Algert Global LLC Raises Stock Holdings in Huntsman Corporation $HUN

Key Points

• Algert Global LLC increased its stake in Huntsman Corporation by 28.6% to approximately 951,497 shares, making it the firm's 23rd largest position in its portfolio.
• Several institutional investors, including Hexagon Capital Partners and Caitong International Asset Management, significantly increased their holdings in Huntsman, contributing to 84.81% of the stock being owned by institutional investors.
• Huntsman recently announced a $0.25 quarterly dividend, translating to a 10.0% yield, while its recent earnings report showed a loss of ($0.20) EPS, missing analyst expectations.

Algert Global LLC grew its position in Huntsman Corporation (NYSE:HUN - Free Report) by 28.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 951,497 shares of the basic materials company's stock after acquiring an additional 211,810 shares during the quarter. Huntsman accounts for 0.4% of Algert Global LLC's portfolio, making the stock its 23rd biggest holding. Algert Global LLC owned approximately 0.55% of Huntsman worth $15,024,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Hexagon Capital Partners LLC increased its position in shares of Huntsman by 177.9% during the 1st quarter. Hexagon Capital Partners LLC now owns 2,179 shares of the basic materials company's stock valued at $34,000 after purchasing an additional 1,395 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its position in shares of Huntsman by 1,717.9% during 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 purchasing an additional 3,075 shares during the last quarter. Zions Bancorporation National Association UT bought a new position in shares of Huntsman during the 1st quarter valued at approximately $53,000. Strengthening Families & Communities LLC increased its position in shares of 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 valued at $62,000 after purchasing an additional 3,717 shares during the last quarter. Finally, Versant Capital Management Inc increased its position in shares of 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 valued at $64,000 after purchasing an additional 3,917 shares during the last quarter. Institutional investors own 84.81% of the company's stock.

Analyst Ratings Changes

HUN has been the topic of several analyst reports. The Goldman Sachs Group cut their target price on Huntsman from $12.00 to $10.00 and set a "sell" rating on the stock in a research report on Thursday, August 7th. Morgan Stanley cut their target price on Huntsman from $20.00 to $13.50 and set an "equal weight" rating on the stock in a research report on Monday, May 5th. JPMorgan Chase & Co. cut their target price on Huntsman from $22.00 to $20.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. UBS Group cut their target price on Huntsman from $13.00 to $11.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 9th. Finally, Mizuho cut their price objective on Huntsman from $14.00 to $11.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 15th. 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 stock. According to data from MarketBeat, Huntsman currently has a consensus rating of "Hold" and an average price target of $12.06.

Huntsman Stock Up 1.2%

Shares of HUN stock traded up $0.1250 during mid-day trading on Tuesday, hitting $10.1750. The stock had a trading volume of 3,490,063 shares, compared to its average volume of 5,609,110. Huntsman Corporation has a 12-month low of $8.91 and a 12-month high of $25.12. The firm has a market capitalization of $1.77 billion, a P/E ratio of -5.22 and a beta of 0.70. The firm's 50-day moving average is $10.64 and its two-hundred day moving average is $13.14. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.43 and a quick ratio of 0.85.

Huntsman (NYSE:HUN - Get Free Report) last issued its earnings results on Thursday, July 31st. The basic materials company reported ($0.20) earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts' expectations of $1.51 billion. During the same quarter in the prior year, the company posted $0.14 earnings per share. Huntsman's quarterly revenue was down 7.4% compared to the same quarter last year. On average, analysts predict that Huntsman Corporation will post 0.32 earnings per share for the current fiscal year.

Huntsman Dividend Announcement

The company 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. This represents a $1.00 annualized dividend and a dividend yield of 9.8%. The ex-dividend date is Monday, September 15th. Huntsman's dividend payout ratio is currently -51.28%.

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.