Mirae Asset Global Investments Co. Ltd. Purchases 19,601 Shares of Huntsman Co. (NYSE:HUN)

Mirae Asset Global Investments Co. Ltd. grew its position in shares of Huntsman Co. (NYSE:HUN) by 20.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 117,704 shares of the basic materials company’s stock after acquiring an additional 19,601 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 0.07% of Huntsman worth $2,093,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the company. R Squared Ltd acquired a new position in Huntsman during the fourth quarter worth $40,000. True Wealth Design LLC acquired a new stake in shares of Huntsman in the 3rd quarter worth about $62,000. Capital Performance Advisors LLP bought a new position in Huntsman in the 3rd quarter valued at about $78,000. KBC Group NV boosted its stake in Huntsman by 95.3% during the 4th quarter. KBC Group NV now owns 9,232 shares of the basic materials company’s stock valued at $166,000 after purchasing an additional 4,506 shares during the last quarter. Finally, Matrix Trust Co increased its holdings in Huntsman by 853.7% during the 4th quarter. Matrix Trust Co now owns 9,661 shares of the basic materials company’s stock worth $174,000 after purchasing an additional 8,648 shares in the last quarter. 84.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

HUN has been the topic of several analyst reports. Wells Fargo & Company cut their target price on Huntsman from $26.00 to $25.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 6th. UBS Group reduced their target price on shares of Huntsman from $24.00 to $23.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. Alembic Global Advisors lowered shares of Huntsman from an “overweight” rating to a “neutral” rating in a research report on Wednesday, January 15th. Royal Bank of Canada reduced their price objective on shares of Huntsman from $23.00 to $20.00 and set a “sector perform” rating for the company in a research report on Thursday, December 19th. Finally, Mizuho dropped their target price on shares of Huntsman from $23.00 to $21.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $22.63.

Huntsman Trading Down 0.3 %

Shares of HUN stock opened at $16.98 on Tuesday. The company has a quick ratio of 0.83, a current ratio of 1.47 and a debt-to-equity ratio of 0.45. The firm has a market cap of $2.94 billion, a P/E ratio of -24.60 and a beta of 0.95. The business has a 50-day moving average price of $17.83 and a two-hundred day moving average price of $20.42. Huntsman Co. has a 12-month low of $15.67 and a 12-month high of $27.01.

Huntsman Profile

Huntsman Corporation manufactures and sells diversified organic chemical products worldwide. The company operates in three segments: Polyurethanes, Performance Products, and Advanced Materials. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyether and polyester polyols, and thermoplastic polyurethane; and aniline, benzene, nitrobenzene and other co-products.