Algert Global LLC Buys 108,121 Shares of Huntsman Co. (NYSE:HUN)

Algert Global LLC grew its position in shares of Huntsman Co. (NYSE:HUN - Free Report) by 17.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 739,687 shares of the basic materials company's stock after purchasing an additional 108,121 shares during the quarter. Algert Global LLC owned approximately 0.43% of Huntsman worth $13,337,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. R Squared Ltd bought a new stake in Huntsman during the 4th quarter valued at $40,000. Quadrant Capital Group LLC raised its holdings 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 worth $40,000 after purchasing an additional 956 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new stake in shares of Huntsman in the 4th quarter worth approximately $60,000. Quarry LP bought a new position in shares of Huntsman during the fourth quarter valued at $65,000. Finally, Signaturefd LLC lifted its stake in shares of Huntsman by 174.5% in the fourth quarter. Signaturefd LLC now owns 4,386 shares of the basic materials company's stock worth $79,000 after buying an additional 2,788 shares in the last quarter. Institutional investors own 84.81% of the company's stock.

Huntsman Price Performance

Shares of NYSE HUN traded down $0.19 during mid-day trading on Wednesday, hitting $11.21. 4,568,863 shares of the company's stock traded hands, compared to its average volume of 2,503,365. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.36 and a quick ratio of 0.83. Huntsman Co. has a 1 year low of $11.15 and a 1 year high of $25.78. The company has a market capitalization of $1.95 billion, a P/E ratio of -10.19 and a beta of 0.82. The company's 50-day moving average is $14.67 and its two-hundred day moving average is $17.31.

Huntsman (NYSE:HUN - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The basic materials company reported ($0.11) EPS for the quarter, meeting 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 company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the prior year, the firm posted ($0.06) EPS. The firm's revenue was down 4.1% compared to the same quarter last year. On average, equities analysts anticipate that Huntsman Co. will post 0.32 EPS for the current fiscal year.

Huntsman Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid 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 8.92%. Huntsman's payout ratio is -109.89%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on HUN shares. Alembic Global Advisors lowered shares of Huntsman from an "overweight" rating to a "neutral" rating in a report on Wednesday, January 15th. Royal Bank of Canada cut their price objective on Huntsman from $15.00 to $12.00 and set a "sector perform" rating for the company in a report on Monday. Wells Fargo & Company lowered shares of Huntsman from an "overweight" rating to a "reduce" rating in a research report on Monday. JPMorgan Chase & Co. decreased their price target on shares of Huntsman from $22.00 to $20.00 and set an "overweight" rating on the stock in a research report on Monday. Finally, Morgan Stanley reduced their price target on Huntsman from $20.00 to $13.50 and set an "equal weight" rating for the company in a research report on Monday. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Huntsman has a consensus rating of "Hold" and a consensus price target of $15.00.

About Huntsman

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.