Huntsman Corporation $HUN Shares Acquired by Jump Financial LLC

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 shares of Huntsman Corporation (NYSE:HUN - Free Report) by 1,677.4% during the 1st quarter, according to its most recent filing with the 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 approximately 0.28% of Huntsman worth $7,797,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of Huntsman by 7.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,105,566 shares of the basic materials company's stock valued at $96,407,000 after buying an additional 419,009 shares during the period. Invesco Ltd. lifted its holdings in shares of Huntsman by 1.3% in the 1st quarter. Invesco Ltd. now owns 6,064,044 shares of the basic materials company's stock valued at $95,751,000 after buying an additional 75,097 shares during the period. Pzena Investment Management LLC lifted its holdings in shares of Huntsman by 3.5% in the 1st quarter. Pzena Investment Management LLC now owns 4,859,007 shares of the basic materials company's stock valued at $76,724,000 after buying an additional 163,329 shares during the period. Nomura Holdings Inc. boosted its position in Huntsman by 188.3% in the 4th quarter. Nomura Holdings Inc. now owns 3,269,000 shares of the basic materials company's stock worth $58,940,000 after purchasing an additional 2,135,000 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its stake in shares of Huntsman by 2.7% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 3,138,234 shares of the basic materials company's stock worth $56,582,000 after purchasing an additional 82,967 shares during the period. Hedge funds and other institutional investors own 84.81% of the company's stock.

Huntsman Price Performance

HUN stock traded up $0.28 during trading on Friday, hitting $11.17. The stock had a trading volume of 4,451,367 shares, compared to its average volume of 4,794,124. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.43 and a quick ratio of 0.85. Huntsman Corporation has a twelve month low of $8.91 and a twelve month high of $25.12. The stock has a market capitalization of $1.94 billion, a P/E ratio of -5.73 and a beta of 0.70. The company's 50-day moving average price is $10.62 and its two-hundred day moving average price is $12.81.

Huntsman (NYSE:HUN - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The basic materials company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.05). Huntsman had a negative return on equity of 2.48% and a negative net margin of 5.75%.The firm had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the previous year, the firm posted $0.14 earnings per share. The company's quarterly revenue was down 7.4% on a year-over-year basis. As a group, research analysts predict that Huntsman Corporation will post 0.32 EPS for the current fiscal year.

Huntsman Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 9.0%. The ex-dividend date is Monday, September 15th. Huntsman's payout ratio is presently -51.28%.

Analyst Ratings Changes

A number of brokerages have recently commented on HUN. The Goldman Sachs Group dropped their price objective on shares of Huntsman from $12.00 to $10.00 and set a "sell" rating on the stock in a research note on Thursday, August 7th. JPMorgan Chase & Co. dropped their price objective on shares of Huntsman from $22.00 to $20.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. UBS Group dropped their price objective on shares of Huntsman from $13.00 to $11.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 9th. Citigroup dropped their price objective on shares of Huntsman from $11.00 to $9.00 and set a "neutral" rating on the stock in a research note on Monday, August 4th. Finally, Royal Bank Of Canada cut their price target on Huntsman from $12.00 to $10.00 and set a "sector perform" rating for the company in a research note on Monday, August 4th. One 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's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $12.06.

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.