Is Selling Huntsman Corporation Here a Winning Strategy? Option Traders Hate The Stock

 Is Selling Huntsman Corporation Here a Winning Strategy? Option Traders Hate The Stock

In today’s session Huntsman Corporation (HUN) recorded an unusually high (505) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious HUN decrease. With 505 contracts traded and 2814 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: HUN161216P00019000 closed last at: $0.6 or 7.7% down. About 1.95 million shares traded hands. Huntsman Corporation (NYSE:HUN) has risen 29.49% since April 25, 2016 and is uptrending. It has outperformed by 23.48% the S&P500.

Analysts await Huntsman Corporation (NYSE:HUN) to report earnings on February, 9. They expect $0.25 earnings per share, down 50.98% or $0.26 from last year’s $0.51 per share. HUN’s profit will be $59.29 million for 18.47 P/E if the $0.25 EPS becomes a reality. After $0.38 actual earnings per share reported by Huntsman Corporation for the previous quarter, Wall Street now forecasts -34.21% negative EPS growth.

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. Huntsman Corporation has been the topic of 12 analyst reports since August 3, 2015 according to StockzIntelligence Inc. Monness Crespi & Hardt maintained the stock with “Buy” rating in Tuesday, September 29 report. The firm earned “Buy” rating on Tuesday, August 11 by TheStreet. The firm earned “Neutral” rating on Tuesday, October 20 by JP Morgan. Goldman Sachs downgraded the stock to “Conviction-Buy” rating in Monday, August 17 report. As per Thursday, October 15, the company rating was maintained by KeyBanc Capital Markets. The rating was maintained by Macquarie Research with “Outperform” on Tuesday, September 29. The stock of Huntsman Corporation (NYSE:HUN) earned “Buy” rating by Nomura on Tuesday, May 3.

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 decreased to 1.1 in Q2 2016. Its down 0.03, from 1.13 in 2016Q1. The ratio is negative, 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.
Systematic Mngmt Limited Partnership holds 0.02% of its portfolio in Huntsman Corporation (NYSE:HUN) for 121,400 shares. Moreover, Adirondack Mngmt Incorporated has 0.11% invested in Huntsman Corporation (NYSE:HUN) for 22,275 shares. Point72 Asia (Hong Kong) last reported 0.08% of its portfolio in the stock. Moreover, Horizon Kinetics Limited Com has 0.01% invested in Huntsman Corporation (NYSE:HUN) for 27,653 shares. Kcg holds 128,755 shares or 0.04% of its portfolio. Karp Capital Mgmt reported 11,895 shares or 0.11% of all its holdings. Panagora Asset Mgmt owns 17,747 shares or 0% of their US portfolio. The Manitoba – Canada-based Ig Investment Management Ltd has invested 0.01% in Huntsman Corporation (NYSE:HUN). Highbridge Cap Ltd Com owns 47,554 shares or 0.01% of their US portfolio. Carl Domino Inc owns 135,235 shares or 1.7% of their US portfolio. Keeley Asset Corp last reported 412,109 shares in the company. Amer Intll Group Inc Inc has invested 0% of its portfolio in Huntsman Corporation (NYSE:HUN). Winslow Evans And Crocker Inc accumulated 0% or 700 shares. Point72 Asset Lp reported 665,700 shares or 0.06% of all its holdings. Brandywine Invest Mngmt Ltd Company accumulated 0.05% or 553,434 shares.

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 $10.36 million was sold by Huntsman Jon M.

Huntsman Corporation is a manufacturer of differentiated organic chemical products and of inorganic chemical products. The company has a market cap of $4.38 billion. The Firm operates all of its businesses through its subsidiary, Huntsman International LLC . It has a 21.55 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. Patch.com‘s article titled: “Local Leaders Get Exclusive Tour of Huntsman Corp Research Facility” and published on November 01, 2016 is yet another important article.

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