Renaissance Technologies LLC Sells 199,201 Shares of Huntsman Co. (NYSE:HUN)

Renaissance Technologies LLC lessened its stake in shares of Huntsman Co. (NYSE:HUN) by 80.5% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 48,299 shares of the basic materials company’s stock after selling 199,201 shares during the period. Renaissance Technologies LLC’s holdings in Huntsman were worth $871,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC boosted its position in shares of Huntsman by 1.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 38,070 shares of the basic materials company’s stock worth $686,000 after purchasing an additional 674 shares during the period. Quadrant Capital Group LLC boosted its holdings in Huntsman by 74.9% in the 4th quarter. Quadrant Capital Group LLC now owns 2,232 shares of the basic materials company’s stock worth $40,000 after buying an additional 956 shares during the period. PNC Financial Services Group Inc. increased its stake in Huntsman by 4.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 31,694 shares of the basic materials company’s stock worth $571,000 after buying an additional 1,212 shares in the last quarter. EMC Capital Management raised its holdings in Huntsman by 21.5% during the fourth quarter. EMC Capital Management now owns 10,288 shares of the basic materials company’s stock valued at $185,000 after acquiring an additional 1,821 shares during the period. Finally, Legal & General Group Plc lifted its position in shares of Huntsman by 0.6% in the fourth quarter. Legal & General Group Plc now owns 312,035 shares of the basic materials company’s stock valued at $5,626,000 after acquiring an additional 1,905 shares in the last quarter. Institutional investors own 84.81% of the company’s stock.

Huntsman Stock Up 0.5 %

Shares of NYSE HUN opened at $13.38 on Friday. The firm’s 50-day moving average price is $15.11 and its 200-day moving average price is $17.64. 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 Co. has a 12-month low of $11.90 and a 12-month high of $25.92. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of -12.16 and a beta of 0.85.

Huntsman (NYSE:HUN) last released 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). The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.51 billion. Huntsman had a negative return on equity of 0.39% and a negative net margin of 3.13%. The company’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.06) EPS. On average, equities research analysts anticipate that Huntsman Co. will post 0.32 EPS for the current fiscal year.

Huntsman Dividend Announcement

The company also recently announced 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 annualized dividend and a dividend yield of 7.48%. Huntsman’s dividend payout ratio (DPR) is presently -90.91%.

Analyst Ratings Changes

Several brokerages recently issued reports on HUN. Citigroup decreased their target price on Huntsman from $19.00 to $14.00 and set a “neutral” rating on the stock in a research note on Friday, April 4th. Bank of America cut shares of Huntsman from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $22.00 to $15.00 in a research report on Tuesday, April 15th. Mizuho dropped their target price on shares of Huntsman from $23.00 to $21.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Wells Fargo & Company reduced their price target on shares of Huntsman from $20.00 to $17.00 and set an “overweight” rating on the stock in a report on Wednesday, April 9th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Huntsman from $25.00 to $22.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $17.67.

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.