Pzena Investment Management LLC lifted its position in Huntsman Corporation (NYSE:HUN - Free Report) by 3.5% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,859,007 shares of the basic materials company's stock after acquiring an additional 163,329 shares during the quarter. Pzena Investment Management LLC owned approximately 2.80% of Huntsman worth $76,724,000 as of its most recent filing with the SEC.
Several other hedge funds have also made changes to their positions in HUN. Hexagon Capital Partners LLC increased its stake in shares of Huntsman by 177.9% during the 1st quarter. Hexagon Capital Partners LLC now owns 2,179 shares of the basic materials company's stock worth $34,000 after purchasing an additional 1,395 shares during the last quarter. Quadrant Capital Group LLC grew its stake in 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 buying an additional 956 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in Huntsman during the 4th quarter worth $60,000. Quarry LP bought a new stake in Huntsman during the fourth quarter valued at about $65,000. Finally, Versant Capital Management Inc boosted its holdings in Huntsman by 2,388.4% during the first quarter. Versant Capital Management Inc now owns 4,081 shares of the basic materials company's stock valued at $64,000 after acquiring an additional 3,917 shares during the period. Hedge funds and other institutional investors own 84.81% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on the stock. UBS Group decreased their price target on shares of Huntsman from $13.00 to $11.00 and set a "neutral" rating for the company in a report on Wednesday, July 9th. Bank of America cut shares of Huntsman from a "buy" rating to a "neutral" rating and decreased their price target for the company from $22.00 to $15.00 in a report on Tuesday, April 15th. JPMorgan Chase & Co. decreased their price target on shares of Huntsman from $22.00 to $20.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Wall Street Zen lowered shares of Huntsman from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. Finally, Citigroup restated a "neutral" rating and set a $11.00 price objective (down previously from $12.00) on shares of Huntsman in a report on Thursday, July 10th. Three 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. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $13.17.
Read Our Latest Stock Report on HUN
Huntsman Price Performance
Shares of Huntsman stock traded up $0.03 during trading on Friday, hitting $11.33. 3,223,279 shares of the company's stock traded hands, compared to its average volume of 2,904,938. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.48 and a quick ratio of 0.82. The firm's fifty day moving average price is $11.36 and its 200 day moving average price is $14.18. Huntsman Corporation has a twelve month low of $10.13 and a twelve month high of $25.12. The company has a market cap of $1.97 billion, a PE ratio of -12.45 and a beta of 0.70.
Huntsman (NYSE:HUN - Get Free Report) last issued 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 net margin of 2.63% and a negative return on equity of 0.65%. The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same period in the previous year, the business earned ($0.06) EPS. The firm's revenue was down 4.1% on a year-over-year basis. Analysts forecast that Huntsman Corporation will post 0.32 earnings per share for the current year.
Huntsman Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 8.83%. The ex-dividend date of this dividend was Friday, June 13th. Huntsman's dividend payout ratio is currently -109.89%.
Huntsman Company Profile
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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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