Systematic Financial Management LP grew its position in Huntsman Co. (NYSE:HUN - Free Report) by 8.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 636,415 shares of the basic materials company's stock after buying an additional 47,209 shares during the quarter. Systematic Financial Management LP owned 0.37% of Huntsman worth $11,475,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Merit Financial Group LLC acquired a new stake in shares of Huntsman during the fourth quarter worth about $395,000. Nisa Investment Advisors LLC lifted its holdings in Huntsman by 19.2% during the 4th quarter. Nisa Investment Advisors LLC now owns 77,015 shares of the basic materials company's stock worth $1,389,000 after buying an additional 12,400 shares in the last quarter. SG Americas Securities LLC purchased a new position in Huntsman in the 4th quarter valued at approximately $3,827,000. KBC Group NV grew its stake in shares of Huntsman by 95.3% in the fourth quarter. KBC Group NV now owns 9,232 shares of the basic materials company's stock worth $166,000 after acquiring an additional 4,506 shares in the last quarter. Finally, Twelve Points Wealth Management LLC raised its stake in shares of Huntsman by 20.7% in the fourth quarter. Twelve Points Wealth Management LLC now owns 76,606 shares of the basic materials company's stock valued at $1,381,000 after acquiring an additional 13,157 shares in the last quarter. Hedge funds and other institutional investors own 84.81% of the company's stock.
Huntsman Stock Performance
Shares of HUN stock traded down $0.30 during trading hours on Friday, reaching $11.33. 1,084,689 shares of the company's stock were exchanged, compared to its average volume of 2,600,288. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.36 and a quick ratio of 0.83. Huntsman Co. has a 1 year low of $11.15 and a 1 year high of $25.56. The company has a market cap of $1.97 billion, a P/E ratio of -10.30 and a beta of 0.82. The company's 50 day moving average is $13.62 and its two-hundred day moving average is $16.55.
Huntsman (NYSE:HUN - Get Free Report) last issued its earnings results on Thursday, May 1st. The basic materials company reported ($0.11) EPS for the quarter, hitting the consensus estimate of ($0.11). The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.51 billion. Huntsman had a negative net margin of 3.13% and a negative return on equity of 0.39%. The business's revenue was down 4.1% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.06) EPS. Equities research analysts anticipate that Huntsman Co. will post 0.32 EPS for the current fiscal year.
Huntsman Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.83%. The ex-dividend date is Friday, June 13th. Huntsman's dividend payout ratio is currently -109.89%.
Analyst Ratings Changes
A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. reduced their price target on Huntsman from $22.00 to $20.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. Morgan Stanley decreased their price objective on shares of Huntsman from $20.00 to $13.50 and set an "equal weight" rating for the company in a research report on Monday, May 5th. The Goldman Sachs Group dropped their price objective on Huntsman from $19.00 to $13.50 and set a "sell" rating on the stock in a report on Tuesday, May 6th. Wells Fargo & Company downgraded shares of Huntsman from an "overweight" rating to a "reduce" rating in a research report on Monday, May 5th. Finally, UBS Group cut their target price on Huntsman from $18.00 to $13.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. Three equities 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 company's stock. According to MarketBeat, Huntsman currently has a consensus rating of "Hold" and an average target price of $15.00.
Check Out Our Latest Analysis on HUN
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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