Royce & Associates LP Has $458,000 Holdings in Huntsman Corporation (NYSE:HUN)

Royce & Associates LP lessened its holdings in shares of Huntsman Corporation (NYSE:HUN - Free Report) by 87.3% in the first quarter, according to its most recent filing with the SEC. The firm owned 29,000 shares of the basic materials company's stock after selling 198,500 shares during the quarter. Royce & Associates LP's holdings in Huntsman were worth $458,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Hexagon Capital Partners LLC raised its stake in shares of Huntsman by 177.9% during 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 in the last quarter. Quadrant Capital Group LLC raised its stake in shares of Huntsman by 74.9% during the fourth quarter. Quadrant Capital Group LLC now owns 2,232 shares of the basic materials company's stock valued at $40,000 after purchasing an additional 956 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new stake in shares of Huntsman during the fourth quarter valued at about $60,000. Quarry LP bought a new stake in shares of Huntsman during the fourth quarter valued at about $65,000. Finally, Versant Capital Management Inc raised its stake in shares of Huntsman by 2,388.4% during 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 in the last quarter. Institutional investors own 84.81% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on HUN shares. Morgan Stanley dropped 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. Wall Street Zen downgraded Huntsman from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. Royal Bank Of Canada dropped 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. JPMorgan Chase & Co. dropped their price objective on Huntsman from $22.00 to $20.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. Finally, Citigroup reissued a "neutral" rating and issued a $11.00 price objective (down previously from $12.00) on shares of Huntsman in a research note on Thursday, July 10th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $13.17.

Huntsman Stock Down 5.1%

Shares of HUN stock traded down $0.49 on Friday, reaching $9.21. 9,365,625 shares of the company's stock traded hands, compared to its average volume of 3,853,674. Huntsman Corporation has a 12-month low of $9.02 and a 12-month high of $25.12. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.82 and a current ratio of 1.48. The company has a market capitalization of $1.60 billion, a P/E ratio of -10.12 and a beta of 0.70. The business's 50 day moving average price is $11.10 and its two-hundred day moving average price is $13.86.

Huntsman (NYSE:HUN - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The basic materials company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.05). The firm had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.51 billion. Huntsman had a negative net margin of 2.63% and a negative return on equity of 0.65%. Huntsman's revenue for the quarter was down 7.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.14 EPS. On average, equities analysts forecast that Huntsman Corporation will post 0.32 earnings per share for the current year.

Huntsman Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 10.9%. Huntsman's payout ratio is currently -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.