Huntsman Corporation (NYSE:HUN) Shares Purchased by Pzena Investment Management LLC

Pzena Investment Management LLC lifted its position in shares of Huntsman Corporation (NYSE:HUN - Free Report) by 3.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,859,007 shares of the basic materials company's stock after purchasing an additional 163,329 shares during the period. Pzena Investment Management LLC owned about 2.80% of Huntsman worth $76,724,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hexagon Capital Partners LLC increased its position in shares of Huntsman by 177.9% during the first 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 in the last quarter. Quadrant Capital Group LLC grew its holdings in shares of Huntsman by 74.9% during the fourth quarter. Quadrant Capital Group LLC now owns 2,232 shares of the basic materials company's stock worth $40,000 after buying an additional 956 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new position in shares of Huntsman during the fourth quarter worth about $60,000. Versant Capital Management Inc grew its holdings in shares of 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 worth $64,000 after buying an additional 3,917 shares during the last quarter. Finally, Quarry LP purchased a new position in shares of Huntsman during the fourth quarter worth about $65,000. Institutional investors and hedge funds own 84.81% of the company's stock.

Huntsman Price Performance

Shares of HUN stock traded up $0.03 during midday trading on Friday, reaching $11.33. 3,223,279 shares of the company traded hands, compared to its average volume of 2,893,353. The firm's 50 day simple moving average is $11.37 and its two-hundred day simple moving average is $14.28. Huntsman Corporation has a 1-year low of $10.13 and a 1-year high of $25.12. 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 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 posted its quarterly 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 net margin of 2.63% and a negative return on equity of 0.65%. The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same period last year, the firm earned ($0.06) EPS. The company's revenue for the quarter was down 4.1% on a year-over-year basis. On average, equities research analysts expect that Huntsman Corporation will post 0.32 EPS for the current fiscal year.

Huntsman Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were given a dividend of $0.25 per share. The ex-dividend date was Friday, June 13th. This represents a $1.00 annualized dividend and a dividend yield of 8.83%. Huntsman's dividend payout ratio is currently -109.89%.

Wall Street Analysts Forecast Growth

HUN has been the topic of a number of research reports. Wells Fargo & Company lowered Huntsman from an "overweight" rating to a "reduce" rating in a report on Monday, May 5th. Bank of America lowered Huntsman from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $22.00 to $15.00 in a report on Tuesday, April 15th. UBS Group lowered their price target on Huntsman from $13.00 to $11.00 and set a "neutral" rating on the stock in a report on Wednesday, July 9th. Morgan Stanley lowered their price target on Huntsman from $20.00 to $13.50 and set an "equal weight" rating on the stock in a report on Monday, May 5th. Finally, JPMorgan Chase & Co. lowered 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. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, Huntsman currently has a consensus rating of "Hold" and an average price target of $13.17.

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.