Kintayl Capital LP Acquires Shares of 357,799 Huntsman Corporation $HUN

Key Points

• Kintayl Capital LP acquired 357,799 Huntsman shares during the second quarter, worth approximately $3.8 million and representing about 0.20% of the company.
• Huntsman CEO Peter Huntsman purchased 100,000 shares at $9.81 each, while institutional investors and hedge funds collectively own 84.81% of the stock.
• Analysts remain cautious, with a consensus “Hold” rating and a $12.50 price target. Huntsman shares opened at $9.56, and the company maintains a quarterly dividend of $0.0875 per share, yielding about 3.7%.

Kintayl Capital LP acquired a new stake in shares of Huntsman Corporation (NYSE:HUN - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 357,799 shares of the basic materials company's stock, valued at approximately $3,800,000. Huntsman accounts for about 1.5% of Kintayl Capital LP's investment portfolio, making the stock its 19th largest position. Kintayl Capital LP owned approximately 0.20% of Huntsman as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in HUN. Versant Capital Management Inc grew its holdings in Huntsman by 166.7% during the 2nd quarter. Versant Capital Management Inc now owns 2,672 shares of the basic materials company's stock valued at $28,000 after purchasing an additional 1,670 shares in the last quarter. Global Retirement Partners LLC acquired a new position in Huntsman in the 2nd quarter worth $45,000. Allworth Financial LP acquired a new position in Huntsman in the 2nd quarter worth $52,000. Advisory Services Network LLC purchased a new position in Huntsman in the 3rd quarter valued at about $58,000. Finally, Caitong International Asset Management Co. Ltd grew its stake in shares of Huntsman by 121.7% during the third quarter. Caitong International Asset Management Co. Ltd now owns 6,751 shares of the basic materials company's stock valued at $61,000 after acquiring an additional 3,706 shares in the last quarter. 84.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Peter R. Huntsman bought 100,000 shares of Huntsman stock in a transaction on Monday, August 3rd. The shares were bought at an average price of $9.81 per share, with a total value of $981,000.00. Following the acquisition, the chief executive officer directly owned 7,256,341 shares in the company, valued at approximately $71,184,705.21. This represents a 1.40% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently commented on HUN shares. Royal Bank Of Canada cut their price target on Huntsman from $11.00 to $10.00 and set a "sector perform" rating on the stock in a research note on Monday, August 3rd. Wells Fargo & Company lowered their price objective on Huntsman from $14.00 to $11.00 and set an "equal weight" rating for the company in a research note on Tuesday, August 4th. Wall Street Zen upgraded Huntsman from a "sell" rating to a "hold" rating in a report on Saturday, May 9th. UBS Group cut their target price on Huntsman from $11.00 to $10.00 and set a "neutral" rating on the stock in a research report on Monday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $11.00 target price on shares of Huntsman in a research note on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $12.50.

Huntsman Stock Performance

Shares of Huntsman stock opened at $9.56 on Wednesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.78 and a current ratio of 1.33. Huntsman Corporation has a 1 year low of $7.30 and a 1 year high of $16.08. The firm's 50-day simple moving average is $11.08 and its 200-day simple moving average is $12.61. The firm has a market cap of $1.68 billion, a PE ratio of -9.19 and a beta of 0.70.

Huntsman Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.0875 per share. The ex-dividend date is Tuesday, September 15th. This represents a $0.35 annualized dividend and a yield of 3.7%. Huntsman's dividend payout ratio is presently -33.65%.

Huntsman Profile

Huntsman Corporation is a global manufacturer and marketer of specialty chemicals with headquarters in The Woodlands, Texas. Founded in 1970 by entrepreneur Jon Huntsman Sr., the company has grown through strategic acquisitions and organic expansion to establish a broad portfolio of products serving diverse end markets. Huntsman maintains a presence in more than 30 countries, operating manufacturing facilities across North America, Europe, Asia-Pacific, Latin America and the Middle East.

The company organizes its operations into several core business segments, including Polyurethanes, Performance Products, Advanced Materials, and Textile Effects.

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