Point72 Asset Management L.P. Sells 220,592 Shares of Huntsman Co. (NYSE:HUN)

Point72 Asset Management L.P. cut its position in shares of Huntsman Co. (NYSE:HUN - Free Report) by 80.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 52,206 shares of the basic materials company's stock after selling 220,592 shares during the quarter. Point72 Asset Management L.P.'s holdings in Huntsman were worth $1,189,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of HUN. Hsbc Holdings PLC raised its stake in shares of Huntsman by 85.6% during the fourth quarter. Hsbc Holdings PLC now owns 126,318 shares of the basic materials company's stock worth $3,192,000 after acquiring an additional 58,274 shares in the last quarter. Treasurer of the State of North Carolina boosted its position in Huntsman by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 75,009 shares of the basic materials company's stock valued at $1,885,000 after buying an additional 730 shares during the period. 1832 Asset Management L.P. grew its stake in shares of Huntsman by 591.3% during the fourth quarter. 1832 Asset Management L.P. now owns 336,120 shares of the basic materials company's stock valued at $8,447,000 after buying an additional 287,500 shares during the last quarter. Harvest Investment Advisors LLC increased its holdings in shares of Huntsman by 2.0% in the fourth quarter. Harvest Investment Advisors LLC now owns 44,360 shares of the basic materials company's stock worth $1,115,000 after buying an additional 879 shares during the period. Finally, Quadrature Capital Ltd lifted its stake in shares of Huntsman by 123.8% in the 4th quarter. Quadrature Capital Ltd now owns 55,204 shares of the basic materials company's stock valued at $1,387,000 after acquiring an additional 30,537 shares during the last quarter. 84.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Huntsman Stock Up 2.1 %

NYSE:HUN traded up $0.50 during mid-day trading on Friday, hitting $24.21. 1,261,803 shares of the company's stock were exchanged, compared to its average volume of 1,921,453. Huntsman Co. has a one year low of $19.91 and a one year high of $27.01. The business has a fifty day moving average price of $22.09 and a 200 day moving average price of $23.43. The company has a market cap of $4.19 billion, a PE ratio of -46.37 and a beta of 1.00. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.30 and a quick ratio of 0.77.

Huntsman (NYSE:HUN - Get Free Report) last announced its quarterly earnings data 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. Huntsman had a positive return on equity of 0.26% and a negative net margin of 1.44%. The business had revenue of $1.57 billion during the quarter, compared to analysts' expectations of $1.61 billion. During the same quarter in the previous year, the business earned $0.22 earnings per share. The firm's quarterly revenue was down 1.4% compared to the same quarter last year. Equities analysts predict that Huntsman Co. will post 0.2 EPS for the current year.

Huntsman Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.00 dividend on an annualized basis and a yield of 4.13%. Huntsman's dividend payout ratio is currently -192.31%.

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.