Cubist Systematic Strategies LLC Buys 706,155 Shares of Huntsman Corporation $HUN

Key Points

• Cubist Systematic Strategies LLC significantly increased its stake in Huntsman Corporation by purchasing 706,155 shares, raising their ownership to 749,158 shares, valued at approximately $11.83 million.
• Huntsman Corporation reported a quarterly earnings loss of ($0.20) per share, missing analysts' estimates, while its revenues fell 7.4% compared to the same quarter last year.
• The company announced a quarterly dividend of $0.25 per share, providing a 9.0% annual yield, with the dividend payment set for September 30th.

Cubist Systematic Strategies LLC raised its stake in Huntsman Corporation (NYSE:HUN - Free Report) by 1,642.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 749,158 shares of the basic materials company's stock after buying an additional 706,155 shares during the period. Cubist Systematic Strategies LLC owned about 0.43% of Huntsman worth $11,829,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in HUN. Mariner LLC boosted its position in shares of Huntsman by 10.0% during the 4th quarter. Mariner LLC now owns 13,550 shares of the basic materials company's stock valued at $244,000 after purchasing an additional 1,233 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Huntsman by 342.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 9,743 shares of the basic materials company's stock valued at $176,000 after purchasing an additional 7,540 shares in the last quarter. Northern Trust Corp boosted its position in shares of Huntsman by 14.2% during the 4th quarter. Northern Trust Corp now owns 1,009,093 shares of the basic materials company's stock valued at $18,194,000 after purchasing an additional 125,595 shares in the last quarter. Comerica Bank boosted its position in shares of Huntsman by 41.5% during the 4th quarter. Comerica Bank now owns 16,188 shares of the basic materials company's stock valued at $292,000 after purchasing an additional 4,747 shares in the last quarter. Finally, Freestone Grove Partners LP bought a new position in Huntsman in the fourth quarter worth approximately $369,000. Institutional investors own 84.81% of the company's stock.

Huntsman Stock Performance

Shares of Huntsman stock opened at $11.17 on Tuesday. The company has a quick ratio of 0.85, a current ratio of 1.43 and a debt-to-equity ratio of 0.54. The company has a market cap of $1.94 billion, a PE ratio of -5.73 and a beta of 0.64. The business has a 50 day moving average price of $10.63 and a 200-day moving average price of $12.74. Huntsman Corporation has a 52 week low of $8.91 and a 52 week high of $25.12.

Huntsman Aims High, Exceeds Targets

Huntsman (NYSE:HUN - Get Free Report) last issued its quarterly earnings results 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). The business had revenue of $1.46 billion for the quarter, compared to analysts' expectations of $1.51 billion. Huntsman had a negative net margin of 5.75% and a negative return on equity of 2.48%. The business's revenue was down 7.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.14 earnings per share. Equities analysts anticipate that Huntsman Corporation will post 0.32 earnings per share for the current fiscal year.

Huntsman Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 9.0%. The ex-dividend date of this dividend is Monday, September 15th. Huntsman's dividend payout ratio is -51.28%.

Wall Street Analysts Forecast Growth

HUN has been the topic of several recent research reports. JPMorgan Chase & Co. cut their price target on Huntsman from $22.00 to $20.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Morgan Stanley cut their price target on Huntsman from $20.00 to $13.50 and set an "equal weight" rating on the stock in a report on Monday, May 5th. 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. The Goldman Sachs Group cut their price target on Huntsman from $12.00 to $10.00 and set a "sell" rating on the stock in a report on Thursday, August 7th. Finally, Royal Bank Of Canada cut their price target on Huntsman from $12.00 to $10.00 and set a "sector perform" rating on the stock in a report on Monday, August 4th. One research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Huntsman presently has an average rating of "Hold" and an average price target of $12.06.

Huntsman Company Profile

(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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