Edgestream Partners L.P. raised its holdings in shares of Huntsman Co. (NYSE:HUN - Free Report) by 126.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 132,681 shares of the basic materials company's stock after acquiring an additional 74,155 shares during the quarter. Edgestream Partners L.P. owned approximately 0.08% of Huntsman worth $3,211,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently modified their holdings of the company. Matrix Trust Co purchased a new position in Huntsman during the third quarter valued at approximately $25,000. nVerses Capital LLC boosted its holdings in Huntsman by 1,250.0% in the 2nd quarter. nVerses Capital LLC now owns 2,700 shares of the basic materials company's stock worth $61,000 after buying an additional 2,500 shares during the period. Innealta Capital LLC purchased a new stake in Huntsman in the 2nd quarter worth $65,000. Capital Performance Advisors LLP bought a new stake in Huntsman during the third quarter valued at about $78,000. Finally, Quarry LP lifted its position in shares of Huntsman by 64.8% in the second quarter. Quarry LP now owns 3,664 shares of the basic materials company's stock valued at $83,000 after acquiring an additional 1,441 shares in the last quarter. Institutional investors own 84.81% of the company's stock.
Huntsman Price Performance
HUN stock traded up $0.18 during trading on Monday, hitting $19.76. 1,821,022 shares of the company's stock traded hands, compared to its average volume of 1,902,081. Huntsman Co. has a 52 week low of $19.11 and a 52 week high of $27.01. The stock has a market capitalization of $3.42 billion, a price-to-earnings ratio of -28.64 and a beta of 1.02. The business has a fifty day simple moving average of $21.92 and a 200 day simple moving average of $22.42. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.83 and a current ratio of 1.47.
Huntsman (NYSE:HUN - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The basic materials company reported $0.10 EPS for the quarter, hitting the consensus estimate of $0.10. Huntsman had a negative return on equity of 0.03% and a negative net margin of 1.99%. The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same quarter last year, the business posted $0.15 earnings per share. The firm's revenue was up 2.3% on a year-over-year basis. As a group, research analysts expect that Huntsman Co. will post 0.09 EPS for the current fiscal year.
Huntsman Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, December 13th. This represents a $1.00 annualized dividend and a yield of 5.06%. Huntsman's payout ratio is presently -144.93%.
Insider Buying and Selling
In related news, Director Mary C. Beckerle sold 20,201 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $21.42, for a total value of $432,705.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 5.60% of the stock is owned by corporate insiders.
Analyst Ratings Changes
Several analysts recently issued reports on the company. Royal Bank of Canada increased their target price on Huntsman from $21.00 to $24.00 and gave the stock a "sector perform" rating in a research report on Friday, October 11th. Wells Fargo & Company reduced their price objective on shares of Huntsman from $26.00 to $25.00 and set an "overweight" rating on the stock in a research report on Wednesday, November 6th. JPMorgan Chase & Co. dropped their target price on shares of Huntsman from $27.00 to $25.00 and set an "overweight" rating for the company in a research report on Wednesday, August 7th. Finally, UBS Group reduced their price target on shares of Huntsman from $24.00 to $23.00 and set a "neutral" rating on the stock in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, Huntsman currently has a consensus rating of "Hold" and a consensus target price of $25.75.
Check Out Our Latest Stock Report on Huntsman
Huntsman Company Profile
(
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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