In today’s session Huntsman Corporation (HUN) registered an unusually high (1,505) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious HUN increase. With 1,505 contracts traded and 45224 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: HUN161118C00018000 closed last at: $0.85 or 13.3% up. About 435,419 shares traded hands. Huntsman Corporation (NYSE:HUN) has risen 38.04% since April 14, 2016 and is uptrending. It has outperformed by 33.36% the S&P500.
Huntsman Corporation (NYSE:HUN) Ratings Coverage
Out of 5 analysts covering Huntsman Corporation (NYSE:HUN), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. $30 is the highest target while $0 is the lowest. The $20.36 average target is 8.99% above today’s ($18.68) stock price. Huntsman Corporation has been the topic of 12 analyst reports since August 3, 2015 according to StockzIntelligence Inc. On Tuesday, October 20 the stock rating was maintained by JP Morgan with “Neutral”. The rating was downgraded by TheStreet to “Buy” on Tuesday, August 11. The firm has “Overweight” rating by KeyBanc Capital Markets given on Thursday, October 15. Goldman Sachs downgraded the shares of HUN in a report on Monday, August 17 to “Conviction-Buy” rating. The rating was maintained by Monness Crespi & Hardt with “Buy” on Tuesday, September 29. Nomura maintained the stock with “Buy” rating in Tuesday, May 3 report. Macquarie Research maintained the shares of HUN in a report on Tuesday, September 29 with “Outperform” rating.
According to Zacks Investment Research, “Huntsman Corporation is among the world’s largest global manufacturers of differentiated and commodity chemical products for a variety of industrial and consumer applications.”
Insitutional Activity: The institutional sentiment increased to 1.13 in Q2 2016. Its up 0.06, from 1.07 in 2016Q1. The ratio increased, as 31 funds sold all Huntsman Corporation shares owned while 95 reduced positions. 54 funds bought stakes while 89 increased positions. They now own 150.82 million shares or 2.01% less from 153.91 million shares in 2016Q1.
General American Investors accumulated 981,422 shares or 1.38% of the stock. Miles Capital reported 65,262 shares or 0.6% of all its holdings. State Of Wisconsin Board accumulated 0.02% or 365,710 shares. Ftb Advsrs last reported 108 shares in the company. Jpmorgan Chase reported 4.65 million shares or 0.02% of all its holdings. Moreover, Qs Investors Lc has 0% invested in Huntsman Corporation (NYSE:HUN) for 28 shares. Fincl Bank Of America Corp De last reported 0% of its portfolio in the stock. Kcg accumulated 0.04% or 128,755 shares. Murphy Cap has 0.05% invested in the company for 25,450 shares. Twin Mngmt Incorporated owns 66,860 shares or 0.07% of their US portfolio. Moreover, Wall Street Access Asset Mngmt Ltd Liability Corporation has 0.25% invested in Huntsman Corporation (NYSE:HUN) for 30,908 shares. Point72 Asset Mgmt Ltd Partnership holds 0.06% of its portfolio in Huntsman Corporation (NYSE:HUN) for 665,700 shares. Bancorporation Of Ny Mellon Corporation accumulated 1.29 million shares or 0.01% of the stock. The Minnesota-based Ameriprise has invested 0% in Huntsman Corporation (NYSE:HUN). Ladenburg Thalmann Financial Incorporated reported 53,723 shares or 0.01% of all its holdings.
Insider Transactions: Since November 4, 2016, the stock had 0 buys, and 1 insider sale for $10.36 million net activity. Another trade for 600,000 shares valued at $10.36M was made by Huntsman Jon M on Friday, November 4.
Huntsman Corporation is a manufacturer of differentiated organic chemical products and of inorganic chemical products. The company has a market cap of $4.62 billion. The Firm operates all of its businesses through its subsidiary, Huntsman International LLC . It has a 21.8 P/E ratio. It operates in five divisions: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments and Additives.
HUN Company Profile
Huntsman Corporation, incorporated on October 19, 2004, is a maker of differentiated organic chemical products and of inorganic chemical products. The Firm operates all of its businesses through its subsidiary, Huntsman International LLC (Huntsman International). The Firm operates in five divisions: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments and Additives. The Company’s Polyurethanes, Performance Products, Advanced Materials and Textile Effects divisions produce differentiated organic chemical products and its Pigments and Additives segment produces inorganic chemical products. The Company’s products consist of a range of chemicals and formulations, which the Company markets to consumer and industrial customers. The Company’s products are used in a range of applications, including those in the adhesives, aerospace, automotive, construction products, personal care and hygiene, durable and non-durable consumer products, electronics, medical, packaging, paints and coatings, power generation, refining, synthetic fiber, textile chemicals and dye industries. The Company’s product lines include methylene diphenyl diisocyanate (MDI), amines, surfactants, maleic anhydride, epoxy polymer formulations, textile chemicals, dyes, titanium dioxide and color pigments. The Firm produces differentiated organic and inorganic chemical products.
More news for Huntsman Corporation (NYSE:HUN) were recently published by: Prnewswire.com, which released: “Huntsman Officer Changes: J. Kimo Esplin Appointed Executive Vice President …” on November 11, 2016. Chron.com‘s article titled: “Huntsman Corp. shows off research facility in The Woodlands” and published on October 25, 2016 is yet another important article.
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