Sei Investments Co. Sells 59,341 Shares of Huntsman Co. (NYSE:HUN)

Sei Investments Co. reduced its position in Huntsman Co. (NYSE:HUN - Free Report) by 12.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 424,359 shares of the basic materials company's stock after selling 59,341 shares during the quarter. Sei Investments Co. owned approximately 0.25% of Huntsman worth $7,651,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. R Squared Ltd purchased a new stake in Huntsman in the 4th quarter worth about $40,000. True Wealth Design LLC bought a new stake in shares of Huntsman in the third quarter valued at approximately $62,000. Signaturefd LLC lifted its stake in shares of Huntsman by 174.5% during the 4th 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 in the last quarter. KBC Group NV boosted 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 buying an additional 4,506 shares during the period. Finally, Matrix Trust Co grew its stake in Huntsman by 853.7% in the 4th quarter. Matrix Trust Co now owns 9,661 shares of the basic materials company's stock valued at $174,000 after buying an additional 8,648 shares in the last quarter. 84.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

HUN has been the topic of several recent research reports. Royal Bank of Canada increased their target price on Huntsman from $17.00 to $18.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 20th. JPMorgan Chase & Co. dropped their price objective on Huntsman from $25.00 to $22.00 and set an "overweight" rating on the stock in a report on Wednesday, February 19th. Mizuho reduced their target price on Huntsman from $23.00 to $21.00 and set a "neutral" rating for the company in a report on Tuesday, January 7th. The Goldman Sachs Group lowered their price target on shares of Huntsman from $22.00 to $19.00 and set a "sell" rating on the stock in a report on Wednesday, March 5th. Finally, Citigroup reduced their price objective 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. 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's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $20.25.

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Huntsman Price Performance

HUN traded down $1.65 on Thursday, reaching $13.88. The company had a trading volume of 4,882,821 shares, compared to its average volume of 2,229,040. Huntsman Co. has a 52-week low of $13.71 and a 52-week high of $26.40. The company has a market cap of $2.41 billion, a price-to-earnings ratio of -12.61 and a beta of 0.95. 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 business has a 50 day simple moving average of $16.84 and a 200 day simple moving average of $19.17.

Huntsman (NYSE:HUN - Get Free Report) last posted its quarterly earnings data on Monday, February 17th. The basic materials company reported ($0.25) earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $1.45 billion for the quarter, compared to analysts' expectations of $1.45 billion. As a group, sell-side analysts anticipate that Huntsman Co. will post 0.32 EPS 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 issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 7.21%. The ex-dividend date of this dividend was Friday, March 14th. Huntsman's payout ratio is currently -90.91%.

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.