Mork Capital Management Lowers stake in Huntsman Corporation (HUN)

Huntsman Corporation (HUN) : Mork Capital Management reduced its stake in Huntsman Corporation by 17.24% during the most recent quarter end. The investment management company now holds a total of 96,000 shares of Huntsman Corporation which is valued at $1,575,360 after selling 20,000 shares in Huntsman Corporation , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Huntsman Corporation makes up approximately 1.25% of Mork Capital Management’s portfolio.

Other Hedge Funds, Including , Scopia Capital Management Lp boosted its stake in HUN in the latest quarter, The investment management firm added 4,210,142 additional shares and now holds a total of 14,807,467 shares of Huntsman Corporation which is valued at $242,990,533. Huntsman Corporation makes up approx 4.87% of Scopia Capital Management Lp’s portfolio.Citadel Advisors reduced its stake in HUN by selling 31,222 shares or 32.16% in the most recent quarter. The Hedge Fund company now holds 65,875 shares of HUN which is valued at $1,081,009.Blackrock Institutional Trust Company N.a. boosted its stake in HUN in the latest quarter, The investment management firm added 33,918 additional shares and now holds a total of 5,001,206 shares of Huntsman Corporation which is valued at $82,069,790. Huntsman Corporation makes up approx 0.01% of Blackrock Institutional Trust Company N.a.’s portfolio.Twin Capital Management Inc reduced its stake in HUN by selling 28,940 shares or 30.21% in the most recent quarter. The Hedge Fund company now holds 66,860 shares of HUN which is valued at $1,107,870. Huntsman Corporation makes up approx 0.08% of Twin Capital Management Inc’s portfolio. Traynor Capital Management added HUN to its portfolio by purchasing 13,203 company shares during the most recent quarter which is valued at $206,099. Huntsman Corporation makes up approx 0.15% of Traynor Capital Management’s portfolio.

Huntsman Corporation closed down -0.12 points or -0.69% at $17.17 with 37,30,675 shares getting traded on Thursday. Post opening the session at $17.35, the shares hit an intraday low of $16.935 and an intraday high of $17.46 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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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