CANADA LIFE ASSURANCE Co reduced its position in shares of Huntsman Co. (NYSE:HUN - Free Report) by 40.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,746 shares of the basic materials company's stock after selling 25,829 shares during the period. CANADA LIFE ASSURANCE Co's holdings in Huntsman were worth $698,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. R Squared Ltd acquired a new stake in shares of Huntsman in the fourth quarter valued at about $40,000. Quadrant Capital Group LLC increased its position in shares of Huntsman by 74.9% during the 4th 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 during the last quarter. Aster Capital Management DIFC Ltd bought a new stake in shares of Huntsman during the 4th quarter worth approximately $60,000. Signaturefd LLC boosted its holdings in shares of Huntsman by 174.5% in the 4th quarter. Signaturefd LLC now owns 4,386 shares of the basic materials company's stock valued at $79,000 after buying an additional 2,788 shares during the last quarter. Finally, Headlands Technologies LLC bought a new position in shares of Huntsman in the fourth quarter valued at $91,000. 84.81% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of analysts have commented on the stock. UBS Group cut their price target on shares of Huntsman from $18.00 to $13.00 and set a "neutral" rating for the company in a research note on Monday, April 7th. Wells Fargo & Company lowered their price target on Huntsman from $20.00 to $17.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 9th. Bank of America lowered Huntsman from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $22.00 to $15.00 in a research note on Tuesday, April 15th. Morgan Stanley decreased their target price on Huntsman from $24.00 to $20.00 and set an "equal weight" rating on the stock in a report on Monday, January 13th. Finally, The Goldman Sachs Group cut their price target on Huntsman from $22.00 to $19.00 and set a "sell" rating for the company in a report on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, Huntsman presently has a consensus rating of "Hold" and a consensus price target of $17.67.
View Our Latest Research Report on HUN
Huntsman Stock Performance
Shares of HUN traded down $1.20 during midday trading on Friday, reaching $12.17. 9,490,454 shares of the stock were exchanged, compared to its average volume of 2,477,289. The stock's 50 day simple moving average is $15.00 and its 200 day simple moving average is $17.56. The company has a market cap of $2.11 billion, a P/E ratio of -11.06 and a beta of 0.85. Huntsman Co. has a twelve month low of $11.90 and a twelve month high of $25.92. The company has a quick ratio of 0.83, a current ratio of 1.36 and a debt-to-equity ratio of 0.48.
Huntsman (NYSE:HUN - Get Free Report) last issued its quarterly earnings data 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 analysts' expectations of $1.51 billion. During the same quarter in the previous year, the company earned ($0.06) EPS. The business's revenue was down 4.1% on a year-over-year basis. On average, sell-side analysts expect that Huntsman Co. will post 0.32 earnings per share for the current year.
Huntsman Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.25 per share. 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 8.22%. Huntsman's dividend payout ratio (DPR) is presently -90.91%.
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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