Oak Thistle LLC Has $838,000 Stock Position in Huntsman Corporation $HUN

Key Points

• Oak Thistle LLC cut its Huntsman stake by 50.4% in Q4, selling 85,000 shares and finishing the quarter with 83,775 shares valued at about $838,000.
• Huntsman reported Q4 EPS of ($0.37), missing estimates by $0.08, with revenue of $1.36 billion (down 6.7% y/y) and negative net margin and return on equity.
• Institutional investors hold roughly 84.8% of the stock; analyst sentiment is weak (average "Reduce") with a consensus target of $12.41, while the company has a ~$2.38 billion market cap and a 2.6% dividend yield.

Oak Thistle LLC lessened its holdings in shares of Huntsman Corporation (NYSE:HUN - Free Report) by 50.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 83,775 shares of the basic materials company's stock after selling 85,000 shares during the quarter. Oak Thistle LLC's holdings in Huntsman were worth $838,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kelleher Financial Advisors raised its position in shares of Huntsman by 2,013.1% during the fourth quarter. Kelleher Financial Advisors now owns 29,013 shares of the basic materials company's stock worth $290,000 after purchasing an additional 27,640 shares during the period. Pallas Capital Advisors LLC grew its position in shares of Huntsman by 32.3% in the 4th quarter. Pallas Capital Advisors LLC now owns 36,543 shares of the basic materials company's stock valued at $365,000 after purchasing an additional 8,923 shares during the period. Norden Group LLC bought a new stake in Huntsman during the 4th quarter worth approximately $144,000. DAVENPORT & Co LLC increased its stake in Huntsman by 39.1% during the 4th quarter. DAVENPORT & Co LLC now owns 15,375 shares of the basic materials company's stock worth $154,000 after purchasing an additional 4,325 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in Huntsman by 61.9% during the 4th quarter. SG Americas Securities LLC now owns 3,377,627 shares of the basic materials company's stock worth $33,776,000 after buying an additional 1,291,407 shares during the period. 84.81% of the stock is owned by institutional investors and hedge funds.

Huntsman Stock Up 1.2%

HUN stock opened at $13.69 on Friday. The company has a market cap of $2.38 billion, a price-to-earnings ratio of -8.34 and a beta of 0.59. Huntsman Corporation has a twelve month low of $7.30 and a twelve month high of $14.38. The business has a 50 day moving average price of $12.60 and a two-hundred day moving average price of $10.70. The company has a quick ratio of 0.78, a current ratio of 1.30 and a debt-to-equity ratio of 0.56.

Huntsman (NYSE:HUN - Get Free Report) last released its quarterly earnings data on Tuesday, February 17th. The basic materials company reported ($0.37) EPS for the quarter, missing the consensus estimate of ($0.29) by ($0.08). Huntsman had a negative net margin of 5.00% and a negative return on equity of 3.97%. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same period in the previous year, the company posted ($0.25) EPS. The company's quarterly revenue was down 6.7% compared to the same quarter last year. Analysts anticipate that Huntsman Corporation will post 0.32 EPS for the current fiscal year.

Huntsman Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th were given a $0.0875 dividend. This represents a $0.35 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Friday, March 13th. Huntsman's dividend payout ratio (DPR) is -21.34%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. UBS Group increased their price objective on shares of Huntsman from $12.00 to $14.00 and gave the stock a "neutral" rating in a research report on Thursday, February 19th. Citigroup boosted their price objective on shares of Huntsman from $12.00 to $14.00 and gave the company a "neutral" rating in a research report on Thursday, February 19th. Wall Street Zen raised shares of Huntsman from a "strong sell" rating to a "sell" rating in a research note on Saturday. JPMorgan Chase & Co. downgraded Huntsman from an "overweight" rating to a "neutral" rating and lifted their price target for the company from $11.00 to $14.00 in a research note on Thursday, February 19th. Finally, Weiss Ratings restated a "sell (d)" rating on shares of Huntsman in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eight have assigned a Hold rating and four have issued a Sell rating to the company's stock. Based on data from MarketBeat, Huntsman currently has an average rating of "Reduce" and a consensus target price of $12.41.

Huntsman Company 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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