Jump Financial LLC Boosts Position in Huntsman Corporation $HUN

Key Points

• Jump Financial LLC significantly increased its stake in Huntsman Corporation by 1,677.4% during Q1, holding nearly 494,000 shares worth approximately $7.8 million as of the latest SEC filing.
• Several hedge funds made substantial increases in their holdings of Huntsman, with notable raises such as Caitong International Asset Management increasing their stake by 1,717.9%.
• Huntsman recently announced a quarterly dividend of $0.25 per share, which results in an annualized yield of 9.1%, despite reporting a loss of $0.20 earnings per share in its latest quarter.

Jump Financial LLC boosted its stake in Huntsman Corporation (NYSE:HUN - Free Report) by 1,677.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 493,793 shares of the basic materials company's stock after purchasing an additional 466,012 shares during the period. Jump Financial LLC owned about 0.28% of Huntsman worth $7,797,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Mizuho reduced their target price on Huntsman from $14.00 to $11.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 15th. Royal Bank Of Canada dropped their price target on Huntsman from $12.00 to $10.00 and set a "sector perform" rating on the stock in a research report on Monday, August 4th. Citigroup dropped their price target on Huntsman from $11.00 to $9.00 and set a "neutral" rating on the stock in a research report on Monday, August 4th. Wells Fargo & Company dropped their price target on Huntsman from $13.00 to $9.00 and set an "equal weight" rating on the stock in a research report on Tuesday, August 5th. Finally, JPMorgan Chase & Co. dropped their price target on Huntsman from $22.00 to $20.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. One equities research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $12.06.

Huntsman Stock Performance

Shares of NYSE:HUN traded down $0.08 during midday trading on Thursday, reaching $10.91. 4,791,032 shares of the company's stock traded hands, compared to its average volume of 3,934,748. The company has a market cap of $1.89 billion, a price-to-earnings ratio of -5.59 and a beta of 0.70. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.85 and a current ratio of 1.43. Huntsman Corporation has a one year low of $8.91 and a one year high of $25.12. The stock has a 50 day moving average of $10.59 and a 200 day moving average of $12.91.

Huntsman (NYSE:HUN - Get Free Report) last announced its quarterly earnings results 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 business had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.51 billion. Huntsman had a negative net margin of 5.75% and a negative return on equity of 2.48%. The company's revenue for the quarter was down 7.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.14 earnings per share. As a group, equities research analysts anticipate that Huntsman Corporation will post 0.32 EPS for the current fiscal year.

Huntsman Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 9.2%. The ex-dividend date of this dividend is Monday, September 15th. Huntsman's dividend payout ratio is presently -51.28%.

Huntsman 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.