Nicholas Investment Partners Lp adds Huntsman Corporation (HUN) to its portfolio

Huntsman Corporation (HUN) : Nicholas Investment Partners Lp added new position in Huntsman Corporation during the most recent quarter end. The investment management firm now holds 614,520 shares of Huntsman Corporation which is valued at $10,084,273 , the company said in a statement filed on Aug 12, 2016 with the SEC.Huntsman Corporation makes up approximately 0.87% of Nicholas Investment Partners Lp’s portfolio.

Other Hedge Funds, Including , Menta Capital sold out all of its stake in HUN during the most recent quarter. The investment firm sold 14,421 shares of HUN which is valued $236,649.State Board Of Administration Of Florida Retirement System boosted its stake in HUN in the latest quarter, The investment management firm added 83,484 additional shares and now holds a total of 347,509 shares of Huntsman Corporation which is valued at $5,511,493. Huntsman Corporation makes up approx 0.02% of State Board Of Administration Of Florida Retirement System’s portfolio.Towle Co boosted its stake in HUN in the latest quarter, The investment management firm added 8,540 additional shares and now holds a total of 1,414,352 shares of Huntsman Corporation which is valued at $21,752,734. Huntsman Corporation makes up approx 3.81% of Towle Co’s portfolio. First New York Securities Ny sold out all of its stake in HUN during the most recent quarter. The investment firm sold 300 shares of HUN which is valued $4,683. Achievement Holdings sold out all of its stake in HUN during the most recent quarter. The investment firm sold 29,400 shares of HUN which is valued $458,934.

Huntsman Corporation opened for trading at $16.92 and hit $17.55 on the upside on Monday, eventually ending the session at $17.52, with a gain of 3.18% or 0.54 points. The heightened volatility saw the trading volume jump to 21,73,435 shares. Company has a market cap of $4,173 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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