AXQ Capital LP purchased a new position in shares of Huntsman Co. (NYSE:HUN - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 23,583 shares of the basic materials company's stock, valued at approximately $425,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. R Squared Ltd acquired a new stake in Huntsman in the 4th quarter valued at $40,000. True Wealth Design LLC acquired a new position in Huntsman during the third quarter valued at approximately $62,000. Signaturefd LLC boosted its holdings in shares of Huntsman by 174.5% in the 4th quarter. Signaturefd LLC now owns 4,386 shares of the basic materials company's stock valued at $79,000 after buying an additional 2,788 shares during the last quarter. KBC Group NV grew its stake in shares of Huntsman by 95.3% in the fourth quarter. KBC Group NV now owns 9,232 shares of the basic materials company's stock valued at $166,000 after buying an additional 4,506 shares in the last quarter. Finally, Matrix Trust Co increased its holdings in Huntsman by 853.7% during the fourth quarter. Matrix Trust Co now owns 9,661 shares of the basic materials company's stock worth $174,000 after buying an additional 8,648 shares during the last quarter. 84.81% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on HUN shares. Citigroup lowered their price objective on shares of Huntsman from $22.00 to $19.00 and set a "neutral" rating on the stock in a research note on Wednesday, December 18th. Royal Bank of Canada raised their price objective on Huntsman from $17.00 to $18.00 and gave the company a "sector perform" rating in a research report on Thursday, February 20th. JPMorgan Chase & Co. dropped their price target on Huntsman from $25.00 to $22.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 19th. Alembic Global Advisors cut shares of Huntsman from an "overweight" rating to a "neutral" rating in a research report on Wednesday, January 15th. Finally, Morgan Stanley dropped their price objective on shares of Huntsman from $24.00 to $20.00 and set an "equal weight" rating on the stock in a research report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $20.50.
View Our Latest Analysis on Huntsman
Huntsman Price Performance
NYSE:HUN traded up $0.08 during trading hours on Thursday, reaching $16.17. 4,007,379 shares of the company were exchanged, compared to its average volume of 2,122,975. The company has a market capitalization of $2.81 billion, a P/E ratio of -14.70 and a beta of 0.95. Huntsman Co. has a 1-year low of $15.46 and a 1-year high of $26.48. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.36 and a quick ratio of 0.83. The business has a 50 day moving average of $17.08 and a 200 day moving average of $19.38.
Huntsman (NYSE:HUN - Get Free Report) last announced its quarterly earnings data on Monday, February 17th. The basic materials company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.18). Huntsman had a negative net margin of 3.13% and a negative return on equity of 0.39%. The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.45 billion. Research analysts forecast that Huntsman Co. will post 0.32 EPS for the current year.
Huntsman Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, March 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.19%. Huntsman's payout ratio is presently -90.91%.
About Huntsman
(
Free Report)
Huntsman Corporation manufactures and sells diversified organic chemical products worldwide. The company operates in three segments: Polyurethanes, Performance Products, and Advanced Materials. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyether and polyester polyols, and thermoplastic polyurethane; and aniline, benzene, nitrobenzene and other co-products.
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