Millennium Management LLC Acquires 354,691 Shares of Huntsman Co. (NYSE:HUN)

Millennium Management LLC boosted its position in shares of Huntsman Co. (NYSE:HUN - Free Report) by 18.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,268,158 shares of the basic materials company's stock after acquiring an additional 354,691 shares during the period. Millennium Management LLC owned approximately 1.31% of Huntsman worth $40,895,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new stake in Huntsman during the fourth quarter valued at approximately $40,000. Quadrant Capital Group LLC boosted its holdings in Huntsman by 74.9% during the fourth quarter. Quadrant Capital Group LLC now owns 2,232 shares of the basic materials company's stock valued at $40,000 after purchasing an additional 956 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in Huntsman during the fourth quarter valued at approximately $60,000. Quarry LP acquired a new stake in Huntsman during the fourth quarter valued at approximately $65,000. Finally, Signaturefd LLC boosted its holdings in Huntsman by 174.5% during the fourth quarter. Signaturefd LLC now owns 4,386 shares of the basic materials company's stock valued at $79,000 after purchasing an additional 2,788 shares in the last quarter. 84.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on HUN shares. JPMorgan Chase & Co. decreased their price objective on Huntsman from $22.00 to $20.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Citigroup reduced their target price on Huntsman from $19.00 to $14.00 and set a "neutral" rating on the stock in a report on Friday, April 4th. Morgan Stanley reduced their target price on Huntsman from $20.00 to $13.50 and set an "equal weight" rating on the stock in a report on Monday, May 5th. UBS Group reduced their target price on Huntsman from $18.00 to $13.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Finally, Royal Bank of Canada reduced their target price on Huntsman from $15.00 to $12.00 and set a "sector perform" rating on the stock in a report on Monday, May 5th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Huntsman currently has a consensus rating of "Hold" and an average price target of $15.00.

Huntsman Trading Down 2.0%

NYSE:HUN traded down $0.23 during trading hours on Friday, hitting $11.40. 2,970,174 shares of the stock were exchanged, compared to its average volume of 2,610,709. The company's 50 day moving average is $13.50 and its two-hundred day moving average is $16.48. Huntsman Co. has a twelve month low of $11.15 and a twelve month high of $25.42. The company has a quick ratio of 0.83, a current ratio of 1.36 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $1.98 billion, a P/E ratio of -10.36 and a beta of 0.82.

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

Huntsman Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 8.78%. The ex-dividend date is Friday, June 13th. Huntsman's payout ratio is -109.89%.

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.