Twelve Points Wealth Management LLC Sells 87,742 Shares of Huntsman Corporation $HUN

Key Points

• Twelve Points Wealth Management cut its Huntsman stake by 51.5%, selling 87,742 shares and leaving the firm with 82,541 shares worth about $825,000 at quarter end.
• Wall Street sentiment is mixed-to-negative—analysts recently adjusted targets (e.g., Wells Fargo and UBS raised theirs) but the MarketBeat consensus is "Reduce" with an average target of $12.41.
• Huntsman posted a quarterly EPS of -$0.37 (missing estimates) on $1.36B revenue, trades around $13.69 with a $2.38B market cap, and pays a quarterly dividend that annualizes to $0.35 (≈2.6% yield).

Twelve Points Wealth Management LLC lowered its position in shares of Huntsman Corporation (NYSE:HUN - Free Report) by 51.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 82,541 shares of the basic materials company's stock after selling 87,742 shares during the period. Twelve Points Wealth Management LLC's holdings in Huntsman were worth $825,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of HUN. Strategic Advocates LLC bought a new stake in Huntsman during the 3rd quarter worth $27,000. SJS Investment Consulting Inc. bought a new stake in Huntsman during the 3rd quarter worth $33,000. GAMMA Investing LLC grew its position in Huntsman by 104.9% during the 3rd quarter. GAMMA Investing LLC now owns 3,935 shares of the basic materials company's stock worth $35,000 after acquiring an additional 2,015 shares during the last quarter. Strengthening Families & Communities LLC grew its position in Huntsman by 2,182.0% during the 3rd quarter. Strengthening Families & Communities LLC now owns 4,313 shares of the basic materials company's stock worth $39,000 after acquiring an additional 4,124 shares during the last quarter. Finally, Bayforest Capital Ltd grew its position in Huntsman by 986.0% during the 3rd quarter. Bayforest Capital Ltd now owns 6,505 shares of the basic materials company's stock worth $58,000 after acquiring an additional 5,906 shares during the last quarter. Institutional investors own 84.81% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on HUN shares. Wells Fargo & Company boosted their price objective on Huntsman from $9.00 to $12.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 19th. Mizuho lifted their target price on Huntsman from $8.00 to $9.00 and gave the stock an "underperform" rating in a report on Wednesday, February 18th. KeyCorp reaffirmed a "sector weight" rating on shares of Huntsman in a report on Monday, December 22nd. UBS Group lifted their target price on Huntsman from $12.00 to $14.00 and gave the stock a "neutral" rating in a report on Thursday, February 19th. Finally, The Goldman Sachs Group reaffirmed a "sell" rating and set a $13.00 target price on shares of Huntsman in a report on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eight have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Reduce" and an average target price of $12.41.

Huntsman Stock Up 1.2%

Shares of HUN opened at $13.69 on Friday. The company has a market capitalization of $2.38 billion, a PE ratio of -8.34 and a beta of 0.59. Huntsman Corporation has a 12 month low of $7.30 and a 12 month high of $14.38. The stock's 50-day moving average price is $12.60 and its two-hundred day moving average price is $10.70. The company has a current ratio of 1.30, a quick ratio of 0.78 and a debt-to-equity ratio of 0.56.

Huntsman (NYSE:HUN - Get Free Report) last announced its quarterly earnings data on Tuesday, February 17th. The basic materials company reported ($0.37) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.29) by ($0.08). The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.34 billion. Huntsman had a negative net margin of 5.00% and a negative return on equity of 3.97%. The firm's revenue for the quarter was down 6.7% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.25) earnings per share. On average, analysts anticipate that Huntsman Corporation will post 0.32 EPS for the current year.

Huntsman Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th were issued a $0.0875 dividend. This represents a $0.35 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Friday, March 13th. Huntsman's payout ratio is presently -21.34%.

About Huntsman

Huntsman Corporation is a global manufacturer and marketer of specialty chemicals with headquarters in The Woodlands, Texas. Founded in 1970 by entrepreneur Jon Huntsman Sr., the company has grown through strategic acquisitions and organic expansion to establish a broad portfolio of products serving diverse end markets. Huntsman maintains a presence in more than 30 countries, operating manufacturing facilities across North America, Europe, Asia-Pacific, Latin America and the Middle East.

The company organizes its operations into several core business segments, including Polyurethanes, Performance Products, Advanced Materials, and Textile Effects.

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