Algert Global LLC Has $10.48 Million Holdings in Huntsman Co. (NYSE:HUN)

Algert Global LLC raised its holdings in Huntsman Co. (NYSE:HUN - Free Report) by 77.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 460,403 shares of the basic materials company's stock after acquiring an additional 201,615 shares during the quarter. Algert Global LLC owned 0.27% of Huntsman worth $10,483,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in HUN. Fidelis Capital Partners LLC bought a new stake in Huntsman during the first quarter worth approximately $45,000. Quarry LP acquired a new stake in shares of Huntsman during the fourth quarter worth $52,000. GAMMA Investing LLC lifted its holdings in shares of Huntsman by 44.0% during the first quarter. GAMMA Investing LLC now owns 2,115 shares of the basic materials company's stock valued at $55,000 after purchasing an additional 646 shares during the last quarter. nVerses Capital LLC boosted its position 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 purchasing an additional 2,500 shares during the period. Finally, Innealta Capital LLC purchased a new position in Huntsman in the 2nd quarter worth about $65,000. Institutional investors and hedge funds own 84.81% of the company's stock.

Huntsman Stock Down 0.9 %

Shares of Huntsman stock traded down $0.23 during trading on Friday, hitting $24.55. 2,114,968 shares of the stock traded hands, compared to its average volume of 1,933,706. The stock has a market cap of $4.25 billion, a P/E ratio of -47.21 and a beta of 1.00. The company has a fifty day moving average price of $22.03 and a two-hundred day moving average price of $23.44. Huntsman Co. has a twelve month low of $19.91 and a twelve month high of $27.01. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.77 and a current ratio of 1.30.

Huntsman (NYSE:HUN - Get Free Report) last posted its earnings results on Monday, August 5th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.14. The firm had revenue of $1.57 billion during the quarter, compared to analysts' expectations of $1.61 billion. Huntsman had a negative net margin of 1.44% and a positive return on equity of 0.26%. The company's revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.22 earnings per share. Equities research analysts predict that Huntsman Co. will post 0.2 EPS for the current fiscal year.

Huntsman Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a $0.25 dividend. The ex-dividend date is Friday, September 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.07%. Huntsman's dividend payout ratio is currently -192.31%.

Analyst Ratings Changes

Several brokerages have commented on HUN. Citigroup decreased their target price on shares of Huntsman from $26.00 to $24.00 and set a "neutral" rating for the company in a report on Thursday, June 27th. Royal Bank of Canada lowered their price objective on shares of Huntsman from $30.00 to $21.00 and set a "sector perform" rating on the stock in a research report on Thursday, August 8th. Wells Fargo & Company reduced their target price on Huntsman from $28.00 to $26.00 and set an "overweight" rating for the company in a report on Wednesday, August 7th. UBS Group lowered their price target on Huntsman from $23.00 to $22.00 and set a "neutral" rating on the stock in a report on Tuesday, August 6th. Finally, JPMorgan Chase & Co. reduced their price objective on Huntsman from $27.00 to $25.00 and set an "overweight" rating for the company in a research note on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $25.56.

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.