Point72 Hong Kong Ltd Makes New Investment in Huntsman Co. (NYSE:HUN)

Point72 Hong Kong Ltd acquired a new stake in shares of Huntsman Co. (NYSE:HUN - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 24,219 shares of the basic materials company's stock, valued at approximately $437,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Pzena Investment Management LLC raised its position in shares of Huntsman by 320.2% during the 4th quarter. Pzena Investment Management LLC now owns 4,695,678 shares of the basic materials company's stock valued at $84,663,000 after acquiring an additional 3,578,100 shares in the last quarter. Nomura Holdings Inc. raised its position in shares of Huntsman by 188.3% during the 4th quarter. Nomura Holdings Inc. now owns 3,269,000 shares of the basic materials company's stock valued at $58,940,000 after acquiring an additional 2,135,000 shares in the last quarter. Norges Bank acquired a new stake in shares of Huntsman during the 4th quarter valued at approximately $37,464,000. Deprince Race & Zollo Inc. raised its position in shares of Huntsman by 70.2% during the 4th quarter. Deprince Race & Zollo Inc. now owns 2,762,907 shares of the basic materials company's stock valued at $49,815,000 after acquiring an additional 1,139,549 shares in the last quarter. Finally, Marshall Wace LLP raised its position in shares of Huntsman by 61.3% during the 4th quarter. Marshall Wace LLP now owns 1,712,163 shares of the basic materials company's stock valued at $30,870,000 after acquiring an additional 650,951 shares in the last quarter. 84.81% of the stock is currently owned by institutional investors.

Huntsman Price Performance

HUN traded down $0.23 during trading on Tuesday, reaching $12.19. The stock had a trading volume of 3,457,448 shares, compared to its average volume of 2,594,497. The firm has a market capitalization of $2.12 billion, a price-to-earnings ratio of -11.08 and a beta of 0.82. The company has a quick ratio of 0.83, a current ratio of 1.36 and a debt-to-equity ratio of 0.48. Huntsman Co. has a 1-year low of $11.15 and a 1-year high of $25.78. The stock has a 50 day moving average of $13.95 and a two-hundred day moving average of $16.68.

Huntsman (NYSE:HUN - Get Free Report) last announced its earnings results on Thursday, May 1st. The basic materials company reported ($0.11) earnings per share for the quarter, meeting 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 business had revenue of $1.41 billion during the quarter, compared to analysts' expectations of $1.51 billion. During the same quarter last year, the business posted ($0.06) earnings per share. The company's quarterly revenue was down 4.1% on a year-over-year basis. As a group, equities analysts anticipate that Huntsman Co. will post 0.32 EPS for the current fiscal year.

Huntsman Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.20%. Huntsman's dividend payout ratio (DPR) is -109.89%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Morgan Stanley dropped their price target on Huntsman from $20.00 to $13.50 and set an "equal weight" rating on the stock in a research report on Monday, May 5th. JPMorgan Chase & Co. dropped 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. Bank of America lowered Huntsman from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $22.00 to $15.00 in a research report on Tuesday, April 15th. Citigroup decreased their price objective on Huntsman from $19.00 to $14.00 and set a "neutral" rating for the company in a report on Friday, April 4th. Finally, The Goldman Sachs Group cut their target price on Huntsman from $19.00 to $13.50 and set a "sell" rating on the stock in a research note on Tuesday, May 6th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $15.00.

Huntsman 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.