Pallas Capital Advisors LLC increased its stake in shares of Huntsman Co. (NYSE:HUN - Free Report) by 436.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 133,352 shares of the basic materials company's stock after purchasing an additional 108,508 shares during the period. Pallas Capital Advisors LLC owned 0.08% of Huntsman worth $2,106,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently modified their holdings of the company. Quadrant Capital Group LLC raised its stake in shares of Huntsman by 74.9% in the 4th quarter. Quadrant Capital Group LLC now owns 2,232 shares of the basic materials company's stock valued at $40,000 after acquiring an additional 956 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Huntsman by 4.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 31,694 shares of the basic materials company's stock valued at $571,000 after acquiring an additional 1,212 shares during the period. Mariner LLC raised its stake in shares of Huntsman by 10.0% in the 4th quarter. Mariner LLC now owns 13,550 shares of the basic materials company's stock valued at $244,000 after acquiring an additional 1,233 shares during the period. Bridgefront Capital LLC raised its stake in shares of Huntsman by 16.7% in the 4th quarter. Bridgefront Capital LLC now owns 11,120 shares of the basic materials company's stock valued at $200,000 after acquiring an additional 1,594 shares during the period. Finally, Legal & General Group Plc raised its stake in shares of Huntsman by 0.6% in the 4th quarter. Legal & General Group Plc now owns 312,035 shares of the basic materials company's stock valued at $5,626,000 after acquiring an additional 1,905 shares during the period. Institutional investors and hedge funds own 84.81% of the company's stock.
Analyst Ratings Changes
Several research firms recently issued reports on HUN. UBS Group decreased their target price on Huntsman from $18.00 to $13.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. Royal Bank of Canada decreased their target price on Huntsman from $15.00 to $12.00 and set a "sector perform" rating on the stock in a research note on Monday, May 5th. Bank of America lowered Huntsman from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $22.00 to $15.00 in a research note on Tuesday, April 15th. Citigroup decreased their target price on Huntsman from $19.00 to $14.00 and set a "neutral" rating on the stock in a research note on Friday, April 4th. Finally, The Goldman Sachs Group decreased their price target on shares of Huntsman from $19.00 to $13.50 and set a "sell" rating for the company in a research report on Tuesday, May 6th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Huntsman has a consensus rating of "Hold" and an average target price of $15.00.
Read Our Latest Research Report on Huntsman
Huntsman Stock Down 0.4%
HUN stock traded down $0.05 during midday trading on Wednesday, reaching $12.06. 2,708,296 shares of the company were exchanged, compared to its average volume of 2,685,927. Huntsman Co. has a 1-year low of $10.75 and a 1-year high of $25.12. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.83 and a current ratio of 1.36. The company has a market cap of $2.09 billion, a price-to-earnings ratio of -10.96 and a beta of 0.73. The stock's 50-day simple moving average is $12.40 and its 200 day simple moving average is $15.73.
Huntsman (NYSE:HUN - Get Free Report) last posted its earnings results on Thursday, May 1st. The basic materials company reported ($0.11) earnings per share for the quarter, meeting the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the previous year, the business earned ($0.06) EPS. The business's quarterly revenue was down 4.1% on a year-over-year basis. On average, equities analysts forecast that Huntsman Co. will post 0.32 earnings per share for the current year.
Huntsman Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 8.30%. The ex-dividend date is Friday, June 13th. Huntsman's dividend payout ratio is currently -109.89%.
About Huntsman
(
Free Report)
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.
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