Huntsman Corporation $HUN Shares Acquired by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP significantly increased its stake in Huntsman Corporation by 243.8%, acquiring a total of 476,144 shares valued at approximately $7.5 million.
• Several institutional investors have also boosted their stakes in Huntsman, with one increasing its position by 1,966.7% during the first quarter, indicating strong interest from major funds.
• Huntsman announced a quarterly dividend of $0.25 per share, equating to an annual yield of 10.0%, despite a negative earnings report for the last quarter.

Quantbot Technologies LP raised its stake in shares of Huntsman Corporation (NYSE:HUN - Free Report) by 243.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 476,144 shares of the basic materials company's stock after acquiring an additional 337,661 shares during the period. Quantbot Technologies LP owned approximately 0.27% of Huntsman worth $7,518,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in HUN. Hexagon Capital Partners LLC boosted its stake in shares of Huntsman by 177.9% in the first quarter. Hexagon Capital Partners LLC now owns 2,179 shares of the basic materials company's stock valued at $34,000 after purchasing an additional 1,395 shares during the period. Caitong International Asset Management Co. Ltd boosted its stake in shares of Huntsman by 1,717.9% in the first quarter. Caitong International Asset Management Co. Ltd now owns 3,254 shares of the basic materials company's stock valued at $51,000 after purchasing an additional 3,075 shares during the period. Zions Bancorporation National Association UT purchased a new position in shares of Huntsman in the first quarter valued at approximately $53,000. Strengthening Families & Communities LLC boosted its stake in shares of Huntsman by 1,966.7% in the first quarter. Strengthening Families & Communities LLC now owns 3,906 shares of the basic materials company's stock valued at $62,000 after purchasing an additional 3,717 shares during the period. Finally, Versant Capital Management Inc boosted its stake in shares of Huntsman by 2,388.4% in the first quarter. Versant Capital Management Inc now owns 4,081 shares of the basic materials company's stock valued at $64,000 after purchasing an additional 3,917 shares during the period. 84.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on HUN shares. The Goldman Sachs Group lowered their price objective on shares of Huntsman from $12.00 to $10.00 and set a "sell" rating for the company in a research note on Thursday, August 7th. Wells Fargo & Company lowered their price objective on shares of Huntsman from $13.00 to $9.00 and set an "equal weight" rating for the company in a research note on Tuesday, August 5th. Morgan Stanley lowered their price objective on shares of Huntsman from $20.00 to $13.50 and set an "equal weight" rating for the company in a research note on Monday, May 5th. JPMorgan Chase & Co. decreased their price target on shares of Huntsman from $22.00 to $20.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. Finally, Citigroup decreased their price target on shares of Huntsman from $11.00 to $9.00 and set a "neutral" rating for the company in a research note on Monday, August 4th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Huntsman currently has an average rating of "Hold" and an average target price of $12.06.

Huntsman Stock Down 1.8%

Shares of Huntsman stock opened at $10.00 on Monday. The company has a market capitalization of $1.74 billion, a P/E ratio of -5.13 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 Corporation has a 52-week low of $8.91 and a 52-week high of $25.12. The company has a 50 day moving average of $10.71 and a 200 day moving average of $13.20.

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 company had revenue of $1.46 billion for 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 firm's quarterly revenue was down 7.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.14 EPS. As a group, research analysts forecast that Huntsman Corporation will post 0.32 EPS for the current fiscal year.

Huntsman Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 10.0%. The ex-dividend date is Monday, September 15th. Huntsman's payout ratio is currently -51.28%.

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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