Concentric Capital Strategies LP Purchases 73,250 Shares of Huntsman Co. (NYSE:HUN)

Concentric Capital Strategies LP increased its holdings in Huntsman Co. (NYSE:HUN - Free Report) by 36.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 274,819 shares of the basic materials company's stock after purchasing an additional 73,250 shares during the quarter. Concentric Capital Strategies LP owned approximately 0.16% of Huntsman worth $4,955,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Cubist Systematic Strategies LLC purchased a new position in shares of Huntsman during the fourth quarter valued at approximately $775,000. Brevan Howard Capital Management LP increased its position in Huntsman by 45.9% during the 4th quarter. Brevan Howard Capital Management LP now owns 43,542 shares of the basic materials company's stock valued at $785,000 after purchasing an additional 13,695 shares during the period. Bridgefront Capital LLC raised its holdings in Huntsman by 16.7% in the 4th quarter. Bridgefront Capital LLC now owns 11,120 shares of the basic materials company's stock worth $200,000 after purchasing an additional 1,594 shares in the last quarter. Caxton Associates LP purchased a new stake in shares of Huntsman in the 4th quarter worth about $241,000. Finally, BNP Paribas Financial Markets increased its position in shares of Huntsman by 174.5% during the fourth quarter. BNP Paribas Financial Markets now owns 436,005 shares of the basic materials company's stock valued at $7,861,000 after buying an additional 277,158 shares during the period. Hedge funds and other institutional investors own 84.81% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on HUN. StockNews.com cut Huntsman from a "hold" rating to a "sell" rating in a research note on Monday. The Goldman Sachs Group dropped their price objective on shares of Huntsman from $19.00 to $13.50 and set a "sell" rating on the stock in a research note on Tuesday. Royal Bank of Canada decreased their target price on shares of Huntsman from $15.00 to $12.00 and set a "sector perform" rating for the company in a research note on Monday. Wells Fargo & Company cut Huntsman from an "overweight" rating to a "reduce" rating in a research report on Monday. Finally, Alembic Global Advisors lowered Huntsman from an "overweight" rating to a "neutral" rating in a research report on Wednesday, January 15th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $15.00.

Huntsman Stock Performance

Shares of HUN opened at $11.41 on Wednesday. The company has a market cap of $1.98 billion, a price-to-earnings ratio of -10.37 and a beta of 0.82. The business's fifty day simple moving average is $14.78 and its two-hundred day simple moving average is $17.36. Huntsman Co. has a 12 month low of $11.32 and a 12 month high of $25.78. 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 released its quarterly earnings data on Thursday, May 1st. The basic materials company reported ($0.11) EPS for the quarter, meeting the consensus estimate of ($0.11). The company had revenue of $1.41 billion for the quarter, compared to analysts' expectations of $1.51 billion. Huntsman had a negative return on equity of 0.39% and a negative net margin of 3.13%. Huntsman's revenue was down 4.1% compared to the same quarter last year. During the same period last year, the firm posted ($0.06) earnings per share. Research analysts anticipate that Huntsman Co. will post 0.32 earnings per share for the current fiscal year.

Huntsman Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, June 13th. This represents a $1.00 dividend on an annualized basis and a yield of 8.77%. Huntsman's dividend payout ratio (DPR) is -109.89%.

Huntsman Company 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.

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