Huntsman Co. (NYSE:HUN) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC lowered its position in shares of Huntsman Co. (NYSE:HUN - Free Report) by 13.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 667,444 shares of the basic materials company's stock after selling 105,408 shares during the period. Nuveen Asset Management LLC owned 0.39% of Huntsman worth $12,034,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Millennium Management LLC lifted its holdings in shares of Huntsman by 18.5% in the 4th quarter. Millennium Management LLC now owns 2,268,158 shares of the basic materials company's stock worth $40,895,000 after acquiring an additional 354,691 shares during the last quarter. Lazard Asset Management LLC bought a new position in shares of Huntsman in the 4th quarter worth about $1,127,000. Jacobs Levy Equity Management Inc. increased its stake in shares of Huntsman by 2.7% in 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 acquiring an additional 82,967 shares in the last quarter. Jefferies Financial Group Inc. grew its position in Huntsman by 4,078.9% during the 4th quarter. Jefferies Financial Group Inc. now owns 500,000 shares of the basic materials company's stock valued at $9,015,000 after purchasing an additional 488,035 shares during the last quarter. Finally, Forest Hill Capital LLC purchased a new stake in shares of Huntsman during the 4th quarter valued at about $2,795,000. Hedge funds and other institutional investors own 84.81% of the company's stock.

Huntsman Stock Performance

NYSE HUN traded down $0.26 on Friday, reaching $11.12. The stock had a trading volume of 3,603,592 shares, compared to its average volume of 2,650,777. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.83 and a current ratio of 1.36. Huntsman Co. has a 12-month low of $11.05 and a 12-month high of $25.12. The business's 50-day moving average price is $13.00 and its 200 day moving average price is $16.15. The stock has a market cap of $1.93 billion, a P/E ratio of -10.11 and a beta of 0.82.

Huntsman (NYSE:HUN - Get Free Report) last released its 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). Huntsman had a negative return on equity of 0.39% and a negative net margin of 3.13%. The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the previous year, the company posted ($0.06) earnings per share. The company's revenue for the quarter was down 4.1% compared to the same quarter last year. As a group, equities analysts expect that Huntsman Co. will post 0.32 earnings per share for the current year.

Huntsman Announces Dividend

The company 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. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.00 dividend on an annualized basis and a yield of 8.99%. Huntsman's payout ratio is -109.89%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on HUN shares. Morgan Stanley dropped their price objective on shares of Huntsman from $20.00 to $13.50 and set an "equal weight" rating on the stock in a report on Monday, May 5th. Wall Street Zen downgraded shares of Huntsman from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. 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 report on Monday, April 7th. Bank of America downgraded shares of Huntsman from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $22.00 to $15.00 in a report on Tuesday, April 15th. Finally, Citigroup decreased their target price on shares of Huntsman from $19.00 to $14.00 and set a "neutral" rating on the stock in a research note on Friday, April 4th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $15.00.

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.