Malaga Cove Capital LLC Has $1.10 Million Stake in Huntsman Co. (NYSE:HUN)

Malaga Cove Capital LLC lessened its position in Huntsman Co. (NYSE:HUN) by 4.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,967 shares of the basic materials company’s stock after selling 2,500 shares during the period. Malaga Cove Capital LLC’s holdings in Huntsman were worth $1,101,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in HUN. IFP Advisors Inc grew its holdings in Huntsman by 30.5% during the 4th quarter. IFP Advisors Inc now owns 2,069 shares of the basic materials company’s stock worth $39,000 after acquiring an additional 484 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in Huntsman by 5.3% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 13,549 shares of the basic materials company’s stock worth $261,000 after acquiring an additional 677 shares in the last quarter. Lindbrook Capital LLC bought a new position in Huntsman during the fourth quarter worth $26,000. Oppenheimer Asset Management Inc. bought a new position in Huntsman during the fourth quarter worth $27,000. Finally, First Interstate Bank boosted its stake in Huntsman by 215.6% during the fourth quarter. First Interstate Bank now owns 2,200 shares of the basic materials company’s stock worth $42,000 after acquiring an additional 1,503 shares in the last quarter. 77.28% of the stock is owned by institutional investors and hedge funds.

Shares of HUN stock opened at $21.58 on Friday. Huntsman Co. has a 12 month low of $17.58 and a 12 month high of $33.55. The company has a current ratio of 1.84, a quick ratio of 1.13 and a debt-to-equity ratio of 0.81. The firm has a market cap of $4.99 billion, a PE ratio of 6.46, a price-to-earnings-growth ratio of 0.93 and a beta of 2.21.

Huntsman (NYSE:HUN) last announced its quarterly earnings data on Tuesday, April 30th. The basic materials company reported $0.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.05. Huntsman had a return on equity of 18.89% and a net margin of 2.00%. The company had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2.12 billion. During the same period in the previous year, the company posted $0.96 EPS. The firm’s revenue was down 11.4% on a year-over-year basis. As a group, analysts expect that Huntsman Co. will post 2.81 earnings per share for the current year.

Several research firms have weighed in on HUN. ValuEngine upgraded shares of Huntsman from a “strong sell” rating to a “sell” rating in a report on Monday, April 1st. Zacks Investment Research lowered shares of Huntsman from a “hold” rating to a “sell” rating in a research report on Monday, February 4th. JPMorgan Chase & Co. lowered shares of Huntsman from an “overweight” rating to a “neutral” rating and set a $24.00 target price for the company. in a research report on Wednesday, February 13th. KeyCorp cut their price objective on shares of Huntsman from $30.00 to $29.00 and set an “overweight” rating for the company in a research report on Wednesday, April 10th. Finally, Royal Bank of Canada decreased their price target on shares of Huntsman from $28.00 to $27.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 19th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $29.95.

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Huntsman Profile

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.

Further Reading: Preferred Stock

Institutional Ownership by Quarter for Huntsman (NYSE:HUN)

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