Wealth Enhancement Advisory Services LLC Reduces Holdings in Huntsman Corporation $HUN

Wealth Enhancement Advisory Services LLC cut its stake in shares of Huntsman Corporation (NYSE:HUN) by 44.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 92,560 shares of the basic materials company’s stock after selling 74,646 shares during the quarter. Wealth Enhancement Advisory Services LLC owned 0.05% of Huntsman worth $1,028,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Hexagon Capital Partners LLC boosted its holdings in Huntsman by 177.9% during the 1st quarter. Hexagon Capital Partners LLC now owns 2,179 shares of the basic materials company’s stock valued at $34,000 after acquiring an additional 1,395 shares during the period. Caitong International Asset Management Co. Ltd boosted its holdings in Huntsman by 1,717.9% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 3,254 shares of the basic materials company’s stock valued at $51,000 after acquiring an additional 3,075 shares during the period. Zions Bancorporation National Association UT purchased a new stake in Huntsman during the 1st quarter valued at about $53,000. Strengthening Families & Communities LLC boosted its holdings in Huntsman by 1,966.7% during the 1st quarter. Strengthening Families & Communities LLC now owns 3,906 shares of the basic materials company’s stock valued at $62,000 after acquiring an additional 3,717 shares during the period. Finally, Versant Capital Management Inc boosted its holdings in Huntsman by 2,388.4% during the 1st quarter. Versant Capital Management Inc now owns 4,081 shares of the basic materials company’s stock valued at $64,000 after acquiring an additional 3,917 shares during the period. 84.81% of the stock is currently owned by hedge funds and other institutional investors.

Huntsman Stock Performance

Huntsman stock opened at $9.12 on Thursday. The company has a quick ratio of 0.85, a current ratio of 1.43 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $1.59 billion, a P/E ratio of -4.68 and a beta of 0.64. The stock’s 50 day moving average is $10.21 and its 200 day moving average is $11.73. Huntsman Corporation has a twelve month low of $8.68 and a twelve month high of $24.27.

Huntsman (NYSE:HUN) last posted its quarterly earnings results on Thursday, July 31st. The basic materials company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.05). The company had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.51 billion. Huntsman had a negative return on equity of 2.48% and a negative net margin of 5.75%.The business’s quarterly revenue was down 7.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.14 EPS. On average, equities research analysts predict that Huntsman Corporation will post 0.32 earnings per share for the current fiscal year.

Huntsman Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were paid a $0.25 dividend. The ex-dividend date was Monday, September 15th. This represents a $1.00 annualized dividend and a dividend yield of 11.0%. Huntsman’s dividend payout ratio is presently -51.28%.

Analyst Upgrades and Downgrades

HUN has been the subject of a number of recent analyst reports. Wells Fargo & Company lowered their price target on Huntsman from $13.00 to $9.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 5th. Jefferies Financial Group lowered their price target on Huntsman from $15.00 to $14.00 and set a “buy” rating for the company in a research report on Wednesday, September 10th. UBS Group lowered their price target on Huntsman from $13.00 to $11.00 and set a “neutral” rating for the company in a research report on Wednesday, July 9th. Mizuho reaffirmed an “underperform” rating and set a $9.00 price target (down previously from $11.00) on shares of Huntsman in a research report on Friday, September 12th. Finally, Royal Bank Of Canada lowered their price target on Huntsman from $12.00 to $10.00 and set a “sector perform” rating for the company in a research report on Monday, August 4th. Two investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $12.05.

Huntsman Company 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.