Teza Capital Management LLC Sells 53,164 Shares of Huntsman Co. (NYSE:HUN)

Teza Capital Management LLC trimmed its stake in shares of Huntsman Co. (NYSE:HUN - Free Report) by 59.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 36,608 shares of the basic materials company's stock after selling 53,164 shares during the quarter. Teza Capital Management LLC's holdings in Huntsman were worth $660,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HUN. Systematic Financial Management LP grew its position in Huntsman by 8.0% during the fourth quarter. Systematic Financial Management LP now owns 636,415 shares of the basic materials company's stock worth $11,475,000 after buying an additional 47,209 shares in the last quarter. Shay Capital LLC purchased a new position in Huntsman during the fourth quarter worth about $513,000. Point72 Hong Kong Ltd purchased a new position in Huntsman during the fourth quarter worth about $437,000. Quantinno Capital Management LP grew its position in Huntsman by 112.6% during the fourth quarter. Quantinno Capital Management LP now owns 40,482 shares of the basic materials company's stock worth $730,000 after buying an additional 21,445 shares in the last quarter. Finally, Nomura Holdings Inc. grew its position in Huntsman by 188.3% during the fourth quarter. Nomura Holdings Inc. now owns 3,269,000 shares of the basic materials company's stock worth $58,940,000 after buying an additional 2,135,000 shares in the last quarter. 84.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

HUN has been the subject of several recent analyst reports. StockNews.com upgraded Huntsman from a "sell" rating to a "hold" rating in a research report on Tuesday, May 13th. Wells Fargo & Company cut Huntsman from an "overweight" rating to a "reduce" rating in a research report on Monday, May 5th. UBS Group reduced their target price on Huntsman from $18.00 to $13.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. Royal Bank of Canada cut their price objective on Huntsman from $15.00 to $12.00 and set a "sector perform" rating for the company in a report on Monday, May 5th. Finally, Bank of America cut Huntsman from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $22.00 to $15.00 in a report on Tuesday, April 15th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $15.00.

Huntsman Price Performance

HUN opened at $12.41 on Tuesday. The stock has a 50-day moving average price of $13.95 and a 200-day moving average price of $16.68. Huntsman Co. has a 12-month low of $11.15 and a 12-month high of $25.78. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $2.16 billion, a P/E ratio of -11.28 and a beta of 0.82.

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). The company had revenue of $1.41 billion during the quarter, compared to analysts' expectations of $1.51 billion. Huntsman had a negative return on equity of 0.39% and a negative net margin of 3.13%. Huntsman's quarterly revenue was down 4.1% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.06) EPS. Equities analysts predict that Huntsman Co. will post 0.32 earnings per share for the current fiscal year.

Huntsman Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 8.06%. The ex-dividend date of this dividend is Friday, June 13th. Huntsman's dividend payout ratio is presently -109.89%.

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.

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