Westchester Capital Management LLC Has Trimmed Holding in Huntsman Corporation (HUN) by $10.43 Million

February 15, 2018 - By Migdalia James

Investors sentiment decreased to 0.91 in 2017 Q3. Its down 0.15, from 1.06 in 2017Q2. It dropped, as 31 investors sold HUN shares while 112 reduced holdings. 48 funds opened positions while 82 raised stakes. 159.36 million shares or 0.11% more from 159.18 million shares in 2017Q2 were reported. 96,368 are owned by Neuberger Berman Group Incorporated Limited Company. Federated Invsts Pa has invested 0.01% in Huntsman Corporation (NYSE:HUN). Canada Pension Plan Invest Board holds 0.02% of its portfolio in Huntsman Corporation (NYSE:HUN) for 290,000 shares. One National Association, New York-based fund reported 70,057 shares. Regions Financial Corp owns 25,252 shares. Bancshares Of Montreal Can holds 0.01% or 520,979 shares in its portfolio. Profund Ltd Co invested 0.01% of its portfolio in Huntsman Corporation (NYSE:HUN). Tiaa Cref Investment Management Limited Co accumulated 2.42M shares. Northern Corp holds 1.16 million shares. Pacific Alternative Asset Limited Com stated it has 119,233 shares. The United Kingdom-based Gsa Cap Prns Ltd Liability Partnership has invested 0.06% in Huntsman Corporation (NYSE:HUN). M&T Bankshares Corporation owns 11,462 shares. Exane Derivatives holds 540 shares. P Schoenfeld Asset Ltd Partnership reported 0.62% of its portfolio in Huntsman Corporation (NYSE:HUN). Deutsche Bankshares Ag reported 3.30M shares stake.

Westchester Capital Management Llc decreased its stake in Huntsman Corporation (HUN) by 9.79% based on its latest 2017Q3 regulatory filing with the SEC. Westchester Capital Management Llc sold 386,300 shares as the company’s stock rose 25.16% with the market. The institutional investor held 3.56 million shares of the major chemicals company at the end of 2017Q3, valued at $97.66 million, down from 3.95 million at the end of the previous reported quarter. Westchester Capital Management Llc who had been investing in Huntsman Corporation for a number of months, seems to be less bullish one the $7.78 billion market cap company. The stock decreased 1.19% or $0.39 during the last trading session, reaching $32.43. About 1.23 million shares traded. Huntsman Corporation (NYSE:HUN) has risen 91.88% since February 15, 2017 and is uptrending. It has outperformed by 75.18% the S&P500.

Westchester Capital Management Llc, which manages about $5.44 billion and $3.17B US Long portfolio, upped its stake in Johnson Controls International Plc (Put) by 245,200 shares to 362,200 shares, valued at $14.59 million in 2017Q3, according to the filing. It also increased its holding in Spdr S&P 500 Etf Tr (Call) (SPY) by 460,000 shares in the quarter, for a total of 760,000 shares, and has risen its stake in C.R. Bard Inc. (NYSE:BCR).

Analysts await Huntsman Corporation (NYSE:HUN) to report earnings on February, 21. They expect $0.63 earnings per share, up 110.00 % or $0.33 from last year’s $0.3 per share. HUN’s profit will be $151.20M for 12.87 P/E if the $0.63 EPS becomes a reality. After $0.67 actual earnings per share reported by Huntsman Corporation for the previous quarter, Wall Street now forecasts -5.97 % negative EPS growth.

More recent Huntsman Corporation (NYSE:HUN) news were published by: Seekingalpha.com which released: “Huntsman-Clariant: ‘Activist’ Investors Torpedo Deal, Then Sell” on February 03, 2018. Also Twst.com published the news titled: “Huntsman Corporation: Huntsman Raises Fourth Quarter 2017 Expectations Results …” on January 25, 2018. Prnewswire.com‘s news article titled: “Jon M. Huntsman, Founder of Huntsman Corporation, Dies at Age 80” with publication date: February 02, 2018 was also an interesting one.

Huntsman Corporation (NYSE:HUN) Ratings Coverage

Among 13 analysts covering Huntsman Corporation (NYSE:HUN), 12 have Buy rating, 0 Sell and 1 Hold. Therefore 92% are positive. Huntsman Corporation had 38 analyst reports since August 3, 2015 according to SRatingsIntel. The stock of Huntsman Corporation (NYSE:HUN) earned “Buy” rating by KeyBanc Capital Markets on Friday, September 1. The firm has “Buy” rating by UBS given on Monday, October 30. The rating was maintained by Jefferies with “Buy” on Friday, April 28. The rating was downgraded by Goldman Sachs to “Neutral” on Monday, December 12. Jefferies maintained the stock with “Buy” rating in Tuesday, October 17 report. KeyBanc Capital Markets maintained it with “Buy” rating and $42.0 target in Monday, February 12 report. J.P. Morgan upgraded Huntsman Corporation (NYSE:HUN) rating on Wednesday, December 13. J.P. Morgan has “Buy” rating and $36.0 target. Alembic maintained it with “Buy” rating and $2800 target in Monday, June 5 report. The rating was maintained by UBS with “Buy” on Tuesday, September 19. SunTrust maintained the shares of HUN in report on Friday, October 27 with “Buy” rating.

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