Huntsman Corporation $HUN Holdings Raised by AXQ Capital LP

AXQ Capital LP grew its position in Huntsman Corporation (NYSE:HUN) by 36.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 163,188 shares of the basic materials company’s stock after buying an additional 43,712 shares during the quarter. Huntsman makes up approximately 0.6% of AXQ Capital LP’s portfolio, making the stock its 15th largest position. AXQ Capital LP owned approximately 0.09% of Huntsman worth $1,465,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in HUN. SJS Investment Consulting Inc. bought a new stake in Huntsman during the 3rd quarter valued at approximately $33,000. GAMMA Investing LLC boosted its position in shares of 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 acquiring an additional 2,015 shares during the period. Strengthening Families & Communities LLC grew its stake in shares of Huntsman by 2,182.0% in the third quarter. Strengthening Families & Communities LLC now owns 4,313 shares of the basic materials company’s stock worth $39,000 after acquiring an additional 4,124 shares during the last quarter. Bayforest Capital Ltd increased its position in Huntsman by 986.0% during the third quarter. Bayforest Capital Ltd now owns 6,505 shares of the basic materials company’s stock worth $58,000 after acquiring an additional 5,906 shares during the period. Finally, Wilmington Savings Fund Society FSB raised its stake in Huntsman by 1,101.3% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 8,265 shares of the basic materials company’s stock valued at $74,000 after purchasing an additional 7,577 shares during the last quarter. Institutional investors and hedge funds own 84.81% of the company’s stock.

Huntsman Trading Down 0.9%

Shares of NYSE HUN opened at $12.47 on Tuesday. Huntsman Corporation has a fifty-two week low of $7.30 and a fifty-two week high of $18.08. The firm has a market capitalization of $2.17 billion, a P/E ratio of -7.61 and a beta of 0.70. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.30 and a quick ratio of 0.78. The company’s 50 day simple moving average is $11.58 and its 200 day simple moving average is $10.25.

Huntsman (NYSE:HUN) last posted its earnings results on Tuesday, February 17th. The basic materials company reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.29) by ($0.08). The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.34 billion. Huntsman had a negative return on equity of 3.97% and a negative net margin of 5.00%.Huntsman’s quarterly revenue was down 6.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.25) earnings per share. On average, analysts predict that Huntsman Corporation will post 0.32 EPS for the current year.

Huntsman Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be issued a $0.0875 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.35 annualized dividend and a dividend yield of 2.8%. Huntsman’s payout ratio is -21.34%.

Wall Street Analysts Forecast Growth

HUN has been the topic of several research reports. Mizuho boosted their price target on Huntsman from $8.00 to $9.00 and gave the company an “underperform” rating in a research note on Wednesday, February 18th. Alembic Global Advisors upgraded Huntsman from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 17th. UBS Group increased their target price on Huntsman from $12.00 to $14.00 and gave the stock a “neutral” rating in a report on Thursday. Zacks Research raised shares of Huntsman from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Huntsman in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eight have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $12.41.

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.