Victory Capital Management Inc. Trims Position in Huntsman Co. (NYSE:HUN)

Victory Capital Management Inc. reduced its stake in Huntsman Co. (NYSE:HUN - Free Report) by 95.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 97,699 shares of the basic materials company's stock after selling 1,989,834 shares during the period. Victory Capital Management Inc. owned about 0.06% of Huntsman worth $1,762,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HUN. R Squared Ltd purchased a new position in shares of Huntsman during the fourth quarter valued at approximately $40,000. True Wealth Design LLC purchased a new position in Huntsman during the 3rd quarter valued at $62,000. KBC Group NV raised its holdings in 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 in the last quarter. Matrix Trust Co raised its holdings in Huntsman by 853.7% in the 4th quarter. Matrix Trust Co now owns 9,661 shares of the basic materials company's stock worth $174,000 after purchasing an additional 8,648 shares in the last quarter. Finally, Yousif Capital Management LLC purchased a new stake in shares of Huntsman in the 4th quarter worth about $181,000. Institutional investors own 84.81% of the company's stock.

Huntsman Stock Down 0.5 %

NYSE:HUN traded down $0.08 on Friday, reaching $16.27. 2,070,152 shares of the stock traded hands, compared to its average volume of 2,114,302. 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 market capitalization of $2.81 billion, a price-to-earnings ratio of -14.79 and a beta of 0.95. Huntsman Co. has a 12 month low of $15.46 and a 12 month high of $26.48. The company's fifty day simple moving average is $17.14 and its 200 day simple moving average is $19.58.

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Huntsman (NYSE:HUN - Get Free Report) last posted 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 return on equity of 0.39% and a negative net margin of 3.13%. The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.45 billion. Equities analysts predict that Huntsman Co. will post 0.32 EPS for the current fiscal year.

Huntsman Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders 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 dividend yield of 6.15%. The ex-dividend date of this dividend is Friday, March 14th. Huntsman's payout ratio is presently -90.91%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on HUN. Citigroup decreased their price target on shares of Huntsman from $22.00 to $19.00 and set a "neutral" rating for the company in a research note on Wednesday, December 18th. JPMorgan Chase & Co. lowered their target price on Huntsman from $25.00 to $22.00 and set an "overweight" rating for the company in a research note on Wednesday, February 19th. Royal Bank of Canada upped their price target on Huntsman from $17.00 to $18.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 20th. The Goldman Sachs Group lowered their price objective on Huntsman from $22.00 to $19.00 and set a "sell" rating for the company in a research report on Wednesday, March 5th. Finally, Wells Fargo & Company reduced their target price on shares of Huntsman from $25.00 to $22.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Huntsman 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.