Systematic Financial Management LP Buys 95,390 Shares of Huntsman Corporation $HUN

Key Points

• Systematic Financial Management LP increased its stake in Huntsman Corporation by 15.0% during the first quarter, owning approximately 731,805 shares valued at about $11.56 million.
• Several major investors, including Yousif Capital Management, Entropy Technologies, and Hexagon Capital Partners, also boosted their positions in Huntsman, highlighting significant interest from institutional investors who own 84.81% of the company’s stock.
• Analysts have recently downgraded Huntsman's ratings, with Morgan Stanley reducing its price target from $20.00 to $13.50, and the stock currently holds a consensus rating of "Hold" and a price target of $12.06.

Systematic Financial Management LP grew its position in shares of Huntsman Corporation (NYSE:HUN - Free Report) by 15.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 731,805 shares of the basic materials company's stock after acquiring an additional 95,390 shares during the quarter. Systematic Financial Management LP owned 0.42% of Huntsman worth $11,555,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of HUN. Mariner LLC boosted its holdings in Huntsman by 10.0% during the 4th quarter. Mariner LLC now owns 13,550 shares of the basic materials company's stock worth $244,000 after acquiring an additional 1,233 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in shares of Huntsman by 324.1% in the 4th quarter. NewEdge Advisors LLC now owns 46,761 shares of the basic materials company's stock worth $843,000 after buying an additional 35,734 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Huntsman by 342.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 9,743 shares of the basic materials company's stock worth $176,000 after buying an additional 7,540 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its holdings in shares of Huntsman by 4.0% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 120,250 shares of the basic materials company's stock worth $2,168,000 after buying an additional 4,620 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new position in shares of Huntsman in the 4th quarter worth about $4,572,000. 84.81% of the stock is owned by hedge funds and other institutional investors.

Huntsman Price Performance

Shares of HUN traded down $0.08 during midday trading on Thursday, hitting $10.91. 4,678,541 shares of the company traded hands, compared to its average volume of 3,927,807. The stock has a 50-day moving average of $10.59 and a 200-day moving average of $12.91. Huntsman Corporation has a one year low of $8.91 and a one year high of $25.12. The firm has a market cap of $1.89 billion, a P/E ratio of -5.59 and a beta of 0.70. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.43 and a quick ratio of 0.85.

Huntsman (NYSE:HUN - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The basic materials company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.05). Huntsman had a negative net margin of 5.75% and a negative return on equity of 2.48%. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the prior year, the company earned $0.14 earnings per share. The company's quarterly revenue was down 7.4% on a year-over-year basis. As a group, sell-side analysts predict 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 will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 9.2%. The ex-dividend date is Monday, September 15th. Huntsman's dividend payout ratio is -51.28%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on HUN shares. Royal Bank Of Canada cut their price target on shares of Huntsman from $12.00 to $10.00 and set a "sector perform" rating on the stock in a report on Monday, August 4th. Wall Street Zen downgraded shares of Huntsman from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Morgan Stanley lowered their price objective on Huntsman from $20.00 to $13.50 and set an "equal weight" rating on the stock in a research note on Monday, May 5th. 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 research note on Monday, May 5th. Finally, The Goldman Sachs Group lowered their price objective on Huntsman from $12.00 to $10.00 and set a "sell" rating on the stock in a research note on Thursday, August 7th. One analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $12.06.

Huntsman Company Profile

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.