Hotchkis & Wiley Capital Management LLC Boosts Stake in Huntsman Corporation $HUN

Key Points

• Hotchkis & Wiley Capital Management LLC increased its stake in Huntsman Corporation by 16.3%, now owning 944,214 shares worth approximately $14.9 million.
• Huntsman reported a quarterly loss of ($0.20) per share, missing estimates and reflecting a 7.4% decline in revenue year-over-year.
• The company announced a quarterly dividend of $0.25 per share with a yield of 9.1%, set to be paid on September 30th.

Hotchkis & Wiley Capital Management LLC increased its position in Huntsman Corporation (NYSE:HUN - Free Report) by 16.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 944,214 shares of the basic materials company's stock after acquiring an additional 132,024 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned about 0.54% of Huntsman worth $14,909,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in HUN. Yousif Capital Management LLC grew its position in shares of Huntsman by 9.7% during the first quarter. Yousif Capital Management LLC now owns 11,004 shares of the basic materials company's stock worth $174,000 after purchasing an additional 972 shares in the last quarter. Mariner LLC lifted its stake 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 worth $244,000 after acquiring an additional 1,233 shares during the last quarter. Entropy Technologies LP increased its holdings in Huntsman by 6.8% during the 1st quarter. Entropy Technologies LP now owns 19,434 shares of the basic materials company's stock worth $307,000 after purchasing an additional 1,239 shares during the period. Hexagon Capital Partners LLC increased its holdings 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 period. Finally, Bridgefront Capital LLC increased its holdings in shares of Huntsman by 16.7% in the 4th quarter. Bridgefront Capital LLC now owns 11,120 shares of the basic materials company's stock valued at $200,000 after acquiring an additional 1,594 shares during the period. Hedge funds and other institutional investors own 84.81% of the company's stock.

Huntsman Price Performance

Shares of Huntsman stock traded down $0.08 during mid-day trading on Thursday, reaching $10.91. 4,678,541 shares of the stock traded hands, compared to its average volume of 3,927,807. The business has a 50-day moving average of $10.59 and a 200 day moving average of $12.91. Huntsman Corporation has a fifty-two week low of $8.91 and a fifty-two week high of $25.12. The stock has a market capitalization of $1.89 billion, a PE ratio of -5.59 and a beta of 0.70. The company has a quick ratio of 0.85, a current ratio of 1.43 and a debt-to-equity ratio of 0.54.

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

Huntsman Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 9.2%. The ex-dividend date of this dividend is Monday, September 15th. Huntsman's dividend payout ratio (DPR) is presently -51.28%.

Analyst Ratings Changes

HUN has been the topic of several research analyst reports. Royal Bank Of Canada dropped their target price on Huntsman from $12.00 to $10.00 and set a "sector perform" rating on the stock in a research note on Monday, August 4th. Wells Fargo & Company dropped their target price on Huntsman from $13.00 to $9.00 and set an "equal weight" rating on the stock in a research note on Tuesday, August 5th. Citigroup dropped their target price on Huntsman from $11.00 to $9.00 and set a "neutral" rating on the stock in a research note on Monday, August 4th. UBS Group dropped their target price on Huntsman from $13.00 to $11.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 9th. Finally, Mizuho lowered their price target on Huntsman from $14.00 to $11.00 and set a "neutral" rating for the company in a research report on Tuesday, July 15th. One investment analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average 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.