Huntsman Corporation $HUN Shares Bought by AlphaQuest LLC

AlphaQuest LLC grew its stake in shares of Huntsman Corporation (NYSE:HUN) by 156.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 91,070 shares of the basic materials company’s stock after buying an additional 55,580 shares during the period. AlphaQuest LLC owned 0.05% of Huntsman worth $818,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Yousif Capital Management LLC grew its position in Huntsman by 12.6% during the second quarter. Yousif Capital Management LLC now owns 12,390 shares of the basic materials company’s stock valued at $129,000 after acquiring an additional 1,386 shares during the period. Kelleher Financial Advisors lifted its stake in shares of Huntsman by 5.7% in the 2nd quarter. Kelleher Financial Advisors now owns 26,908 shares of the basic materials company’s stock valued at $280,000 after purchasing an additional 1,454 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Huntsman by 0.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 599,296 shares of the basic materials company’s stock worth $9,463,000 after purchasing an additional 1,581 shares during the period. Treasurer of the State of North Carolina increased its position in Huntsman by 2.7% during the 2nd quarter. Treasurer of the State of North Carolina now owns 76,769 shares of the basic materials company’s stock worth $800,000 after purchasing an additional 2,008 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in Huntsman by 104.9% in the third quarter. GAMMA Investing LLC now owns 3,935 shares of the basic materials company’s stock valued at $35,000 after buying an additional 2,015 shares during the period. 84.81% of the stock is owned by hedge funds and other institutional investors.

Huntsman Price Performance

HUN stock opened at $11.49 on Tuesday. The company has a quick ratio of 0.84, a current ratio of 1.36 and a debt-to-equity ratio of 0.54. The stock’s 50 day moving average is $10.72 and its two-hundred day moving average is $9.97. The company has a market capitalization of $2.00 billion, a PE ratio of -6.04 and a beta of 0.70. Huntsman Corporation has a 52-week low of $7.30 and a 52-week high of $18.53.

Huntsman (NYSE:HUN) last posted its quarterly earnings results on Thursday, November 6th. The basic materials company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.10. The business 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%.The company’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same period last year, the firm earned $0.10 earnings per share. Analysts predict that Huntsman Corporation will post 0.32 earnings per share for the current fiscal year.

Huntsman Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were issued a dividend of $0.0875 per share. This represents a $0.35 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Monday, December 15th. Huntsman’s dividend payout ratio is -18.42%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Mizuho boosted their price objective on shares of Huntsman from $7.00 to $8.00 and gave the stock an “underperform” rating in a research note on Thursday, December 18th. UBS Group increased their price target on Huntsman from $9.00 to $12.00 and gave the company a “neutral” rating in a report on Monday, January 12th. Citigroup raised their price objective on Huntsman from $10.50 to $12.00 and gave the company a “neutral” rating in a research report on Thursday, January 15th. Bank of America reaffirmed an “underperform” rating and issued a $8.00 target price (down previously from $9.00) on shares of Huntsman in a research report on Tuesday, October 14th. Finally, The Goldman Sachs Group raised their target price on Huntsman from $8.50 to $9.50 and gave the company a “sell” rating in a report on Thursday, December 4th. Two research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $11.00.

About Huntsman

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.