded at $30.83. 3,685,484 shares were traded during trading, an increase of 28% from the average session volume of 2,868,477 shares. The stock had previously closed at $32.77.

A number of equities research analysts recently issued reports on the stock. Jefferies Group upped their price target on shares of Huntsman to $43.00 and gave the company a “buy” rating in a research note on Friday, January 26th. Tudor Pickering assumed coverage on shares of Huntsman in a research note on Friday, January 19th. They set a “buy” rating on the stock. ValuEngine raised shares of Huntsman from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd. JPMorgan Chase & Co. assumed coverage on shares of Huntsman in a research note on Wednesday, December 13th. They set an “overweight” rating and a $36.00 price target on the stock. Finally, Goldman Sachs Group reaffirmed a “hold” rating and set a $36.00 price target on shares of Huntsman in a research note on Monday, December 4th. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $34.00.

The company has a current ratio of 1.87, a quick ratio of 1.52 and a debt-to-equity ratio of 1.10. The firm has a market capitalization of $7,399.45, a PE ratio of 14.46, a price-to-earnings-growth ratio of 1.41 and a beta of 2.76.

In other Huntsman news, major shareholder Corp Huntsman sold 21,764,800 shares of the business’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $21.66, for a total transaction of $471,425,568.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP J Kimo Esplin sold 240,793 shares of the business’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $30.99, for a total transaction of $7,462,175.07. Following the transaction, the vice president now owns 528,889 shares in the company, valued at approximately $16,390,270.11. The disclosure for this sale can be found here. Insiders have sold 24,154,548 shares of company stock worth $527,750,108 in the last quarter. Company insiders own 19.00% of the company’s stock.

A number of hedge funds have recently bought and sold shares of HUN. Iridian Asset Management LLC CT bought a new position in Huntsman during the fourth quarter valued at $205,327,000. Bank of New York Mellon Corp increased its position in Huntsman by 292.7% during the fourth quarter. Bank of New York Mellon Corp now owns 5,538,830 shares of the basic materials company’s stock valued at $184,387,000 after acquiring an additional 4,128,204 shares during the last quarter. OxFORD Asset Management LLP bought a new position in Huntsman during the third quarter valued at $78,686,000. Point72 Asset Management L.P. increased its position in Huntsman by 243.2% during the third quarter. Point72 Asset Management L.P. now owns 2,824,233 shares of the basic materials company’s stock valued at $77,440,000 after acquiring an additional 2,001,233 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in Huntsman by 20.4% during the third quarter. Principal Financial Group Inc. now owns 5,792,566 shares of the basic materials company’s stock valued at $158,832,000 after acquiring an additional 983,408 shares during the last quarter. Institutional investors and hedge funds own 75.54% of the company’s stock.

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Huntsman Company 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.

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