Two Sigma Advisers LP Lowers Stock Position in Huntsman Co. (NYSE:HUN)

Two Sigma Advisers LP cut its stake in shares of Huntsman Co. (NYSE:HUN - Free Report) by 44.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 567,900 shares of the basic materials company's stock after selling 452,100 shares during the quarter. Two Sigma Advisers LP owned approximately 0.33% of Huntsman worth $13,743,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of HUN. Matrix Trust Co purchased a new position in Huntsman during the 3rd quarter worth $25,000. nVerses Capital LLC increased its stake in shares of Huntsman by 1,250.0% during the second quarter. nVerses Capital LLC now owns 2,700 shares of the basic materials company's stock valued at $61,000 after buying an additional 2,500 shares during the period. True Wealth Design LLC bought a new stake in shares of Huntsman in the third quarter valued at about $62,000. Innealta Capital LLC purchased a new stake in Huntsman in the second quarter worth about $65,000. Finally, Capital Performance Advisors LLP purchased a new position in Huntsman during the 3rd quarter valued at about $78,000. Institutional investors own 84.81% of the company's stock.

Wall Street Analysts Forecast Growth

HUN has been the topic of a number of recent research reports. UBS Group dropped their price objective on shares of Huntsman from $24.00 to $23.00 and set a "neutral" rating on the stock in a research note on Tuesday, November 5th. Wells Fargo & Company dropped their target price on Huntsman from $26.00 to $25.00 and set an "overweight" rating on the stock in a research report on Wednesday, November 6th. Finally, Royal Bank of Canada boosted their price target on Huntsman from $21.00 to $24.00 and gave the stock a "sector perform" rating in a research report on Friday, October 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $25.75.

Insider Buying and Selling

In other Huntsman news, Director Mary C. Beckerle sold 20,201 shares of the firm's stock in a transaction that occurred 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.10% of the stock is currently owned by company insiders.

Huntsman Trading Up 1.9 %

NYSE HUN traded up $0.38 during trading on Monday, hitting $20.26. The company's stock had a trading volume of 3,879,837 shares, compared to its average volume of 1,931,710. Huntsman Co. has a fifty-two week low of $19.11 and a fifty-two week high of $27.01. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.47 and a quick ratio of 0.83. The business's 50 day simple moving average is $21.60 and its 200-day simple moving average is $22.28.

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, hitting analysts' consensus estimates of $0.10. Huntsman had a negative net margin of 1.99% and a negative return on equity of 0.03%. The company had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.55 billion. During the same period last year, the business earned $0.15 EPS. Huntsman's revenue for the quarter was up 2.3% on a year-over-year basis. On average, analysts anticipate that Huntsman Co. will post 0.09 EPS for the current year.

Huntsman Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.94%. The ex-dividend date is Friday, December 13th. Huntsman's payout ratio is -144.93%.

Huntsman Company 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.