Lapides Asset Management Lowers stake in Huntsman Corporation (HUN)

Huntsman Corporation (HUN) : Lapides Asset Management reduced its stake in Huntsman Corporation by 9.45% during the most recent quarter end. The investment management company now holds a total of 1,846,400 shares of Huntsman Corporation which is valued at $30,594,848 after selling 192,600 shares in Huntsman Corporation , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Huntsman Corporation makes up approximately 5.03% of Lapides Asset Management’s portfolio.

Other Hedge Funds, Including , Los Angeles Capital Management Equity Research Inc boosted its stake in HUN in the latest quarter, The investment management firm added 126,390 additional shares and now holds a total of 228,323 shares of Huntsman Corporation which is valued at $3,783,312. Huntsman Corporation makes up approx 0.03% of Los Angeles Capital Management Equity Research Inc’s portfolio.Wilen Investment Management Corp. boosted its stake in HUN in the latest quarter, The investment management firm added 9,000 additional shares and now holds a total of 319,668 shares of Huntsman Corporation which is valued at $4,916,494. Huntsman Corporation makes up approx 3.05% of Wilen Investment Management Corp.’s portfolio. Sigma Planning Corp sold out all of its stake in HUN during the most recent quarter. The investment firm sold 86,488 shares of HUN which is valued $1,365,646.

Huntsman Corporation opened for trading at $16.51 and hit $17.15 on the upside on Monday, eventually ending the session at $17.11, with a gain of 4.27% or 0.7 points. The heightened volatility saw the trading volume jump to 22,14,636 shares. Company has a market cap of $4,075 M.

On the company’s financial health, Huntsman Corporation reported $0.53 EPS for the quarter, based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus estimate of $0.53. The company had revenue of $2544.00 million for the quarter, compared to analysts expectations of $2591.49 million. The company’s revenue was down -7.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.63 EPS.

Huntsman Corporation (Huntsman) is a manufacturer of differentiated organic chemical products and of inorganic chemical products. The Company is also engaged in performance additives and titanium dioxide business. The Company also offers titanium dioxide a white pigment derived from titanium bearing ores; functional additives made from barium and zinc-based inorganics; color pigments made from synthetic iron-oxide and other inorganic pigments; timber treatment wood protection chemicals; water treatment products and specialty automotive molded components. The Company operates in five segments: Polyurethanes Performance Products Advanced Materials Textile Effects and Pigments and Additives. Its products are used in a range of applications including those in the adhesives aerospace automotive construction products personal care and hygiene durable and non-durable consumer products electronics medical packaging and paints and coatings.

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