Mork Capital Management buys $1.6 Million stake in Huntsman Corporation (HUN)

Huntsman Corporation (HUN) : Mork Capital Management scooped up 56,000 additional shares in Huntsman Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 116,000 shares of Huntsman Corporation which is valued at $1.6 Million.Huntsman Corporation makes up approximately 1.73% of Mork Capital Management’s portfolio.

Other Hedge Funds, Including , Dimensional Fund Advisors Lp boosted its stake in HUN in the latest quarter, The investment management firm added 628,629 additional shares and now holds a total of 4,667,364 shares of Huntsman Corporation which is valued at $64.7 Million. Huntsman Corporation makes up approx 0.04% of Dimensional Fund Advisors Lp’s portfolio.Boston Partners reduced its stake in HUN by selling 4,359,389 shares or 29.74% in the most recent quarter. The Hedge Fund company now holds 10,298,119 shares of HUN which is valued at $142.8 Million. Huntsman Corporation makes up approx 0.21% of Boston Partners’s portfolio. Horizon Investments sold out all of its stake in HUN during the most recent quarter. The investment firm sold 10,158 shares of HUN which is valued $140,891. Tfs Capital added HUN to its portfolio by purchasing 29,353 company shares during the most recent quarter which is valued at $407,126. Huntsman Corporation makes up approx 0.06% of Tfs Capital’s portfolio.Cambridge Investment Research Advisors reduced its stake in HUN by selling 417 shares or 2.38% in the most recent quarter. The Hedge Fund company now holds 17,128 shares of HUN which is valued at $254,180. Huntsman Corporation makes up approx 0.01% of Cambridge Investment Research Advisors’s portfolio.

Huntsman Corporation opened for trading at $14.65 and hit $15.24 on the upside on Wednesday, eventually ending the session at $15.16, with a gain of 4.48% or 0.65 points. The heightened volatility saw the trading volume jump to 25,52,010 shares. Company has a market cap of $3,611 M.

On the company’s financial health, Huntsman Corporation reported $0.37 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.27. The company had revenue of $2355.00 million for the quarter, compared to analysts expectations of $2378.98 million. The company’s revenue was down -9.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.40 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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