Huntsman Co. (NYSE:HUN) Shares Acquired by Nomura Holdings Inc.

Nomura Holdings Inc. increased its stake in shares of Huntsman Co. (NYSE:HUN - Free Report) by 188.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,269,000 shares of the basic materials company's stock after purchasing an additional 2,135,000 shares during the quarter. Nomura Holdings Inc. owned approximately 1.89% of Huntsman worth $58,940,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Principal Financial Group Inc. raised its stake in Huntsman by 10.3% in the third quarter. Principal Financial Group Inc. now owns 1,342,478 shares of the basic materials company's stock valued at $32,488,000 after buying an additional 124,841 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in Huntsman by 1.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 38,070 shares of the basic materials company's stock worth $686,000 after acquiring an additional 674 shares during the period. Oak Thistle LLC acquired a new stake in Huntsman in the fourth quarter valued at approximately $594,000. Merit Financial Group LLC acquired a new stake in Huntsman in the fourth quarter valued at approximately $395,000. Finally, Nisa Investment Advisors LLC grew its holdings in Huntsman by 19.2% in the fourth 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 period. 84.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HUN has been the topic of several research reports. JPMorgan Chase & Co. decreased their target price on Huntsman from $22.00 to $20.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. Citigroup reduced their target price on Huntsman from $19.00 to $14.00 and set a "neutral" rating on the stock in a research report on Friday, April 4th. StockNews.com upgraded Huntsman from a "sell" rating to a "hold" rating in a report on Tuesday. UBS Group cut their price objective on Huntsman from $18.00 to $13.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Finally, Morgan Stanley cut their price objective on Huntsman from $20.00 to $13.50 and set an "equal weight" rating on the stock in a report on Monday, May 5th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $15.00.

Huntsman Stock Up 2.3%

HUN traded up $0.28 on Friday, hitting $12.67. 2,923,677 shares of the company were exchanged, compared to its average volume of 2,575,237. Huntsman Co. has a twelve month low of $11.15 and a twelve month high of $25.78. The company has a market cap of $2.20 billion, a price-to-earnings ratio of -11.52 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. The firm has a 50-day moving average price of $14.03 and a two-hundred day moving average price of $16.82.

Huntsman (NYSE:HUN - Get Free Report) last released its earnings results on Thursday, May 1st. The basic materials company reported ($0.11) 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 period in the previous year, the firm posted ($0.06) EPS. Huntsman's revenue for the quarter was down 4.1% on a year-over-year basis. On average, equities analysts predict that Huntsman Co. will post 0.32 earnings per share 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 7.89%. Huntsman's payout ratio is -109.89%.

About Huntsman

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.