Gabelli Funds LLC Has $380,000 Position in Huntsman Corporation $HUN

Gabelli Funds LLC lowered its stake in shares of Huntsman Corporation (NYSE:HUN) by 69.4% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 38,000 shares of the basic materials company’s stock after selling 86,047 shares during the period. Gabelli Funds LLC’s holdings in Huntsman were worth $380,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in HUN. NewEdge Advisors LLC raised its position in shares of Huntsman by 20.8% during the first quarter. NewEdge Advisors LLC now owns 56,481 shares of the basic materials company’s stock valued at $892,000 after buying an additional 9,720 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Huntsman by 97.0% during the first quarter. Goldman Sachs Group Inc. now owns 2,137,285 shares of the basic materials company’s stock valued at $33,748,000 after buying an additional 1,052,127 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Huntsman by 0.3% during 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 valued at $9,463,000 after buying an additional 1,581 shares during the last quarter. Focus Partners Wealth acquired a new position in shares of Huntsman during the first quarter valued at about $680,000. Finally, Prudential Financial Inc. raised its position in shares of Huntsman by 34.5% during the second quarter. Prudential Financial Inc. now owns 14,250 shares of the basic materials company’s stock valued at $148,000 after buying an additional 3,655 shares during the last quarter. Institutional investors and hedge funds own 84.81% of the company’s stock.

Huntsman Stock Performance

NYSE:HUN opened at $14.52 on Monday. Huntsman Corporation has a 12-month low of $7.30 and a 12-month high of $15.90. The company has a quick ratio of 0.75, a current ratio of 1.27 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $2.55 billion, a PE ratio of -7.56 and a beta of 0.62. The firm has a 50-day moving average price of $13.33 and a 200 day moving average price of $11.77.

Huntsman (NYSE:HUN) last posted its quarterly earnings results on Thursday, April 30th. The basic materials company reported ($0.20) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.23) by $0.03. Huntsman had a negative net margin of 5.83% and a negative return on equity of 4.60%. The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the prior year, the business posted ($0.11) earnings per share. The company’s quarterly revenue was up .7% compared to the same quarter last year. Research analysts anticipate that Huntsman Corporation will post -0.25 earnings per share for the current fiscal year.

Huntsman Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.0875 per share. This represents a $0.35 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Monday, June 15th. Huntsman’s dividend payout ratio is currently -18.23%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. lowered shares of Huntsman from an “overweight” rating to a “neutral” rating and upped their price objective for the company from $11.00 to $14.00 in a research report on Thursday, February 19th. Citigroup upped their price objective on shares of Huntsman from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. Wall Street Zen raised shares of Huntsman from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. UBS Group increased their price target on shares of Huntsman from $12.00 to $14.00 and gave the stock a “neutral” rating in a research report on Thursday, February 19th. Finally, Mizuho increased their price target on shares of Huntsman from $8.00 to $9.00 and gave the stock an “underperform” rating in a research report on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, nine have issued a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $13.17.

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.