Two Sigma Investments LP raised its position in Huntsman Co. (NYSE:HUN - Free Report) by 28.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,074,347 shares of the basic materials company's stock after purchasing an additional 239,193 shares during the quarter. Two Sigma Investments LP owned 0.62% of Huntsman worth $19,370,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the company. Pzena Investment Management LLC raised its holdings in shares of Huntsman by 320.2% in the fourth quarter. Pzena Investment Management LLC now owns 4,695,678 shares of the basic materials company's stock worth $84,663,000 after buying an additional 3,578,100 shares during the period. Nomura Holdings Inc. increased its stake in Huntsman by 188.3% in the fourth quarter. Nomura Holdings Inc. now owns 3,269,000 shares of the basic materials company's stock worth $58,940,000 after purchasing an additional 2,135,000 shares during the period. Norges Bank bought a new stake in shares of Huntsman during the fourth quarter worth $37,464,000. Deprince Race & Zollo Inc. boosted its stake 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 purchasing an additional 1,139,549 shares during the period. Finally, Marshall Wace LLP increased its stake in Huntsman by 61.3% in the 4th quarter. Marshall Wace LLP now owns 1,712,163 shares of the basic materials company's stock worth $30,870,000 after buying an additional 650,951 shares during the period. Institutional investors own 84.81% of the company's stock.
Huntsman Stock Down 0.8%
Shares of NYSE HUN opened at $11.63 on Friday. Huntsman Co. has a 12-month low of $11.15 and a 12-month high of $25.56. The stock's fifty day simple moving average is $13.62 and its two-hundred day simple moving average is $16.55. The stock has a market capitalization of $2.02 billion, a PE ratio of -10.57 and a beta of 0.82. 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 (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, meeting analysts' consensus estimates of ($0.11). Huntsman had a negative return on equity of 0.39% and a negative net margin of 3.13%. The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter last year, the company earned ($0.06) earnings per share. The firm's revenue for the quarter was down 4.1% compared to the same quarter last year. As a group, analysts expect that Huntsman Co. will post 0.32 EPS for the current fiscal year.
Huntsman Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.60%. The ex-dividend date is Friday, June 13th. Huntsman's dividend payout ratio is currently -109.89%.
Analyst Ratings Changes
Several equities research analysts have issued reports on the stock. Citigroup lowered their price objective on shares of Huntsman from $19.00 to $14.00 and set a "neutral" rating for the company in a research report on Friday, April 4th. JPMorgan Chase & Co. lowered their price target on Huntsman from $22.00 to $20.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Wall Street Zen downgraded Huntsman from a "hold" rating to a "sell" rating in a report on Wednesday. Wells Fargo & Company lowered Huntsman from an "overweight" rating to a "reduce" rating in a research report on Monday, May 5th. Finally, UBS Group dropped their price target on Huntsman from $18.00 to $13.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. Three research 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 data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $15.00.
Read Our Latest Research Report on Huntsman
About Huntsman
(
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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