Verition Fund Management LLC Has $6.81 Million Holdings in Huntsman Co. (NYSE:HUN)

Verition Fund Management LLC grew its position in shares of Huntsman Co. (NYSE:HUN - Free Report) by 1,066.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 281,340 shares of the basic materials company's stock after purchasing an additional 257,225 shares during the quarter. Verition Fund Management LLC owned 0.16% of Huntsman worth $6,808,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of HUN. Allspring Global Investments Holdings LLC grew its holdings in Huntsman by 1.5% during the second quarter. Allspring Global Investments Holdings LLC now owns 6,657,819 shares of the basic materials company's stock worth $151,599,000 after acquiring an additional 97,082 shares during the period. Millennium Management LLC lifted its stake in Huntsman by 5.2% during the second quarter. Millennium Management LLC now owns 4,891,928 shares of the basic materials company's stock valued at $111,389,000 after purchasing an additional 243,821 shares during the last quarter. 1832 Asset Management L.P. boosted its holdings in Huntsman by 54.0% during the second quarter. 1832 Asset Management L.P. now owns 4,415,264 shares of the basic materials company's stock worth $100,536,000 after buying an additional 1,547,344 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Huntsman by 52.4% in the second quarter. Victory Capital Management Inc. now owns 2,358,390 shares of the basic materials company's stock valued at $53,701,000 after buying an additional 811,099 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of Huntsman by 383.0% during the 2nd quarter. AQR Capital Management LLC now owns 1,417,641 shares of the basic materials company's stock valued at $32,138,000 after acquiring an additional 1,124,113 shares during the last quarter. Institutional investors own 84.81% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on HUN. Royal Bank of Canada boosted their target price on Huntsman from $21.00 to $24.00 and gave the stock a "sector perform" rating in a research report on Friday, October 11th. Wells Fargo & Company dropped their target price on shares of Huntsman from $26.00 to $25.00 and set an "overweight" rating on the stock in a research report on Wednesday, November 6th. JPMorgan Chase & Co. reduced their price target on shares of Huntsman from $27.00 to $25.00 and set an "overweight" rating for the company in a research report on Wednesday, August 7th. Finally, 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. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $25.75.

Huntsman Stock Up 0.9 %

HUN traded up $0.18 during midday trading on Monday, hitting $19.76. 1,821,022 shares of the company's stock traded hands, compared to its average volume of 1,902,081. The company has a market cap of $3.42 billion, a PE ratio of -28.64 and a beta of 1.02. The stock's fifty day simple moving average is $21.92 and its 200-day simple moving average is $22.42. 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 one year low of $19.11 and a one year high of $27.01.

Huntsman (NYSE:HUN - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The basic materials company reported $0.10 EPS for the quarter, meeting the consensus estimate of $0.10. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.55 billion. Huntsman had a negative return on equity of 0.03% and a negative net margin of 1.99%. The company's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.15 earnings per share. As a group, equities analysts anticipate that Huntsman Co. will post 0.09 earnings per share for the current fiscal year.

Huntsman Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.00 annualized dividend and a yield of 5.06%. Huntsman's payout ratio is -144.93%.

Insider Buying and Selling

In related news, Director Mary C. Beckerle sold 20,201 shares of Huntsman 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 SEC, which is accessible through this hyperlink. 5.60% of the stock is owned by corporate insiders.

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.