Thomist Capital Management LP Decreases Stake in Huntsman Co. (NYSE:HUN)

Thomist Capital Management LP lowered its holdings in Huntsman Co. (NYSE:HUN - Free Report) by 29.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 172,900 shares of the basic materials company's stock after selling 72,000 shares during the period. Huntsman makes up 0.7% of Thomist Capital Management LP's investment portfolio, making the stock its 26th largest position. Thomist Capital Management LP owned about 0.10% of Huntsman worth $3,038,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of HUN. Merit Financial Group LLC purchased a new position in Huntsman in the 4th quarter worth approximately $395,000. Nisa Investment Advisors LLC increased its position in shares of Huntsman by 19.2% during the 4th quarter. Nisa Investment Advisors LLC now owns 77,015 shares of the basic materials company's stock valued at $1,389,000 after purchasing an additional 12,400 shares during the last quarter. SG Americas Securities LLC bought a new stake in Huntsman in the 4th quarter worth approximately $3,827,000. KBC Group NV grew its position in Huntsman by 95.3% during the fourth quarter. KBC Group NV now owns 9,232 shares of the basic materials company's stock valued at $166,000 after acquiring an additional 4,506 shares during the last quarter. Finally, Twelve Points Wealth Management LLC raised its stake in shares of Huntsman by 20.7% during the fourth quarter. Twelve Points Wealth Management LLC now owns 76,606 shares of the basic materials company's stock worth $1,381,000 after acquiring an additional 13,157 shares in the last quarter. Institutional investors own 84.81% of the company's stock.

Huntsman Stock Performance

Huntsman stock traded down $0.31 during midday trading on Friday, hitting $11.33. The stock had a trading volume of 1,084,689 shares, compared to its average volume of 2,600,288. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.48. Huntsman Co. has a 52-week low of $11.15 and a 52-week high of $25.56. The company has a market capitalization of $1.97 billion, a PE ratio of -10.30 and a beta of 0.82. The firm's fifty day moving average is $13.62 and its two-hundred day moving average is $16.55.

Huntsman (NYSE:HUN - Get Free Report) last released its earnings results on Thursday, May 1st. The basic materials company reported ($0.11) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.11). Huntsman had a negative return on equity of 0.39% and a negative net margin of 3.13%. The firm had revenue of $1.41 billion during the quarter, compared to analysts' expectations of $1.51 billion. During the same quarter last year, the business posted ($0.06) earnings per share. The firm's revenue was down 4.1% on a year-over-year basis. On average, research analysts forecast that Huntsman Co. will post 0.32 EPS for the current year.

Huntsman Dividend Announcement

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 paid a dividend of $0.25 per share. The ex-dividend date is Friday, June 13th. This represents a $1.00 annualized dividend and a yield of 8.83%. Huntsman's payout ratio is -109.89%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on HUN. Citigroup lowered their target price on Huntsman from $19.00 to $14.00 and set a "neutral" rating for the company in a research note on Friday, April 4th. JPMorgan Chase & Co. reduced their price target on shares of 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 lowered their price objective on shares of Huntsman from $20.00 to $13.50 and set an "equal weight" rating for the company in a report on Monday, May 5th. Royal Bank of Canada decreased their target price on Huntsman from $15.00 to $12.00 and set a "sector perform" rating for the company in a research report on Monday, May 5th. Finally, Bank of America cut Huntsman from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $22.00 to $15.00 in a research note on Tuesday, April 15th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $15.00.

Huntsman 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.