Teacher Retirement System of Texas boosted its holdings in shares of Huntsman Corporation (NYSE:HUN - Free Report) by 72.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 63,424 shares of the basic materials company's stock after purchasing an additional 26,551 shares during the quarter. Teacher Retirement System of Texas' holdings in Huntsman were worth $1,001,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Quadrant Capital Group LLC increased its position in Huntsman by 74.9% during the fourth 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 last quarter. Aster Capital Management DIFC Ltd bought a new position in Huntsman during the fourth quarter valued at $60,000. Versant Capital Management Inc increased its position 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 last quarter. Quarry LP bought a new position in Huntsman during the fourth quarter valued at $65,000. Finally, Parallel Advisors LLC increased its position in Huntsman by 157.8% during the first quarter. Parallel Advisors LLC now owns 4,687 shares of the basic materials company's stock valued at $74,000 after acquiring an additional 2,869 shares during the last quarter. Hedge funds and other institutional investors own 84.81% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on HUN shares. The Goldman Sachs Group cut their price objective on shares of Huntsman from $13.50 to $12.00 and set a "sell" rating on the stock in a research report on Tuesday, July 8th. UBS Group cut their price objective on shares of Huntsman from $13.00 to $11.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 9th. Citigroup restated a "neutral" rating and issued a $11.00 price target (down from $12.00) on shares of Huntsman in a report on Thursday, July 10th. Bank of America cut shares of Huntsman from a "buy" rating to a "neutral" rating and cut their price target for the stock from $22.00 to $15.00 in a report on Tuesday, April 15th. Finally, Royal Bank Of Canada cut their price target on shares of Huntsman from $15.00 to $12.00 and set a "sector perform" rating on the stock in a report on Monday, May 5th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Huntsman currently has a consensus rating of "Hold" and a consensus price target of $13.17.
Read Our Latest Stock Analysis on HUN
Huntsman Stock Down 0.0%
Shares of HUN stock traded down $0.00 during mid-day trading on Thursday, hitting $11.30. 3,215,627 shares of the stock traded hands, compared to its average volume of 2,892,034. The stock has a market cap of $1.96 billion, a P/E ratio of -12.41 and a beta of 0.70. The stock's fifty day moving average is $11.37 and its two-hundred day moving average is $14.28. Huntsman Corporation has a 52-week low of $10.13 and a 52-week 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.
Huntsman (NYSE:HUN - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The basic materials company reported ($0.11) EPS for the quarter, meeting the consensus estimate of ($0.11). The business had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.51 billion. Huntsman had a negative net margin of 2.63% and a negative return on equity of 0.65%. The company's quarterly revenue was down 4.1% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.06) earnings per share. Equities analysts predict that Huntsman Corporation will post 0.32 EPS for the current year.
Huntsman Announces Dividend
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 $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 8.85%. The ex-dividend date of this dividend was Friday, June 13th. Huntsman's payout ratio is currently -109.89%.
Huntsman 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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