Is Huntsman Corporation (HUN) A Good Stock To Buy?

Consequently, some big names have jumped into Huntsman Corporation (NYSE:HUN) headfirst. Renaissance Technologies, managed by Jim Simons, established the biggest position in Huntsman Corporation (NYSE:HUN). Renaissance Technologies had $12.5 million invested in the company at the end of the quarter. Howard Guberman’s Gruss Asset Management also initiated a $9.7 million position during the quarter. The other funds with brand new HUN positions are Don Morgan’s Brigade Capital, David Costen Haley’s HBK Investments, and Malcolm Fairbairn’s Ascend Capital.

Let’s check out hedge fund activity in other stocks – not necessarily in the same industry as Huntsman Corporation (NYSE:HUN) but similarly valued. We will take a look at Nu Skin Enterprises, Inc. (NYSE:NUS), Big Lots, Inc. (NYSE:BIG), CLARCOR Inc. (NYSE:CLC), and Prestige Brands Holdings, Inc. (NYSE:PBH). All of these stocks’ market caps match HUN’s market cap.

As you can see these stocks had an average of 18.5 hedge funds with bullish positions and the average amount invested in these stocks was $189 million. That figure was $465 million in HUN’s case. Nu Skin Enterprises, Inc. (NYSE:NUS) is the most popular stock in this table. On the other hand Prestige Brands Holdings, Inc. (NYSE:PBH) is the least popular one with only 12 bullish hedge fund positions. Compared to these stocks Huntsman Corporation (NYSE:HUN) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.