Huntsman Co. (NYSE:HUN) Shares Sold by Bank of America Corp DE

Bank of America Corp DE decreased its stake in Huntsman Co. (NYSE:HUN - Free Report) by 60.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,281,276 shares of the basic materials company's stock after selling 1,972,127 shares during the period. Bank of America Corp DE owned approximately 0.74% of Huntsman worth $23,101,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. R Squared Ltd purchased a new position in Huntsman in the fourth quarter valued at about $40,000. Quadrant Capital Group LLC boosted its position in Huntsman by 74.9% during the fourth quarter. Quadrant Capital Group LLC now owns 2,232 shares of the basic materials company's stock worth $40,000 after purchasing an additional 956 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in Huntsman during the fourth quarter worth $60,000. Quarry LP acquired a new stake in Huntsman in the fourth quarter valued at $65,000. Finally, Signaturefd LLC increased its position in shares of 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 in the last quarter. Institutional investors and hedge funds own 84.81% of the company's stock.

Huntsman Price Performance

Shares of NYSE:HUN opened at $12.67 on Monday. The business has a fifty day simple moving average of $14.03 and a 200-day simple moving average of $16.75. Huntsman Co. has a 52 week low of $11.15 and a 52 week high of $25.78. The company has a market cap of $2.20 billion, a P/E ratio of -11.52 and a beta of 0.82. The company has a quick ratio of 0.83, a current ratio of 1.36 and a debt-to-equity ratio of 0.48.

Huntsman (NYSE:HUN - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The basic materials company reported ($0.11) EPS for the quarter, meeting the consensus estimate of ($0.11). Huntsman had a negative return on equity of 0.39% and a negative net margin of 3.13%. The company had revenue of $1.41 billion during the quarter, compared to analysts' expectations of $1.51 billion. During the same quarter in the previous year, the business earned ($0.06) EPS. The firm's revenue was down 4.1% on a year-over-year basis. Equities research analysts forecast that Huntsman Co. 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 Monday, June 30th. Stockholders of record on Friday, June 13th will be paid 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 dividend yield of 7.89%. Huntsman's dividend payout ratio is presently -109.89%.

Analyst Ratings Changes

A number of equities research analysts recently commented on HUN shares. The Goldman Sachs Group lowered their price objective on shares of Huntsman from $19.00 to $13.50 and set a "sell" rating on the stock in a research note on Tuesday, May 6th. 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. UBS Group cut their price objective on Huntsman from $18.00 to $13.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. StockNews.com upgraded Huntsman from a "sell" rating to a "hold" rating in a report on Tuesday, May 13th. Finally, Bank of America cut Huntsman from a "buy" rating to a "neutral" rating and cut their price target for the stock from $22.00 to $15.00 in a report on Tuesday, April 15th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock currently 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.

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