Point72 Hong Kong Ltd bought a new position in shares of Huntsman Co. (NYSE:HUN - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 24,219 shares of the basic materials company's stock, valued at approximately $437,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of HUN. R Squared Ltd acquired a new stake in Huntsman during the 4th quarter worth approximately $40,000. Quadrant Capital Group LLC increased its position in Huntsman by 74.9% during the 4th quarter. Quadrant Capital Group LLC now owns 2,232 shares of the basic materials company's stock worth $40,000 after purchasing an additional 956 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in Huntsman during the 4th quarter worth approximately $60,000. Quarry LP acquired a new stake in Huntsman during the 4th quarter worth approximately $65,000. Finally, Signaturefd LLC boosted its holdings in Huntsman by 174.5% in the 4th quarter. Signaturefd LLC now owns 4,386 shares of the basic materials company's stock worth $79,000 after acquiring an additional 2,788 shares during the period. Institutional investors and hedge funds own 84.81% of the company's stock.
Huntsman Stock Performance
HUN traded down $0.16 during trading hours on Thursday, hitting $11.57. 708,201 shares of the stock were exchanged, compared to its average volume of 2,597,475. The stock has a 50-day simple moving average of $13.74 and a 200-day simple moving average of $16.62. Huntsman Co. has a 12 month low of $11.15 and a 12 month high of $25.78. The stock has a market cap of $2.01 billion, a price-to-earnings ratio of -10.52 and a beta of 0.82. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.36 and a quick ratio of 0.83.
Huntsman (NYSE:HUN - Get Free Report) last issued its earnings results on Thursday, May 1st. The basic materials company reported ($0.11) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.11). Huntsman had a negative net margin of 3.13% and a negative return on equity of 0.39%. The company had revenue of $1.41 billion for the quarter, compared to analysts' expectations of $1.51 billion. During the same period in the prior year, the company earned ($0.06) earnings per share. The firm's revenue was down 4.1% compared to the same quarter last year. Analysts anticipate 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. Shareholders of record on Friday, June 13th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 8.65%. The ex-dividend date is Friday, June 13th. Huntsman's payout ratio is -109.89%.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on the company. Morgan Stanley decreased their price target on Huntsman from $20.00 to $13.50 and set an "equal weight" rating for the company in a report on Monday, May 5th. Wells Fargo & Company cut Huntsman from an "overweight" rating to a "reduce" rating in a report on Monday, May 5th. Bank of America cut Huntsman from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $22.00 to $15.00 in a report on Tuesday, April 15th. JPMorgan Chase & Co. reduced their target price on Huntsman from $22.00 to $20.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. Finally, Citigroup reduced 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. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, Huntsman currently has a consensus rating of "Hold" and a consensus target price of $15.00.
Check Out Our Latest Analysis 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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