Pinebridge Investments L.P. grew its position in shares of Huntsman Co. (NYSE:HUN) by 3,647.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 71,200 shares of the basic materials company’s stock after acquiring an additional 69,300 shares during the quarter. Pinebridge Investments L.P.’s holdings in Huntsman were worth $2,370,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC bought a new position in Huntsman in the 2nd quarter worth $1,297,000. State Street Corp raised its holdings in Huntsman by 3.0% in the 2nd quarter. State Street Corp now owns 2,842,796 shares of the basic materials company’s stock worth $73,459,000 after purchasing an additional 82,951 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Huntsman by 9.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,281 shares of the basic materials company’s stock worth $188,000 after purchasing an additional 610 shares during the period. First Trust Advisors LP raised its holdings in Huntsman by 19.4% in the 3rd quarter. First Trust Advisors LP now owns 286,479 shares of the basic materials company’s stock worth $7,855,000 after purchasing an additional 46,592 shares during the period. Finally, Regentatlantic Capital LLC bought a new position in Huntsman in the 3rd quarter worth $237,000. 79.46% of the stock is currently owned by hedge funds and other institutional investors.
In other Huntsman news, major shareholder Corp Huntsman sold 1,948,955 shares of the stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $21.66, for a total value of $42,214,365.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Anthony P. Hankins sold 100,000 shares of the stock in a transaction on Thursday, December 28th. The stock was 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 a total of 24,154,548 shares of company stock valued at $527,750,108 in the last quarter. 19.00% of the stock is currently owned by company insiders.
A number of equities analysts recently commented on the company. KeyCorp raised their target price on Huntsman from $37.00 to $42.00 and gave the stock an “overweight” rating in a report on Tuesday, February 13th. Tudor Pickering assumed coverage on Huntsman in a report on Friday, January 19th. They issued a “buy” rating on the stock. ValuEngine cut Huntsman from a “strong-buy” rating to a “buy” rating in a report on Friday, December 15th. UBS Group raised their target price on Huntsman from $32.00 to $35.00 and gave the stock a “buy” rating in a report on Monday, October 30th. Finally, Goldman Sachs Group reaffirmed a “hold” rating and issued a $36.00 target price on shares of Huntsman in a report on Monday, December 4th. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $34.67.
COPYRIGHT VIOLATION NOTICE: “Huntsman Co. (HUN) Shares Bought by Pinebridge Investments L.P.” was reported by Community Financial News and is owned by of Community Financial News. If you are viewing this piece on another website, it was stolen and reposted in violation of US and international copyright laws. The correct version of this piece can be accessed at https://www.com-unik.info/2018/02/21/huntsman-co-hun-shares-bought-by-pinebridge-investments-l-p.html.
Huntsman Company Profile
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.
Want to see what other hedge funds are holding HUN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Huntsman Co. (NYSE:HUN).
Receive News & Ratings for Huntsman Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huntsman and related companies with MarketBeat.com's FREE daily email newsletter.