Connor Clark & Lunn Investment Management Ltd. Purchases Shares of 20,708 Huntsman Co. (NYSE:HUN)

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Huntsman Co. (NYSE:HUN - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 20,708 shares of the basic materials company's stock, valued at approximately $373,000.

Several other hedge funds and other institutional investors have also bought and sold shares of HUN. R Squared Ltd acquired a new position in Huntsman in the fourth quarter valued at about $40,000. True Wealth Design LLC acquired a new position in shares of Huntsman in the 3rd quarter valued at approximately $62,000. KBC Group NV increased its stake in Huntsman by 95.3% during the 4th quarter. KBC Group NV now owns 9,232 shares of the basic materials company's stock worth $166,000 after purchasing an additional 4,506 shares in the last quarter. Matrix Trust Co raised its holdings in Huntsman by 853.7% during the 4th 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 period. Finally, Yousif Capital Management LLC bought a new position in Huntsman in the fourth quarter valued at approximately $181,000. Institutional investors own 84.81% of the company's stock.

Huntsman Stock Up 0.5 %

Shares of Huntsman stock traded up $0.08 on Thursday, reaching $16.17. 4,007,379 shares of the company were exchanged, compared to its average volume of 2,122,975. Huntsman Co. has a one year low of $15.46 and a one year high of $26.48. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.48. The company has a 50-day moving average of $17.10 and a 200 day moving average of $19.41. The company has a market capitalization of $2.81 billion, a price-to-earnings ratio of -14.70 and a beta of 0.95.

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Huntsman (NYSE:HUN - Get Free Report) last announced its quarterly earnings results on Monday, February 17th. The basic materials company reported ($0.25) EPS for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.18). The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.45 billion. Huntsman had a negative net margin of 3.13% and a negative return on equity of 0.39%. On average, equities research analysts forecast that Huntsman Co. will post 0.32 earnings per share for the current year.

Huntsman Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 6.19%. The ex-dividend date of this dividend is Friday, March 14th. Huntsman's payout ratio is currently -90.91%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on HUN. Mizuho dropped their price objective on shares of Huntsman from $23.00 to $21.00 and set a "neutral" rating on the stock in a report on Tuesday, January 7th. Wells Fargo & Company cut their price target on Huntsman from $25.00 to $22.00 and set an "overweight" rating on the stock in a report on Wednesday, February 19th. Morgan Stanley reduced their price objective on Huntsman from $24.00 to $20.00 and set an "equal weight" rating for the company in a research report on Monday, January 13th. Alembic Global Advisors downgraded Huntsman from an "overweight" rating to a "neutral" rating in a research report on Wednesday, January 15th. Finally, The Goldman Sachs Group lowered their price objective on shares of Huntsman from $22.00 to $19.00 and set a "sell" rating on the stock in a report on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $20.50.

Huntsman Profile

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.