Point72 Hong Kong Ltd Has $89,000 Position in Huntsman Co. (NYSE:HUN)

Point72 Hong Kong Ltd cut its holdings in Huntsman Co. (NYSE:HUN) by 96.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,918 shares of the basic materials company’s stock after selling 95,623 shares during the quarter. Point72 Hong Kong Ltd’s holdings in Huntsman were worth $89,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Wells Fargo & Company MN boosted its position in Huntsman by 644.0% during the fourth quarter. Wells Fargo & Company MN now owns 378,667 shares of the basic materials company’s stock worth $9,516,000 after purchasing an additional 448,270 shares during the period. Hsbc Holdings PLC boosted its holdings in shares of Huntsman by 85.6% during the 4th quarter. Hsbc Holdings PLC now owns 126,318 shares of the basic materials company’s stock worth $3,192,000 after buying an additional 58,274 shares during the period. Treasurer of the State of North Carolina grew its stake in Huntsman by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 75,009 shares of the basic materials company’s stock valued at $1,885,000 after buying an additional 730 shares during the last quarter. 1832 Asset Management L.P. raised its holdings in Huntsman by 591.3% in the 4th quarter. 1832 Asset Management L.P. now owns 336,120 shares of the basic materials company’s stock worth $8,447,000 after acquiring an additional 287,500 shares during the period. Finally, Harvest Investment Advisors LLC lifted its position in Huntsman by 2.0% during the 4th quarter. Harvest Investment Advisors LLC now owns 44,360 shares of the basic materials company’s stock worth $1,115,000 after acquiring an additional 879 shares during the last quarter. 84.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on HUN shares. Wells Fargo & Company lowered their price target on Huntsman from $28.00 to $26.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 7th. JPMorgan Chase & Co. cut their price target on Huntsman from $27.00 to $25.00 and set an “overweight” rating for the company in a report on Wednesday, August 7th. Citigroup lowered their price objective on shares of Huntsman from $26.00 to $24.00 and set a “neutral” rating on the stock in a research note on Thursday, June 27th. Royal Bank of Canada cut their target price on shares of Huntsman from $30.00 to $21.00 and set a “sector perform” rating for the company in a research note on Thursday, August 8th. Finally, UBS Group decreased their price target on shares of Huntsman from $23.00 to $22.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Huntsman has a consensus rating of “Hold” and a consensus price target of $25.56.

Huntsman Trading Down 1.0 %

Shares of HUN stock opened at $24.54 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.77 and a current ratio of 1.30. The firm has a fifty day moving average of $22.03 and a 200-day moving average of $23.48. Huntsman Co. has a 52-week low of $19.91 and a 52-week high of $27.01. The stock has a market cap of $4.25 billion, a price-to-earnings ratio of -47.19 and a beta of 1.00.

Huntsman (NYSE:HUN) last announced its quarterly earnings results on Monday, August 5th. The basic materials company reported $0.14 EPS for the quarter, hitting analysts’ consensus estimates of $0.14. Huntsman had a negative net margin of 1.44% and a positive return on equity of 0.26%. The firm had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.61 billion. During the same quarter last year, the company earned $0.22 earnings per share. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. On average, equities research analysts forecast that Huntsman Co. will post 0.2 earnings per share for the current fiscal year.

Huntsman Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, September 13th. This represents a $1.00 annualized dividend and a dividend yield of 4.07%. Huntsman’s payout ratio is currently -192.31%.

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.