Inspire Advisors LLC Boosts Stake in Huntsman Corporation $HUN

Inspire Advisors LLC grew its position in shares of Huntsman Corporation (NYSE:HUN) by 29.0% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 280,296 shares of the basic materials company’s stock after purchasing an additional 63,047 shares during the period. Inspire Advisors LLC’s holdings in Huntsman were worth $2,517,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of HUN. SJS Investment Consulting Inc. purchased a new position in Huntsman during the 3rd quarter valued at about $33,000. GAMMA Investing LLC grew its holdings in shares of Huntsman by 104.9% in the third quarter. GAMMA Investing LLC now owns 3,935 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 2,015 shares in the last quarter. IFP Advisors Inc increased its stake in Huntsman by 197.6% during the 2nd quarter. IFP Advisors Inc now owns 3,661 shares of the basic materials company’s stock worth $38,000 after buying an additional 2,431 shares during the period. Bayforest Capital Ltd lifted its holdings in Huntsman by 986.0% during the 3rd quarter. Bayforest Capital Ltd now owns 6,505 shares of the basic materials company’s stock worth $58,000 after buying an additional 5,906 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB boosted its position in Huntsman by 1,101.3% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 8,265 shares of the basic materials company’s stock valued at $74,000 after buying an additional 7,577 shares during the period. Hedge funds and other institutional investors own 84.81% of the company’s stock.

Huntsman Stock Performance

NYSE HUN opened at $11.93 on Monday. The company has a fifty day moving average of $10.04 and a two-hundred day moving average of $9.95. The company has a market capitalization of $2.07 billion, a PE ratio of -6.28 and a beta of 0.68. Huntsman Corporation has a 1 year low of $7.30 and a 1 year high of $18.53. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.36 and a quick ratio of 0.84.

Huntsman (NYSE:HUN) last posted its earnings results on Thursday, November 6th. The basic materials company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.10. The business had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.45 billion. Huntsman had a negative return on equity of 3.26% and a negative net margin of 5.69%.The business’s quarterly revenue was down 5.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.10 EPS. As a group, analysts expect that Huntsman Corporation will post 0.32 earnings per share for the current year.

Huntsman Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were issued a $0.0875 dividend. This represents a $0.35 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Monday, December 15th. Huntsman’s payout ratio is presently -18.42%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on HUN shares. KeyCorp reiterated a “sector weight” rating on shares of Huntsman in a research note on Monday, December 22nd. Alembic Global Advisors set a $11.00 price objective on Huntsman in a research note on Monday, October 27th. JPMorgan Chase & Co. cut their target price on shares of Huntsman from $20.00 to $11.00 and set an “overweight” rating on the stock in a research note on Monday, November 10th. Mizuho lifted their price target on shares of Huntsman from $7.00 to $8.00 and gave the stock an “underperform” rating in a research note on Thursday, December 18th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Huntsman in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $11.00.

About Huntsman

Huntsman Corporation is a global manufacturer and marketer of specialty chemicals with headquarters in The Woodlands, Texas. Founded in 1970 by entrepreneur Jon Huntsman Sr., the company has grown through strategic acquisitions and organic expansion to establish a broad portfolio of products serving diverse end markets. Huntsman maintains a presence in more than 30 countries, operating manufacturing facilities across North America, Europe, Asia-Pacific, Latin America and the Middle East.

The company organizes its operations into several core business segments, including Polyurethanes, Performance Products, Advanced Materials, and Textile Effects.