AMG National Trust Bank grew its holdings in shares of Huntsman Corporation (NYSE:HUN - Free Report) by 167.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 107,925 shares of the basic materials company's stock after purchasing an additional 67,568 shares during the quarter. AMG National Trust Bank owned approximately 0.06% of Huntsman worth $1,704,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in HUN. Hexagon Capital Partners LLC boosted its stake in Huntsman by 177.9% during 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. Quadrant Capital Group LLC boosted 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 valued at $40,000 after acquiring an additional 956 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in shares of Huntsman during the 4th quarter valued at about $60,000. Versant Capital Management Inc boosted 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 acquiring an additional 3,917 shares during the last quarter. Finally, Quarry LP acquired a new position in shares of Huntsman during the 4th quarter valued at about $65,000. Institutional investors and hedge funds own 84.81% of the company's stock.
Huntsman Trading Up 3.4%
NYSE:HUN traded up $0.40 on Wednesday, reaching $12.18. 1,136,292 shares of the company's stock were exchanged, compared to its average volume of 3,688,279. The company has a quick ratio of 0.82, a current ratio of 1.48 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $2.12 billion, a price-to-earnings ratio of -13.38 and a beta of 0.70. The business has a fifty day moving average of $11.31 and a 200-day moving average of $14.13. Huntsman Corporation has a 52-week low of $10.13 and a 52-week high of $25.12.
Huntsman (NYSE:HUN - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The basic materials company reported ($0.11) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.11). The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.51 billion. Huntsman had a negative net margin of 2.63% and a negative return on equity of 0.65%. The business's revenue for the quarter was down 4.1% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.06) earnings per share. As a group, analysts expect that Huntsman Corporation will post 0.32 earnings per share for the current year.
Huntsman Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, June 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.21%. Huntsman's payout ratio is -109.89%.
Wall Street Analyst Weigh In
HUN has been the topic of several recent research reports. Bank of America cut shares of Huntsman from a "buy" rating to a "neutral" rating and lowered their price target for the company from $22.00 to $15.00 in a research report on Tuesday, April 15th. JPMorgan Chase & Co. lowered 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, May 5th. Royal Bank Of Canada decreased their target price on shares of Huntsman from $15.00 to $12.00 and set a "sector perform" rating on the stock in a research report on Monday, May 5th. UBS Group decreased their target price on shares of Huntsman from $13.00 to $11.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 9th. Finally, Morgan Stanley decreased their target price on shares of Huntsman from $20.00 to $13.50 and set an "equal weight" rating on the stock in a research report on Monday, May 5th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $13.17.
Read Our Latest Report on Huntsman
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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