Arkadios Wealth Advisors Raises Holdings in Huntsman Corporation $HUN

Arkadios Wealth Advisors boosted its stake in Huntsman Corporation (NYSE:HUN) by 84.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 101,061 shares of the basic materials company’s stock after purchasing an additional 46,170 shares during the period. Arkadios Wealth Advisors owned about 0.06% of Huntsman worth $908,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in HUN. Invesco Ltd. increased its stake in shares of Huntsman by 8.0% in the second quarter. Invesco Ltd. now owns 6,549,631 shares of the basic materials company’s stock worth $68,247,000 after buying an additional 485,587 shares during the period. Pzena Investment Management LLC grew its holdings in Huntsman by 9.3% in the 2nd quarter. Pzena Investment Management LLC now owns 5,310,768 shares of the basic materials company’s stock worth $55,338,000 after acquiring an additional 451,761 shares during the last quarter. Geode Capital Management LLC grew its holdings in Huntsman by 0.4% in the 2nd quarter. Geode Capital Management LLC now owns 2,689,225 shares of the basic materials company’s stock worth $28,027,000 after acquiring an additional 10,154 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Huntsman by 97.0% in the first quarter. Goldman Sachs Group Inc. now owns 2,137,285 shares of the basic materials company’s stock valued at $33,748,000 after acquiring an additional 1,052,127 shares during the period. Finally, Qube Research & Technologies Ltd bought a new position in shares of Huntsman during the second quarter valued at about $21,953,000. Hedge funds and other institutional investors own 84.81% of the company’s stock.

Huntsman Stock Down 2.4%

NYSE:HUN opened at $11.84 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.36 and a quick ratio of 0.84. The firm’s 50-day moving average price is $10.37 and its 200-day moving average price is $9.98. The company has a market capitalization of $2.06 billion, a PE ratio of -6.23 and a beta of 0.68. Huntsman Corporation has a 1-year low of $7.30 and a 1-year high of $18.53.

Huntsman (NYSE:HUN) last posted its quarterly earnings data on Thursday, November 6th. The basic materials company reported ($0.03) EPS for the quarter, topping 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 net margin of 5.69% and a negative return on equity of 3.26%. Huntsman’s quarterly revenue was down 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.10 earnings per share. On average, equities analysts predict that Huntsman Corporation will post 0.32 EPS for the current fiscal year.

Huntsman Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were paid a $0.0875 dividend. The ex-dividend date was Monday, December 15th. This represents a $0.35 annualized dividend and a dividend yield of 3.0%. Huntsman’s dividend payout ratio is presently -18.42%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on HUN. The Goldman Sachs Group boosted their price target on Huntsman from $8.50 to $9.50 and gave the company a “sell” rating in a report on Thursday, December 4th. KeyCorp reiterated a “sector weight” rating on shares of Huntsman in a research report on Monday, December 22nd. Zacks Research upgraded Huntsman from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. Weiss Ratings reiterated a “sell (d)” rating on shares of Huntsman in a report on Thursday. Finally, Royal Bank Of Canada boosted their price objective on shares of Huntsman from $10.00 to $13.00 and gave the company a “sector perform” rating in a research report on Friday, January 16th. Two investment 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. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $11.00.

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.