Aperio Group LLC trimmed its position in shares of Huntsman Co. (NYSE:HUN) by 4.2% during the fourth quarter, HoldingsChannel reports. The firm owned 78,466 shares of the basic materials company’s stock after selling 3,453 shares during the quarter. Aperio Group LLC’s holdings in Huntsman were worth $2,612,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the business. Assetmark Inc. raised its stake in shares of Huntsman by 1,658.4% in the third quarter. Assetmark Inc. now owns 3,974 shares of the basic materials company’s stock valued at $109,000 after acquiring an additional 3,748 shares in the last quarter. Cerebellum GP LLC acquired a new stake in shares of Huntsman in the fourth quarter valued at $128,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Huntsman in the fourth quarter valued at $133,000. The Manufacturers Life Insurance Company raised its stake in shares of Huntsman by 9.1% in the second quarter. The Manufacturers Life Insurance Company now owns 7,281 shares of the basic materials company’s stock valued at $188,000 after acquiring an additional 610 shares in the last quarter. Finally, Cypress Capital Management LLC WY acquired a new stake in shares of Huntsman in the fourth quarter valued at $211,000. Institutional investors own 79.46% of the company’s stock.
Several brokerages have recently issued reports on HUN. KeyCorp increased their price objective on Huntsman from $37.00 to $42.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. Tudor Pickering began coverage on Huntsman in a research note on Friday, January 19th. They issued a “buy” rating on the stock. ValuEngine upgraded Huntsman from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd. UBS Group increased their price objective on Huntsman from $32.00 to $35.00 and gave the company a “buy” rating in a research note on Monday, October 30th. Finally, Goldman Sachs Group reiterated a “hold” rating and issued a $36.00 price objective on shares of Huntsman in a research note on Monday, December 4th. Two equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $34.67.
In related news, major shareholder Corp Huntsman sold 21,764,800 shares of the stock in a transaction on Monday, December 4th. The stock was sold at an average price of $21.66, for a total value of $471,425,568.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Anthony P. Hankins sold 100,000 shares of the stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $33.24, for a total value of $3,324,000.00. The disclosure for this sale can be found here. Insiders sold 24,154,548 shares of company stock worth $527,750,108 in the last three months. 19.00% of the stock is currently owned by corporate insiders.
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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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