Scopia Capital Management Lp buys $242,990,533 stake in Huntsman Corporation (HUN)

Huntsman Corporation (HUN) : Scopia Capital Management Lp scooped up 4,210,142 additional shares in Huntsman Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 14,807,467 shares of Huntsman Corporation which is valued at $242,990,533.Huntsman Corporation makes up approximately 4.87% of Scopia Capital Management Lp’s portfolio.

Other Hedge Funds, Including , Lpl Financial reduced its stake in HUN by selling 50,006 shares or 60.95% in the most recent quarter. The Hedge Fund company now holds 32,034 shares of HUN which is valued at $525,678.Prudential Plc reduced its stake in HUN by selling 70,000 shares or 12.73% in the most recent quarter. The Hedge Fund company now holds 480,000 shares of HUN which is valued at $7,876,800. Huntsman Corporation makes up approx 0.03% of Prudential Plc’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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *