Shay Capital LLC bought a new stake in shares of Huntsman Co. (NYSE:HUN - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 28,450 shares of the basic materials company's stock, valued at approximately $513,000.
A number of other institutional investors have also recently made changes to their positions in the business. R Squared Ltd acquired a new stake in Huntsman in the 4th quarter worth about $40,000. Quadrant Capital Group LLC raised its position in Huntsman by 74.9% in the fourth quarter. Quadrant Capital Group LLC now owns 2,232 shares of the basic materials company's stock valued at $40,000 after purchasing an additional 956 shares during the period. Aster Capital Management DIFC Ltd purchased a new stake in Huntsman in the fourth quarter valued at approximately $60,000. Quarry LP purchased a new stake in Huntsman in the fourth quarter valued at approximately $65,000. Finally, Signaturefd LLC increased its position in shares of Huntsman by 174.5% during the fourth quarter. Signaturefd LLC now owns 4,386 shares of the basic materials company's stock worth $79,000 after acquiring an additional 2,788 shares during the period. Institutional investors and hedge funds own 84.81% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on the company. StockNews.com raised Huntsman from a "sell" rating to a "hold" rating in a research report on Tuesday, May 13th. UBS Group cut their price objective on Huntsman from $18.00 to $13.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. Morgan Stanley lowered their target price on shares of Huntsman from $20.00 to $13.50 and set an "equal weight" rating for the company in a research note on Monday, May 5th. Wells Fargo & Company downgraded shares of Huntsman from an "overweight" rating to a "reduce" rating in a research note on Monday, May 5th. Finally, Bank of America downgraded shares of Huntsman from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $22.00 to $15.00 in a research note on Tuesday, April 15th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $15.00.
View Our Latest Stock Analysis on HUN
Huntsman Stock Performance
Shares of HUN traded down $0.23 during mid-day trading on Tuesday, hitting $12.19. 3,457,448 shares of the company's stock were exchanged, compared to its average volume of 2,594,497. Huntsman Co. has a fifty-two week low of $11.15 and a fifty-two week high of $25.78. The firm has a market capitalization of $2.12 billion, a P/E ratio of -11.08 and a beta of 0.82. The business's 50 day moving average is $13.86 and its two-hundred day moving average is $16.65. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.48.
Huntsman (NYSE:HUN - Get Free Report) last announced its earnings results on Thursday, May 1st. The basic materials company reported ($0.11) earnings per share for the quarter, hitting the consensus estimate of ($0.11). Huntsman had a negative net margin of 3.13% and a negative return on equity of 0.39%. The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the prior year, the firm earned ($0.06) earnings per share. The business's quarterly revenue was down 4.1% compared to the same quarter last year. On average, equities analysts expect that Huntsman Co. will post 0.32 earnings per share for the current year.
Huntsman Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.00 annualized dividend and a yield of 8.20%. Huntsman's dividend payout ratio is currently -109.89%.
About Huntsman
(
Free Report)
Huntsman Corporation manufactures and sells diversified organic chemical products worldwide. The company operates in three segments: Polyurethanes, Performance Products, and Advanced Materials. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyether and polyester polyols, and thermoplastic polyurethane; and aniline, benzene, nitrobenzene and other co-products.
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