Advisors Asset Management Inc. Has $5.98 Million Position in Huntsman Corporation $HUN

Key Points

• Advisors Asset Management Inc. increased its stake in Huntsman Corporation by 61.9% in Q1, now holding 378,868 shares valued at approximately $5.98 million.
• A significant number of hedge funds, including Hexagon Capital Partners LLC and Caitong International Asset Management Co., have also boosted their stakes in Huntsman, reflecting growing institutional interest with over 84% of the stock owned by hedge funds.
• Analysts have recently lowered their price targets on Huntsman, with the average target now at $12.06, while noting its negative earnings and a decline in revenue of 7.4% year-over-year.

Advisors Asset Management Inc. increased its stake in shares of Huntsman Corporation (NYSE:HUN - Free Report) by 61.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 378,868 shares of the basic materials company's stock after acquiring an additional 144,806 shares during the quarter. Advisors Asset Management Inc. owned about 0.22% of Huntsman worth $5,982,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of HUN. Hexagon Capital Partners LLC grew its holdings in shares of Huntsman by 177.9% in the 1st quarter. Hexagon Capital Partners LLC now owns 2,179 shares of the basic materials company's stock worth $34,000 after purchasing an additional 1,395 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its position in shares of Huntsman by 1,717.9% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 3,254 shares of the basic materials company's stock valued at $51,000 after acquiring an additional 3,075 shares during the period. Zions Bancorporation National Association UT acquired a new stake in shares of Huntsman in the 1st quarter valued at approximately $53,000. Strengthening Families & Communities LLC increased its stake in Huntsman by 1,966.7% during the 1st quarter. Strengthening Families & Communities LLC now owns 3,906 shares of the basic materials company's stock worth $62,000 after purchasing an additional 3,717 shares in the last quarter. Finally, Versant Capital Management Inc increased its stake in Huntsman by 2,388.4% during the 1st quarter. Versant Capital Management Inc now owns 4,081 shares of the basic materials company's stock worth $64,000 after purchasing an additional 3,917 shares in the last quarter. Institutional investors own 84.81% of the company's stock.

Huntsman Price Performance

HUN stock traded up $0.00 on Tuesday, reaching $11.20. The company had a trading volume of 3,347,153 shares, compared to its average volume of 3,926,366. The company's fifty day moving average is $10.69 and its 200 day moving average is $12.51. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.85 and a current ratio of 1.43. The company has a market cap of $1.95 billion, a P/E ratio of -5.74 and a beta of 0.65. Huntsman Corporation has a 1 year low of $8.91 and a 1 year high of $25.12.

Huntsman (NYSE:HUN - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The basic materials company reported ($0.20) EPS for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.05). Huntsman had a negative return on equity of 2.48% and a negative net margin of 5.75%.The firm had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the previous year, the company earned $0.14 earnings per share. The company's quarterly revenue was down 7.4% on a year-over-year basis. On average, research analysts forecast that Huntsman Corporation will post 0.32 earnings per share for the current year.

Huntsman Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.00 dividend on an annualized basis and a yield of 8.9%. Huntsman's dividend payout ratio (DPR) is currently -51.28%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on HUN. The Goldman Sachs Group decreased their target price on shares of Huntsman from $12.00 to $10.00 and set a "sell" rating for the company in a research note on Thursday, August 7th. Royal Bank Of Canada lowered their target price on Huntsman from $12.00 to $10.00 and set a "sector perform" rating for the company in a research note on Monday, August 4th. Mizuho reduced their target price on Huntsman from $14.00 to $11.00 and set a "neutral" rating on the stock in a report on Tuesday, July 15th. Citigroup cut their price target on Huntsman from $11.00 to $9.00 and set a "neutral" rating on the stock in a report on Monday, August 4th. Finally, Wall Street Zen cut Huntsman from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. One research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Huntsman currently has a consensus rating of "Hold" and an average price target of $12.06.

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.