Twelve Points Wealth Management LLC Buys 39,035 Shares of Huntsman Corporation (NYSE:HUN)

Twelve Points Wealth Management LLC raised its position in shares of Huntsman Corporation (NYSE:HUN - Free Report) by 51.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 115,641 shares of the basic materials company's stock after acquiring an additional 39,035 shares during the period. Twelve Points Wealth Management LLC owned approximately 0.07% of Huntsman worth $1,826,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Huntsman by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 16,482,011 shares of the basic materials company's stock valued at $297,171,000 after acquiring an additional 130,702 shares during the period. Pzena Investment Management LLC raised its position in shares of Huntsman by 320.2% during the fourth quarter. Pzena Investment Management LLC now owns 4,695,678 shares of the basic materials company's stock valued at $84,663,000 after buying an additional 3,578,100 shares during the last quarter. Nomura Holdings Inc. raised its position in shares of Huntsman by 188.3% during the fourth quarter. Nomura Holdings Inc. now owns 3,269,000 shares of the basic materials company's stock valued at $58,940,000 after buying an additional 2,135,000 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its position in shares of Huntsman by 2.7% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 3,138,234 shares of the basic materials company's stock valued at $56,582,000 after buying an additional 82,967 shares during the last quarter. Finally, Deprince Race & Zollo Inc. raised its position in shares of Huntsman by 70.2% during the fourth quarter. Deprince Race & Zollo Inc. now owns 2,762,907 shares of the basic materials company's stock valued at $49,815,000 after buying an additional 1,139,549 shares during the last quarter. 84.81% of the stock is currently owned by institutional investors.

Huntsman Price Performance

Huntsman stock traded up $0.31 during trading hours on Thursday, hitting $11.89. 6,478,653 shares of the stock were exchanged, compared to its average volume of 2,867,176. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.82 and a current ratio of 1.48. The stock has a market capitalization of $2.07 billion, a P/E ratio of -13.07 and a beta of 0.70. Huntsman Corporation has a 12 month low of $10.13 and a 12 month high of $25.12. The business's 50-day moving average is $11.41 and its two-hundred day moving average is $14.51.

Huntsman (NYSE:HUN - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The basic materials company reported ($0.11) earnings per share for the quarter, hitting the consensus estimate of ($0.11). The firm had revenue of $1.41 billion for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.06) earnings per share. Equities research analysts expect that Huntsman Corporation will post 0.32 EPS for the current fiscal year.

Huntsman Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, June 13th. This represents a $1.00 annualized dividend and a yield of 8.41%. Huntsman's dividend payout ratio is -109.89%.

Analyst Ratings Changes

HUN has been the subject of a number of research analyst reports. Morgan Stanley cut 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. JPMorgan Chase & Co. cut their price objective on shares of Huntsman from $22.00 to $20.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Wall Street Zen lowered shares of Huntsman from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. Wells Fargo & Company lowered shares of Huntsman from an "overweight" rating to a "reduce" rating in a research report on Monday, May 5th. Finally, Royal Bank Of Canada dropped their price target on shares of Huntsman from $15.00 to $12.00 and set a "sector perform" rating for the company in a research report on Monday, May 5th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $14.28.

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.