Voloridge Investment Management LLC Acquires 141,356 Shares of Huntsman Co. (NYSE:HUN)

Voloridge Investment Management LLC increased its holdings in Huntsman Co. (NYSE:HUN - Free Report) by 289.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 190,139 shares of the basic materials company's stock after buying an additional 141,356 shares during the period. Voloridge Investment Management LLC owned about 0.11% of Huntsman worth $3,428,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in HUN. R Squared Ltd acquired a new stake in shares of Huntsman during the 4th quarter worth about $40,000. Quadrant Capital Group LLC boosted its stake 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 buying an additional 956 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new position in shares of Huntsman during the 4th quarter valued at approximately $60,000. Quarry LP bought a new position in Huntsman during the fourth quarter worth $65,000. Finally, Signaturefd LLC lifted its stake in Huntsman by 174.5% in the fourth quarter. Signaturefd LLC now owns 4,386 shares of the basic materials company's stock valued at $79,000 after buying an additional 2,788 shares during the last quarter. 84.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on HUN. Bank of America lowered shares of Huntsman from a "buy" rating to a "neutral" rating and decreased their target price for the company from $22.00 to $15.00 in a research report on Tuesday, April 15th. Morgan Stanley dropped 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. The Goldman Sachs Group decreased their price target on shares of Huntsman from $19.00 to $13.50 and set a "sell" rating for the company in a report on Tuesday, May 6th. Royal Bank of Canada decreased their price target on shares of Huntsman from $15.00 to $12.00 and set a "sector perform" rating for the company in a report on Monday, May 5th. Finally, UBS Group decreased their target price on shares of Huntsman from $18.00 to $13.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, Huntsman presently has an average rating of "Hold" and a consensus target price of $15.00.

Huntsman Trading Down 2.3%

Huntsman stock traded down $0.26 during trading hours on Friday, reaching $11.12. 3,603,592 shares of the company's stock traded hands, compared to its average volume of 2,650,777. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.83 and a current ratio of 1.36. Huntsman Co. has a fifty-two week low of $11.05 and a fifty-two week high of $25.12. The firm has a market capitalization of $1.93 billion, a price-to-earnings ratio of -10.11 and a beta of 0.82. The firm's 50 day moving average is $13.00 and its 200-day moving average is $16.12.

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

Huntsman Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.99%. Huntsman's dividend payout ratio is -109.89%.

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.