Huntsman Corporation $HUN Holdings Boosted by AlphaQuest LLC

AlphaQuest LLC raised its stake in Huntsman Corporation (NYSE:HUN) by 156.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 91,070 shares of the basic materials company’s stock after acquiring an additional 55,580 shares during the period. AlphaQuest LLC’s holdings in Huntsman were worth $818,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Yousif Capital Management LLC lifted its holdings in shares of Huntsman by 12.6% in the 2nd quarter. Yousif Capital Management LLC now owns 12,390 shares of the basic materials company’s stock worth $129,000 after purchasing an additional 1,386 shares during the last quarter. Kelleher Financial Advisors increased its position in Huntsman by 5.7% in the second quarter. Kelleher Financial Advisors now owns 26,908 shares of the basic materials company’s stock worth $280,000 after buying an additional 1,454 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Huntsman by 0.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 599,296 shares of the basic materials company’s stock worth $9,463,000 after buying an additional 1,581 shares during the period. Treasurer of the State of North Carolina lifted its stake in Huntsman by 2.7% in the second quarter. Treasurer of the State of North Carolina now owns 76,769 shares of the basic materials company’s stock valued at $800,000 after buying an additional 2,008 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Huntsman by 104.9% during the third quarter. GAMMA Investing LLC now owns 3,935 shares of the basic materials company’s stock valued at $35,000 after acquiring an additional 2,015 shares during the period. 84.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HUN has been the topic of a number of analyst reports. Royal Bank Of Canada increased their price objective on shares of Huntsman from $10.00 to $13.00 and gave the stock a “sector perform” rating in a report on Friday, January 16th. UBS Group raised their price target on shares of Huntsman from $9.00 to $12.00 and gave the company a “neutral” rating in a research note on Monday, January 12th. Alembic Global Advisors set a $11.00 price objective on Huntsman in a research report on Monday, October 27th. Zacks Research raised Huntsman from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Huntsman in a research note on Monday, December 22nd. Two analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $11.00.

Huntsman Stock Performance

HUN opened at $11.49 on Tuesday. The business has a 50 day moving average price of $10.72 and a two-hundred day moving average price of $9.97. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.36 and a quick ratio of 0.84. The company has a market capitalization of $2.00 billion, a price-to-earnings ratio of -6.04 and a beta of 0.70. Huntsman Corporation has a 1-year low of $7.30 and a 1-year high of $18.53.

Huntsman (NYSE:HUN) last posted its quarterly earnings data on Thursday, November 6th. The basic materials company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.10. Huntsman had a negative return on equity of 3.26% and a negative net margin of 5.69%.The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the previous year, the business earned $0.10 EPS. The company’s quarterly revenue was down 5.2% compared to the same quarter last year. Research analysts predict that Huntsman Corporation will post 0.32 EPS for the current fiscal year.

Huntsman Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were given a dividend of $0.0875 per share. The ex-dividend date was Monday, December 15th. This represents a $0.35 annualized dividend and a dividend yield of 3.0%. Huntsman’s dividend payout ratio (DPR) is -18.42%.

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.