Huntsman Co. (NYSE:HUN) Shares Purchased by Millennium Management LLC

Millennium Management LLC raised its stake in shares of Huntsman Co. (NYSE:HUN - Free Report) by 18.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,268,158 shares of the basic materials company's stock after purchasing an additional 354,691 shares during the quarter. Millennium Management LLC owned about 1.31% of Huntsman worth $40,895,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Huntsman by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 16,482,011 shares of the basic materials company's stock valued at $297,171,000 after acquiring an additional 130,702 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Huntsman by 6.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,686,557 shares of the basic materials company's stock valued at $102,529,000 after purchasing an additional 349,502 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Huntsman by 14.2% in the fourth quarter. Northern Trust Corp now owns 1,009,093 shares of the basic materials company's stock valued at $18,194,000 after purchasing an additional 125,595 shares during the period. Madison Investment Advisors LLC purchased a new position in shares of Huntsman in the fourth quarter worth about $1,338,000. Finally, Icon Advisers Inc. Co. lifted its holdings in shares of Huntsman by 86.3% during the fourth quarter. Icon Advisers Inc. Co. now owns 136,000 shares of the basic materials company's stock worth $2,452,000 after purchasing an additional 63,000 shares during the period. Hedge funds and other institutional investors own 84.81% of the company's stock.

Huntsman Price Performance

NYSE HUN traded down $0.23 during trading hours on Tuesday, reaching $12.19. The company's stock had a trading volume of 3,457,448 shares, compared to its average volume of 2,594,497. The firm has a market capitalization of $2.12 billion, a price-to-earnings ratio of -11.08 and a beta of 0.82. Huntsman Co. has a 1-year low of $11.15 and a 1-year high of $25.78. The company's 50-day moving average is $13.86 and its two-hundred day moving average is $16.65. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.36 and a quick ratio of 0.83.

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

Huntsman Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.20%. Huntsman's dividend payout ratio is currently -109.89%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on HUN shares. Citigroup cut their price target on shares of Huntsman from $19.00 to $14.00 and set a "neutral" rating on the stock in a report on Friday, April 4th. StockNews.com upgraded shares of Huntsman from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th. JPMorgan Chase & Co. decreased their target price on shares of Huntsman from $22.00 to $20.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. UBS Group cut their price target on Huntsman from $18.00 to $13.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. Finally, Morgan Stanley decreased their price objective on Huntsman from $20.00 to $13.50 and set an "equal weight" rating for the company in a report on Monday, May 5th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company 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.