Bronson Point Management adds Huntsman Corporation (HUN) to its portfolio

Huntsman Corporation (HUN) : Bronson Point Management added new position in Huntsman Corporation during the most recent quarter end. The investment management firm now holds 400,000 shares of Huntsman Corporation which is valued at $6,564,000 , the company said in a statement filed on Aug 15, 2016 with the SEC.Huntsman Corporation makes up approximately 2.05% of Bronson Point Management’s portfolio.

Other Hedge Funds, Including , Mork Capital Management reduced its stake in HUN by selling 20,000 shares or 17.24% in the most recent quarter. The Hedge Fund company now holds 96,000 shares of HUN which is valued at $1,575,360. Huntsman Corporation makes up approx 1.25% of Mork Capital Management’s portfolio.Edge Asset Management Inc reduced its stake in HUN by selling 589,540 shares or 21.75% in the most recent quarter. The Hedge Fund company now holds 2,121,278 shares of HUN which is valued at $35,043,513. Huntsman Corporation makes up approx 0.30% of Edge Asset Management Inc’s portfolio.Oregon Public Employees Retirement Fund boosted its stake in HUN in the latest quarter, The investment management firm added 4,600 additional shares and now holds a total of 35,023 shares of Huntsman Corporation which is valued at $538,654. Huntsman Corporation makes up approx 0.01% of Oregon Public Employees Retirement Fund’s portfolio.

Huntsman Corporation closed down -0.19 points or -1.09% at $17.26 with 3,786,841 shares getting traded on Wednesday. Post opening the session at $17.33, the shares hit an intraday low of $17.13 and an intraday high of $17.56 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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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