Huntsman Co. (NYSE:HUN) Short Interest Up 17.2% in January
Huntsman Co. (NYSE:HUN) saw a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 3,140,000 shares, an increase of 17.2% from the January 15th total of 2,680,000 shares. Based on an average daily volume of 1,730,000 shares, the short-interest ratio is presently 1.8 days. Currently, 1.6% of the company’s stock are short sold.
A number of equities research analysts have commented on the stock. SunTrust Banks dropped their price objective on shares of Huntsman to $29.00 and set a “buy” rating on the stock in a research report on Monday, October 28th. Cfra dropped their target price on shares of Huntsman from $21.00 to $20.00 and set a “sell” rating on the stock in a research report on Thursday. TheStreet downgraded shares of Huntsman from a “b” rating to a “c+” rating in a research report on Tuesday, October 29th. Bank of America began coverage on shares of Huntsman in a research report on Wednesday, January 15th. They issued a “buy” rating and a $27.00 target price on the stock. Finally, Citigroup dropped their target price on shares of Huntsman from $28.00 to $24.00 and set a “buy” rating on the stock in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $25.48.
Large investors have recently modified their holdings of the stock. Usca Ria LLC acquired a new stake in Huntsman during the 3rd quarter worth $35,000. Covington Capital Management acquired a new stake in Huntsman during the 3rd quarter worth $41,000. Parkside Financial Bank & Trust boosted its stake in Huntsman by 547.4% during the 3rd quarter. Parkside Financial Bank & Trust now owns 1,897 shares of the basic materials company’s stock worth $44,000 after purchasing an additional 1,604 shares during the period. Howe & Rusling Inc. boosted its stake in Huntsman by 856.2% during the 3rd quarter. Howe & Rusling Inc. now owns 2,792 shares of the basic materials company’s stock worth $65,000 after purchasing an additional 2,500 shares during the period. Finally, Great Diamond Partners LLC acquired a new stake in Huntsman during the 4th quarter worth $65,000. Hedge funds and other institutional investors own 73.77% of the company’s stock.
Huntsman (NYSE:HUN) last issued its quarterly earnings results on Thursday, February 13th. The basic materials company reported $0.29 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.29. The firm had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.61 billion. Huntsman had a negative net margin of 0.99% and a positive return on equity of 17.06%. Huntsman’s quarterly revenue was down 25.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.52 EPS. On average, equities analysts expect that Huntsman will post 1.79 EPS for the current year.
Huntsman Corporation manufactures and sells differentiated organic chemical products worldwide. The company operates in four segments: Polyurethanes, Performance Products, Advanced Materials, and Textile Effects. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyols, thermoplastic polyurethane, propylene oxide, and methyl tertiary-butyl ether products.
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