AXQ Capital LP Acquires Shares of 119,476 Huntsman Corporation $HUN

AXQ Capital LP bought a new position in shares of Huntsman Corporation (NYSE:HUN) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 119,476 shares of the basic materials company’s stock, valued at approximately $1,245,000. AXQ Capital LP owned approximately 0.07% of Huntsman as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Invesco Ltd. grew its position in shares of Huntsman by 1.3% in the first quarter. Invesco Ltd. now owns 6,064,044 shares of the basic materials company’s stock valued at $95,751,000 after purchasing an additional 75,097 shares during the period. Investors Research Corp boosted its holdings in Huntsman by 140.8% in the 2nd quarter. Investors Research Corp now owns 66,604 shares of the basic materials company’s stock worth $694,000 after buying an additional 38,950 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Huntsman by 7.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,105,566 shares of the basic materials company’s stock worth $96,407,000 after buying an additional 419,009 shares in the last quarter. Raymond James Financial Inc. raised its holdings in shares of Huntsman by 40.5% during the first quarter. Raymond James Financial Inc. now owns 426,718 shares of the basic materials company’s stock valued at $6,738,000 after acquiring an additional 123,069 shares during the last quarter. Finally, Arkadios Wealth Advisors purchased a new position in shares of Huntsman in the second quarter valued at approximately $572,000. Hedge funds and other institutional investors own 84.81% of the company’s stock.

Huntsman Price Performance

HUN stock opened at $8.52 on Friday. Huntsman Corporation has a 52-week low of $7.30 and a 52-week high of $20.94. 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 stock has a market cap of $1.48 billion, a price-to-earnings ratio of -4.37 and a beta of 0.68. The business has a fifty day moving average of $8.78 and a two-hundred day moving average of $10.24.

Huntsman (NYSE:HUN) last announced its quarterly earnings results on Thursday, November 6th. The basic materials company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.13) by $0.10. The business had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.45 billion. Huntsman had a negative return on equity of 2.48% and a negative net margin of 5.75%.The company’s quarterly revenue was down 5.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.10 EPS. As a group, research analysts anticipate that Huntsman Corporation will post 0.32 earnings per share for the current year.

Huntsman Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be issued a $0.0875 dividend. This represents a $0.35 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Monday, December 15th. Huntsman’s dividend payout ratio is currently -18.42%.

Analyst Ratings Changes

Several analysts recently commented on HUN shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Huntsman in a research report on Wednesday, October 8th. Jefferies Financial Group dropped their target price on shares of Huntsman from $15.00 to $14.00 and set a “buy” rating for the company in a report on Wednesday, September 10th. UBS Group reduced their target price on shares of Huntsman from $10.00 to $9.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. Mizuho lowered their price target on shares of Huntsman from $9.00 to $8.00 and set an “underperform” rating on the stock in a research report on Friday, October 3rd. Finally, Zacks Research upgraded shares of Huntsman from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. Two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Huntsman currently has a consensus rating of “Reduce” and an average target price of $10.00.

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.