The Jefferies Group Brokers Reduce Earnings Estimates for Huntsman Corp. (HUN)

JP Morgan maintained Huntsman Corporation (NYSE:HUN) rating on Tuesday, October 20.

Several other institutional investors have also made changes to their positions in the business. OxFORD Asset Management LLP acquired a new position in shares of Huntsman Corporation in the 3rd quarter valued at $78,686,000. BlackRock Inc. now owns 10,242,161 shares of the basic materials company's stock valued at $251,343,000 after purchasing an additional 10,161,239 shares during the last quarter. Cadence Capital Management LLC acquired a new stake in shares of Huntsman Corporation during the 3rd quarter valued at about $1,529,000. Bronfman E.L. Rothschild L.P. lifted its position in shares of Huntsman Corporation by 0.4% during the second quarter. Creative Planning increased its stake in Huntsman 2.5% in the second quarter. The Mackenzie Financial Corp holds 88,920 shares with $2.30M value, down from 130,000 last quarter. Finally, First Mercantile Trust Co. increased its stake in Huntsman 2.0% in the third quarter. Hedge funds and other institutional investors own 74.47% of the company's stock.

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Mackenzie Financial Corp increased Shaw Communications Inc (NYSE:SJR) stake by 1.20 million shares to 5.27 million valued at $114.85 million in 2017Q2. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Huntsman Corporation (NYSE:HUN) Chairman Jon M. Huntsman sold 383,610 shares of the company's stock in a transaction on Monday, October 30th. The stock was sold at an average price of $31.58, for a total transaction of $12,114,403.80. Following the transaction, the vice president now directly owns 925,271 shares in the company, valued at $29,183,047.34. The disclosure for this sale can be found here.

The Stock had a 1 Consensus Analyst Recommendation 30 Days Ago, whereas 60 days ago and 90 days ago the analyst recommendations were 1.4 and 1.4 respectively. As per Tuesday, September 19, the company rating was maintained by Nomura. (NYSE:HUN) traded down 0.53% during mid-day trading on Tuesday, hitting $16.86. The Thompson Siegel & Walmsley Llc holds 3.78M shares with $24.72M value, down from 4.34 million last quarter. Market capitalization is calculated by multiplying a company's shares outstanding by the current market price of one share. Huntsman Corporation has a 52-week low of $17.98 and a 52-week high of $32.59. Alembic maintained Huntsman Corporation (NYSE:HUN) rating on Thursday, July 27. The basic materials company reported $0.67 EPS for the quarter, topping the Zacks' consensus estimate of $0.50 by $0.17.

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Muzinich & Company increased Monroe Capital Corp (NASDAQ:MRCC) stake by 126,196 shares to 801,138 valued at $12.20M in 2017Q2. Bank of America downgraded Martin Marietta Materials, Inc . (MLM) has risen 23.49% since November 13, 2016 and is uptrending.

Many analysts have provided their estimated foresights on Huntsman Corporation Earnings, with 9 analysts believing the company would generate an Average Estimate of $0.52. Huntsman Corporation had a net margin of 5.37% and a return on equity of 30.64%. The firm's revenue for the quarter was up 18.5% compared to the same quarter previous year. During the same quarter in the prior year, the firm earned $0.38 earnings per share.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be issued a $0.125 dividend. Its down 0.77, from 1.72 in 2017Q1. The ex-dividend date of this dividend is Thursday, December 14th. Huntsman Corporation (NYSE:HUN) has risen 91.88% since November 12, 2016 and is uptrending.

A number of brokerages have recently weighed in on HUN. BidaskClub cut shares of Huntsman Corporation from a "buy" rating to a "hold" rating in a research note on Monday, July 31st. KeyCorp reaffirmed a "buy" rating and set a $34.00 target price on shares of Huntsman Corporation in a research note on Tuesday, October 17th. They noted that the move was a valuation call. ValuEngine upgraded shares of Huntsman Corporation from a "buy" rating to a "strong-buy" rating in a report on Friday, September 1st.

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Some buy side analysts are also providing their Analysis on Huntsman Corporation, where 4 analysts have rated the stock as Strong buy, 6 analysts have given a Buy signal, 0 said it's a HOLD, 0 reported it as Underperform and 0 analysts rated the stock as Sell. Currently, the stock has a 1 Year Price Target of $37.1.

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