Tipp Hill Capital Management Exits Position in Huntsman Corporation (HUN)

Huntsman Corporation (HUN) : Tipp Hill Capital Management has sold out all of its stake in Huntsman Corporation during the most recent quarter, according to the disclosure filed by the company on Aug 3, 2016 with the SEC. The investment management company has sold out 200,000 shares of Huntsman Corporation which is valued at $3,076,000.

Other Hedge Funds, Including , Cadence Capital Management boosted its stake in HUN in the latest quarter, The investment management firm added 2,330 additional shares and now holds a total of 44,215 shares of Huntsman Corporation which is valued at $680,027. Huntsman Corporation makes up approx 0.05% of Cadence Capital Management’s portfolio. Investors Capital Advisory Services sold out all of its stake in HUN during the most recent quarter. The investment firm sold 11,325 shares of HUN which is valued $174,179.Huntington National Bank reduced its stake in HUN by selling 264 shares or 42.51% in the most recent quarter. The Hedge Fund company now holds 357 shares of HUN which is valued at $5,573.Kanaly Trust Co boosted its stake in HUN in the latest quarter, The investment management firm added 48 additional shares and now holds a total of 1,035 shares of Huntsman Corporation which is valued at $16,343.Murphy Capital Management Inc reduced its stake in HUN by selling 6,850 shares or 21.21% in the most recent quarter. The Hedge Fund company now holds 25,450 shares of HUN which is valued at $406,437. Huntsman Corporation makes up approx 0.06% of Murphy Capital Management Inc’s portfolio.

Huntsman Corporation opened for trading at $15.95 and hit $16.56 on the upside on Monday, eventually ending the session at $16.52, with a gain of 4.16% or 0.66 points. The heightened volatility saw the trading volume jump to 31,43,627 shares. Company has a market cap of $3,934 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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