Geode Capital Management LLC Reduces Holdings in Huntsman Co. (NYSE:HUN)

Geode Capital Management LLC lowered its stake in Huntsman Co. (NYSE:HUN - Free Report) by 0.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,563,872 shares of the basic materials company's stock after selling 19,650 shares during the period. Geode Capital Management LLC owned 1.48% of Huntsman worth $46,242,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. R Squared Ltd bought a new stake in shares of Huntsman during the 4th quarter valued at $40,000. Signaturefd LLC raised its stake in Huntsman by 174.5% during the fourth 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 raised its position in shares of Huntsman by 95.3% in 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 during the last quarter. Matrix Trust Co raised its holdings in Huntsman by 853.7% in 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. Finally, Yousif Capital Management LLC purchased a new stake in shares of Huntsman during the fourth quarter valued at approximately $181,000. 84.81% of the stock is currently owned by institutional investors.

Huntsman Stock Up 1.4 %

HUN traded up $0.18 during trading on Friday, hitting $13.03. The stock had a trading volume of 2,705,288 shares, compared to its average volume of 2,348,122. Huntsman Co. has a twelve month low of $11.90 and a twelve month high of $25.92. The stock has a 50 day simple moving average of $15.94 and a two-hundred day simple moving average of $18.37. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.83 and a current ratio of 1.36. The company has a market capitalization of $2.26 billion, a PE ratio of -11.84 and a beta of 0.85.

Huntsman (NYSE:HUN - Get Free Report) last issued its 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). 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 analysts' expectations of $1.45 billion. On average, research analysts predict that Huntsman Co. will post 0.32 earnings per share for the current year.

Huntsman Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 7.68%. Huntsman's payout ratio is -90.91%.

Analyst Ratings Changes

Several brokerages have commented on HUN. Bank of America downgraded Huntsman from a "buy" rating to a "neutral" rating and cut their target price for the company from $22.00 to $15.00 in a research note on Tuesday. Citigroup dropped their target price on shares of Huntsman from $19.00 to $14.00 and set a "neutral" rating on the stock in a report on Friday, April 4th. JPMorgan Chase & Co. cut their price objective on Huntsman from $25.00 to $22.00 and set an "overweight" rating for the company in a report on Wednesday, February 19th. Morgan Stanley dropped their target price on Huntsman from $24.00 to $20.00 and set an "equal weight" rating on the stock in a research report on Monday, January 13th. Finally, Alembic Global Advisors cut Huntsman from an "overweight" rating to a "neutral" rating in a research report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $17.67.

About Huntsman

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.