Algert Global LLC Cuts Stock Holdings in Huntsman Corporation $HUN

Algert Global LLC cut its holdings in Huntsman Corporation (NYSE:HUN) by 13.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 762,596 shares of the basic materials company’s stock after selling 122,380 shares during the quarter. Algert Global LLC owned 0.44% of Huntsman worth $6,848,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Huntsman by 0.3% in 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 buying an additional 1,581 shares during the last quarter. AMG National Trust Bank increased its stake in Huntsman by 1.1% during the 3rd quarter. AMG National Trust Bank now owns 162,513 shares of the basic materials company’s stock worth $1,459,000 after buying an additional 1,769 shares in the last quarter. Treasurer of the State of North Carolina raised its holdings in shares of Huntsman by 2.7% during the second quarter. Treasurer of the State of North Carolina now owns 76,769 shares of the basic materials company’s stock valued at $800,000 after acquiring an additional 2,008 shares during the last quarter. GAMMA Investing LLC lifted 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 in the last quarter. Finally, SJS Investment Consulting Inc. purchased a new position in shares of Huntsman in the third quarter valued at approximately $33,000. 84.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. UBS Group increased their price target on Huntsman from $12.00 to $14.00 and gave the company a “neutral” rating in a report on Thursday, February 19th. KeyCorp restated a “sector weight” rating on shares of Huntsman in a report on Monday, December 22nd. Mizuho raised their target price on Huntsman from $8.00 to $9.00 and gave the stock an “underperform” rating in a research note on Wednesday, February 18th. JPMorgan Chase & Co. lowered Huntsman from an “overweight” rating to a “neutral” rating and lifted their price target for the stock from $11.00 to $14.00 in a report on Thursday, February 19th. Finally, Alembic Global Advisors raised shares of Huntsman from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eight have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $12.41.

Huntsman Price Performance

HUN opened at $11.81 on Tuesday. The stock’s 50-day moving average price is $12.24 and its 200 day moving average price is $10.47. Huntsman Corporation has a 12-month low of $7.30 and a 12-month high of $17.88. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of -7.20 and a beta of 0.66. The company has a current ratio of 1.30, a quick ratio of 0.78 and a debt-to-equity ratio of 0.56.

Huntsman (NYSE:HUN) last released its earnings results on Tuesday, February 17th. The basic materials company reported ($0.37) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.08). The business 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 last year, the company earned ($0.25) earnings per share. As a group, sell-side analysts expect that Huntsman Corporation will post 0.32 earnings per share for the current year.

Huntsman Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be paid 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 is Friday, March 13th. Huntsman’s dividend payout ratio is presently -21.34%.

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.