Two Sigma Advisers LP Purchases 173,800 Shares of Huntsman Co. (NYSE:HUN)

Two Sigma Advisers LP raised its position in shares of Huntsman Co. (NYSE:HUN - Free Report) by 30.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 741,700 shares of the basic materials company's stock after purchasing an additional 173,800 shares during the period. Two Sigma Advisers LP owned approximately 0.43% of Huntsman worth $13,373,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Huntsman by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 16,482,011 shares of the basic materials company's stock valued at $297,171,000 after purchasing an additional 130,702 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Huntsman by 6.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,686,557 shares of the basic materials company's stock valued at $102,529,000 after purchasing an additional 349,502 shares in the last quarter. Pzena Investment Management LLC raised its position in Huntsman by 320.2% during the fourth quarter. Pzena Investment Management LLC now owns 4,695,678 shares of the basic materials company's stock valued at $84,663,000 after purchasing an additional 3,578,100 shares in the last quarter. Nomura Holdings Inc. raised its position in Huntsman by 188.3% during the fourth quarter. Nomura Holdings Inc. now owns 3,269,000 shares of the basic materials company's stock valued at $58,940,000 after purchasing an additional 2,135,000 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its position in Huntsman by 2.7% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 3,138,234 shares of the basic materials company's stock valued at $56,582,000 after purchasing an additional 82,967 shares in the last quarter. Hedge funds and other institutional investors own 84.81% of the company's stock.

Huntsman Trading Up 2.2%

Shares of NYSE HUN traded up $0.26 during trading hours on Tuesday, hitting $11.65. The company's stock had a trading volume of 608,174 shares, compared to its average volume of 2,608,426. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.83 and a current ratio of 1.36. The stock has a market cap of $2.02 billion, a price-to-earnings ratio of -10.58 and a beta of 0.82. Huntsman Co. has a 12 month low of $11.15 and a 12 month high of $25.42. The business has a 50-day simple moving average of $13.39 and a 200-day simple moving average of $16.36.

Huntsman (NYSE:HUN - Get Free Report) last posted its earnings results on Thursday, May 1st. The basic materials company reported ($0.11) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.11). The company had revenue of $1.41 billion for the quarter, compared to analysts' expectations of $1.51 billion. Huntsman had a negative return on equity of 0.39% and a negative net margin of 3.13%. Huntsman's quarterly revenue was down 4.1% on a year-over-year basis. During the same period last year, the firm earned ($0.06) earnings per share. On average, analysts anticipate that Huntsman Co. will post 0.32 earnings per share for the current fiscal year.

Huntsman Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.00 annualized dividend and a yield of 8.59%. Huntsman's payout ratio is -109.89%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Bank of America cut Huntsman from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $22.00 to $15.00 in a research note on Tuesday, April 15th. Royal Bank of Canada reduced their price objective on Huntsman from $15.00 to $12.00 and set a "sector perform" rating on the stock in a research note on Monday, May 5th. Citigroup reduced their price objective on Huntsman from $19.00 to $14.00 and set a "neutral" rating on the stock in a research note on Friday, April 4th. Wall Street Zen cut Huntsman from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. Finally, Morgan Stanley reduced their price objective on Huntsman from $20.00 to $13.50 and set an "equal weight" rating on the stock in a research note on Monday, May 5th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $15.00.

About Huntsman

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.