Investors Purchase Large Volume of Huntsman Call Options (NYSE:HUN)

Huntsman Co. (NYSE:HUN) was the recipient of unusually large options trading activity on Tuesday. Stock investors bought 5,649 call options on the stock. This represents an increase of 310% compared to the average volume of 1,377 call options.

Institutional investors have recently added to or reduced their stakes in the business. Penserra Capital Management LLC raised its position in Huntsman by 8.6% in the 4th quarter. Penserra Capital Management LLC now owns 6,248 shares of the basic materials company’s stock valued at $129,000 after buying an additional 494 shares during the last quarter. Quadrant Capital Group LLC raised its position in Huntsman by 20.4% in the 4th quarter. Quadrant Capital Group LLC now owns 4,131 shares of the basic materials company’s stock valued at $96,000 after buying an additional 700 shares during the last quarter. World Asset Management Inc raised its position in Huntsman by 7.4% in the 1st quarter. World Asset Management Inc now owns 10,533 shares of the basic materials company’s stock valued at $152,000 after buying an additional 724 shares during the last quarter. Foundry Partners LLC raised its position in Huntsman by 0.4% in the 1st quarter. Foundry Partners LLC now owns 281,632 shares of the basic materials company’s stock valued at $4,064,000 after buying an additional 1,031 shares during the last quarter. Finally, Brinker Capital Inc. increased its position in shares of Huntsman by 2.5% during the 1st quarter. Brinker Capital Inc. now owns 66,785 shares of the basic materials company’s stock worth $964,000 after purchasing an additional 1,642 shares during the last quarter. Hedge funds and other institutional investors own 77.71% of the company’s stock.

Several analysts have issued reports on the company. Seaport Global Securities downgraded Huntsman from a “buy” rating to a “neutral” rating in a report on Friday, June 19th. Citigroup lowered their price target on Huntsman from $24.00 to $17.00 and set a “buy” rating for the company in a research note on Thursday, April 9th. SunTrust Banks decreased their target price on Huntsman from $29.00 to $24.00 and set a “buy” rating for the company in a research report on Thursday, April 9th. Royal Bank of Canada cut Huntsman from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from $24.00 to $16.00 in a research report on Thursday, March 26th. Finally, JPMorgan Chase & Co. decreased their target price on Huntsman from $21.00 to $14.00 and set a “neutral” rating for the company in a research report on Wednesday, March 18th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $19.89.

Shares of NYSE HUN traded down $0.02 during trading hours on Tuesday, reaching $17.78. The stock had a trading volume of 41,219 shares, compared to its average volume of 2,311,114. The business’s fifty day moving average is $17.75 and its two-hundred day moving average is $18.90. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.13 and a quick ratio of 1.56. The company has a market cap of $3.89 billion, a price-to-earnings ratio of 3.46, a PEG ratio of 4.48 and a beta of 2.07. Huntsman has a twelve month low of $12.23 and a twelve month high of $24.90.

Huntsman (NYSE:HUN) last issued its earnings results on Friday, May 1st. The basic materials company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.10. The business had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.52 billion. Huntsman had a return on equity of 12.72% and a net margin of 16.10%. Huntsman’s revenue was down 21.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.46 earnings per share. Sell-side analysts forecast that Huntsman will post 0.29 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 15th will be paid a $0.1625 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 3.66%. Huntsman’s payout ratio is 42.48%.

Huntsman Company Profile

Huntsman Corporation manufactures and sells differentiated organic chemical products worldwide. The company operates in four segments: Polyurethanes, Performance Products, Advanced Materials, and Textile Effects. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyols, thermoplastic polyurethane, propylene oxide, and methyl tertiary-butyl ether products.

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