Man Group plc Reduces Holdings in Huntsman Co. (NYSE:HUN)

Man Group plc decreased its position in Huntsman Co. (NYSE:HUN - Free Report) by 21.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 393,199 shares of the basic materials company's stock after selling 109,741 shares during the period. Man Group plc owned 0.23% of Huntsman worth $7,089,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Merit Financial Group LLC acquired a new stake in Huntsman during the 4th quarter worth approximately $395,000. Nisa Investment Advisors LLC lifted its holdings in Huntsman by 19.2% during the 4th quarter. Nisa Investment Advisors LLC now owns 77,015 shares of the basic materials company's stock worth $1,389,000 after buying an additional 12,400 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Huntsman during the 4th quarter worth approximately $3,827,000. KBC Group NV lifted its holdings in Huntsman by 95.3% during the 4th quarter. KBC Group NV now owns 9,232 shares of the basic materials company's stock worth $166,000 after buying an additional 4,506 shares in the last quarter. Finally, Twelve Points Wealth Management LLC lifted its holdings in Huntsman by 20.7% during the 4th quarter. Twelve Points Wealth Management LLC now owns 76,606 shares of the basic materials company's stock worth $1,381,000 after buying an additional 13,157 shares in the last quarter. 84.81% of the stock is currently owned by institutional investors and hedge funds.

Huntsman Trading Down 2.0%

Shares of HUN stock opened at $12.41 on Tuesday. The stock has a market cap of $2.16 billion, a price-to-earnings ratio of -11.28 and a beta of 0.82. The company has a quick ratio of 0.83, a current ratio of 1.36 and a debt-to-equity ratio of 0.48. Huntsman Co. has a fifty-two week low of $11.15 and a fifty-two week high of $25.78. The firm's 50 day moving average price is $13.95 and its two-hundred day moving average price is $16.68.

Huntsman (NYSE:HUN - Get Free Report) last posted its earnings results on Thursday, May 1st. The basic materials company reported ($0.11) EPS for the quarter, hitting analysts' consensus estimates of ($0.11). Huntsman had a negative net margin of 3.13% and a negative return on equity of 0.39%. The business had revenue of $1.41 billion for the quarter, compared to analysts' expectations of $1.51 billion. During the same period in the previous year, the company posted ($0.06) earnings per share. The business's revenue for the quarter was down 4.1% compared to the same quarter last year. On average, analysts anticipate that Huntsman Co. will post 0.32 EPS for the current year.

Huntsman Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a $0.25 dividend. The ex-dividend date is Friday, June 13th. This represents a $1.00 annualized dividend and a yield of 8.06%. Huntsman's dividend payout ratio is presently -109.89%.

Analyst Ratings Changes

A number of brokerages have commented on HUN. UBS Group dropped their price objective on shares of Huntsman from $18.00 to $13.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. The Goldman Sachs Group dropped their price objective on shares of Huntsman from $19.00 to $13.50 and set a "sell" rating on the stock in a research report on Tuesday, May 6th. StockNews.com raised shares of Huntsman from a "sell" rating to a "hold" rating in a research report on Tuesday, May 13th. Bank of America downgraded shares of Huntsman from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $22.00 to $15.00 in a research report on Tuesday, April 15th. Finally, Royal Bank of Canada dropped their price objective on shares of Huntsman from $15.00 to $12.00 and set a "sector perform" rating on the stock in a research report on Monday, May 5th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $15.00.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.