Shay Capital LLC Makes New Investment in Huntsman Co. (NYSE:HUN)

Shay Capital LLC acquired a new position in shares of Huntsman Co. (NYSE:HUN - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 28,450 shares of the basic materials company's stock, valued at approximately $513,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of Huntsman by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 16,482,011 shares of the basic materials company's stock worth $297,171,000 after buying an additional 130,702 shares during the period. Northern Trust Corp boosted its position in Huntsman by 14.2% during the 4th quarter. Northern Trust Corp now owns 1,009,093 shares of the basic materials company's stock worth $18,194,000 after acquiring an additional 125,595 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Huntsman by 6.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,686,557 shares of the basic materials company's stock worth $102,529,000 after purchasing an additional 349,502 shares in the last quarter. Madison Investment Advisors LLC acquired a new position in shares of Huntsman during the fourth quarter valued at $1,338,000. Finally, Icon Advisers Inc. Co. increased its holdings in shares of Huntsman by 86.3% during the fourth quarter. Icon Advisers Inc. Co. now owns 136,000 shares of the basic materials company's stock valued at $2,452,000 after purchasing an additional 63,000 shares during the period. 84.81% of the stock is owned by institutional investors and hedge funds.

Huntsman Price Performance

Shares of NYSE HUN traded down $0.19 during mid-day trading on Thursday, reaching $11.53. The company had a trading volume of 840,493 shares, compared to its average volume of 3,604,962. The company has a 50-day moving average price of $13.74 and a two-hundred day moving average price of $16.62. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.48. The stock has a market cap of $2.00 billion, a PE ratio of -10.48 and a beta of 0.82. Huntsman Co. has a 1-year low of $11.15 and a 1-year high of $25.56.

Huntsman (NYSE:HUN - Get Free Report) last released its earnings results on Thursday, May 1st. The basic materials company reported ($0.11) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.11). The company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.51 billion. Huntsman had a negative return on equity of 0.39% and a negative net margin of 3.13%. The company's revenue for the quarter was down 4.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.06) earnings per share. On average, equities analysts anticipate that Huntsman Co. will post 0.32 earnings per share for the current year.

Huntsman Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.00 dividend on an annualized basis and a yield of 8.67%. Huntsman's payout ratio is -109.89%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on HUN shares. Morgan Stanley decreased 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 report on Monday, May 5th. Royal Bank of Canada decreased their price objective on shares of Huntsman from $15.00 to $12.00 and set a "sector perform" rating for the company in a report on Monday, May 5th. Citigroup lowered their price objective on shares of Huntsman from $19.00 to $14.00 and set a "neutral" rating on the stock in a research note on Friday, April 4th. UBS Group dropped their target price on Huntsman from $18.00 to $13.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Finally, JPMorgan Chase & Co. decreased their price target on Huntsman from $22.00 to $20.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Huntsman has an average rating of "Hold" and an average target price of $15.00.

Huntsman Profile

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.