XTX Topco Ltd cut its holdings in shares of Huntsman Co. (NYSE:HUN - Free Report) by 80.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,086 shares of the basic materials company's stock after selling 37,661 shares during the quarter. XTX Topco Ltd's holdings in Huntsman were worth $220,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HUN. Matrix Trust Co acquired a new position in Huntsman during the 3rd quarter worth approximately $25,000. nVerses Capital LLC increased its holdings in shares of Huntsman by 1,250.0% in the 2nd quarter. nVerses Capital LLC now owns 2,700 shares of the basic materials company's stock valued at $61,000 after acquiring an additional 2,500 shares during the last quarter. True Wealth Design LLC acquired a new stake in shares of Huntsman during the 3rd quarter worth about $62,000. Innealta Capital LLC acquired a new position in Huntsman in the second quarter valued at approximately $65,000. Finally, Capital Performance Advisors LLP purchased a new position in Huntsman in the third quarter valued at approximately $78,000. Hedge funds and other institutional investors own 84.81% of the company's stock.
Analysts Set New Price Targets
HUN has been the topic of several research reports. UBS Group lowered their price objective on shares of Huntsman from $24.00 to $23.00 and set a "neutral" rating on the stock in a research report on Tuesday, November 5th. Wells Fargo & Company lowered their price objective on shares of Huntsman from $26.00 to $25.00 and set an "overweight" rating on the stock in a research note on Wednesday, November 6th. Royal Bank of Canada cut their price objective on shares of Huntsman from $23.00 to $20.00 and set a "sector perform" rating for the company in a research report on Thursday. Finally, Citigroup decreased their price objective on Huntsman from $22.00 to $19.00 and set a "neutral" rating on the stock in a report on Wednesday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, Huntsman currently has an average rating of "Hold" and an average target price of $24.14.
Get Our Latest Research Report on Huntsman
Huntsman Stock Performance
NYSE:HUN traded up $0.38 during midday trading on Friday, reaching $18.26. 3,985,990 shares of the company traded hands, compared to its average volume of 1,951,238. The company has a fifty day moving average price of $20.73 and a 200 day moving average price of $21.95. The firm has a market capitalization of $3.16 billion, a price-to-earnings ratio of -26.46 and a beta of 0.97. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.47 and a quick ratio of 0.83. Huntsman Co. has a twelve month low of $17.67 and a twelve month high of $27.01.
Huntsman (NYSE:HUN - Get Free Report) last released its earnings results on Monday, November 4th. The basic materials company reported $0.10 EPS for the quarter, meeting the consensus estimate of $0.10. Huntsman had a negative net margin of 1.99% and a negative return on equity of 0.03%. The business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same period in the prior year, the business earned $0.15 earnings per share. The business's quarterly revenue was up 2.3% on a year-over-year basis. On average, analysts expect that Huntsman Co. will post 0.09 EPS for the current fiscal year.
Huntsman Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.48%. The ex-dividend date is Friday, December 13th. Huntsman's dividend payout ratio (DPR) is presently -144.93%.
Insider Transactions at Huntsman
In related news, Director Mary C. Beckerle sold 20,201 shares of the company's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $21.42, for a total transaction of $432,705.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 5.60% of the company's stock.
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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