Ieq Capital LLC Grows Stock Holdings in Huntsman Corporation $HUN

Key Points

• Ieq Capital LLC increased its position in Huntsman Corporation by 732.1%, owning 659,310 shares worth approximately $10.41 million as of the latest SEC filing.
• Huntsman Corporation's stock has recently seen a decrease in analyst price targets, with firms such as Royal Bank of Canada and Mizuho lowering their targets significantly.
• The company declared a quarterly dividend of $0.25 per share, yielding 9.1%, with the payout set to occur on September 30th for investors of record on September 15th.

Ieq Capital LLC grew its holdings in Huntsman Corporation (NYSE:HUN - Free Report) by 732.1% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 659,310 shares of the basic materials company's stock after buying an additional 580,080 shares during the quarter. Ieq Capital LLC owned 0.38% of Huntsman worth $10,410,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in HUN. Nomura Holdings Inc. raised its stake in shares of Huntsman by 188.3% in the 4th quarter. Nomura Holdings Inc. now owns 3,269,000 shares of the basic materials company's stock valued at $58,940,000 after buying an additional 2,135,000 shares in the last quarter. Deprince Race & Zollo Inc. increased its position in shares of Huntsman by 70.2% during the 4th quarter. Deprince Race & Zollo Inc. now owns 2,762,907 shares of the basic materials company's stock worth $49,815,000 after purchasing an additional 1,139,549 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Huntsman during the 1st quarter worth about $13,181,000. Jefferies Financial Group Inc. grew its holdings in Huntsman by 4,078.9% during the 4th quarter. Jefferies Financial Group Inc. now owns 500,000 shares of the basic materials company's stock worth $9,015,000 after acquiring an additional 488,035 shares during the last quarter. Finally, Jump Financial LLC grew its holdings in Huntsman by 1,677.4% during the 1st quarter. Jump Financial LLC now owns 493,793 shares of the basic materials company's stock worth $7,797,000 after acquiring an additional 466,012 shares during the last quarter. Institutional investors and hedge funds own 84.81% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Huntsman from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. Royal Bank Of Canada dropped their target price on shares of Huntsman from $12.00 to $10.00 and set a "sector perform" rating on the stock in a report on Monday, August 4th. Mizuho lowered their price objective on shares of Huntsman from $14.00 to $11.00 and set a "neutral" rating on the stock in a report on Tuesday, July 15th. UBS Group decreased their target price on shares of Huntsman from $13.00 to $11.00 and set a "neutral" rating for the company in a research note on Wednesday, July 9th. Finally, The Goldman Sachs Group reduced their price objective on shares of Huntsman from $12.00 to $10.00 and set a "sell" rating for the company in a research report on Thursday, August 7th. One investment analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $12.06.

Huntsman Trading Down 2.8%

NYSE HUN traded down $0.32 on Tuesday, reaching $10.85. The stock had a trading volume of 755,914 shares, compared to its average volume of 3,917,935. Huntsman Corporation has a 12-month low of $8.91 and a 12-month high of $25.12. The stock has a fifty day moving average price of $10.63 and a two-hundred day moving average price of $12.74. The company has a quick ratio of 0.85, a current ratio of 1.43 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of -5.57 and a beta of 0.64.

Huntsman (NYSE:HUN - Get Free Report) last posted its earnings results on Thursday, July 31st. The basic materials company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.05). Huntsman had a negative net margin of 5.75% and a negative return on equity of 2.48%. The business had revenue of $1.46 billion during the quarter, compared to analysts' expectations of $1.51 billion. During the same period last year, the company earned $0.14 EPS. The business's quarterly revenue was down 7.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Huntsman Corporation will post 0.32 EPS for the current fiscal year.

Huntsman Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, September 15th. This represents a $1.00 annualized dividend and a dividend yield of 9.2%. Huntsman's dividend payout ratio is -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.