Huntsman Corporation $HUN Shares Sold by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. lowered its stake in shares of Huntsman Corporation (NYSE:HUN) by 39.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,335,295 shares of the basic materials company’s stock after selling 1,519,118 shares during the period. Deprince Race & Zollo Inc. owned 1.34% of Huntsman worth $20,971,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. GAMMA Investing LLC raised its holdings in shares of Huntsman by 104.9% during the 3rd quarter. GAMMA Investing LLC now owns 3,935 shares of the basic materials company’s stock worth $35,000 after acquiring an additional 2,015 shares during the period. IFP Advisors Inc increased its position in Huntsman by 197.6% during the second quarter. IFP Advisors Inc now owns 3,661 shares of the basic materials company’s stock worth $38,000 after purchasing an additional 2,431 shares during the last quarter. Byrne Asset Management LLC purchased a new position in Huntsman during the second quarter worth about $44,000. Quarry LP boosted its holdings in Huntsman by 40.3% in the 1st quarter. Quarry LP now owns 5,034 shares of the basic materials company’s stock valued at $79,000 after purchasing an additional 1,445 shares during the last quarter. Finally, Parallel Advisors LLC grew its stake in shares of Huntsman by 70.2% in the 2nd quarter. Parallel Advisors LLC now owns 7,975 shares of the basic materials company’s stock valued at $83,000 after buying an additional 3,288 shares during the period. 84.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on HUN shares. UBS Group reduced their price target on shares of Huntsman from $10.00 to $9.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. JPMorgan Chase & Co. reduced their target price on Huntsman from $20.00 to $11.00 and set an “overweight” rating on the stock in a research report on Monday, November 10th. Jefferies Financial Group decreased their price target on Huntsman from $15.00 to $14.00 and set a “buy” rating on the stock in a research note on Wednesday, September 10th. The Goldman Sachs Group raised their price objective on Huntsman from $8.50 to $9.50 and gave the stock a “sell” rating in a research report on Thursday, December 4th. Finally, Bank of America restated an “underperform” rating and issued a $8.00 price objective (down from $9.00) on shares of Huntsman in a report on Tuesday, October 14th. Two equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $10.23.

Huntsman Price Performance

HUN stock opened at $10.08 on Friday. The business’s fifty day moving average price is $9.25 and its 200 day moving average price is $9.93. Huntsman Corporation has a 12-month low of $7.30 and a 12-month high of $18.53. The company has a current ratio of 1.36, a quick ratio of 0.84 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $1.75 billion, a PE ratio of -5.31 and a beta of 0.68.

Huntsman (NYSE:HUN) last released its earnings results on Thursday, November 6th. The basic materials company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.10. The company had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.45 billion. Huntsman had a negative return on equity of 3.26% and a negative net margin of 5.69%.Huntsman’s revenue was down 5.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.10 EPS. On average, sell-side analysts anticipate that Huntsman Corporation will post 0.32 EPS for the current year.

Huntsman Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be paid a dividend of $0.0875 per share. This represents a $0.35 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Monday, December 15th. Huntsman’s dividend payout ratio is presently -18.42%.

Huntsman Company Profile

Huntsman Corporation is a global manufacturer and marketer of specialty chemicals with headquarters in The Woodlands, Texas. Founded in 1970 by entrepreneur Jon Huntsman Sr., the company has grown through strategic acquisitions and organic expansion to establish a broad portfolio of products serving diverse end markets. Huntsman maintains a presence in more than 30 countries, operating manufacturing facilities across North America, Europe, Asia-Pacific, Latin America and the Middle East.

The company organizes its operations into several core business segments, including Polyurethanes, Performance Products, Advanced Materials, and Textile Effects.