Fox Run Management L.L.C. Invests $854,000 in Huntsman Corporation $HUN

Fox Run Management L.L.C. acquired a new stake in Huntsman Corporation (NYSE:HUN) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 85,364 shares of the basic materials company’s stock, valued at approximately $854,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Huntsman by 9.3% in the 4th quarter. Vanguard Group Inc. now owns 17,880,912 shares of the basic materials company’s stock valued at $178,809,000 after acquiring an additional 1,523,590 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Huntsman by 29.8% during the third quarter. AQR Capital Management LLC now owns 12,062,972 shares of the basic materials company’s stock worth $106,878,000 after purchasing an additional 2,772,563 shares in the last quarter. UBS Group AG lifted its position in shares of Huntsman by 83.5% during the third quarter. UBS Group AG now owns 7,364,206 shares of the basic materials company’s stock worth $66,131,000 after purchasing an additional 3,351,265 shares in the last quarter. Invesco Ltd. lifted its position in shares of Huntsman by 1.7% during the third quarter. Invesco Ltd. now owns 6,663,244 shares of the basic materials company’s stock worth $59,836,000 after purchasing an additional 113,613 shares in the last quarter. Finally, Pzena Investment Management LLC lifted its position in shares of Huntsman by 5.8% during the fourth quarter. Pzena Investment Management LLC now owns 5,705,178 shares of the basic materials company’s stock worth $57,052,000 after purchasing an additional 311,312 shares in the last quarter. 84.81% of the stock is currently owned by hedge funds and other institutional investors.

Huntsman Stock Down 2.0%

Huntsman stock opened at $14.26 on Thursday. Huntsman Corporation has a 1-year low of $7.30 and a 1-year high of $15.90. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.27 and a quick ratio of 0.75. The stock has a market cap of $2.50 billion, a PE ratio of -7.42 and a beta of 0.64. The stock’s fifty day moving average is $14.06 and its two-hundred day moving average is $12.37.

Huntsman (NYSE:HUN) last posted its quarterly earnings results on Thursday, April 30th. The basic materials company reported ($0.20) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.03. Huntsman had a negative return on equity of 4.60% and a negative net margin of 5.83%.The company had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same period last year, the firm earned ($0.11) earnings per share. Huntsman’s quarterly revenue was up .7% on a year-over-year basis. On average, sell-side analysts expect that Huntsman Corporation will post -0.25 EPS for the current fiscal year.

Huntsman Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a $0.0875 dividend. The ex-dividend date is Monday, June 15th. This represents a $0.35 dividend on an annualized basis and a yield of 2.5%. Huntsman’s dividend payout ratio (DPR) is currently -18.23%.

Analysts Set New Price Targets

HUN has been the subject of several recent research reports. Weiss Ratings raised shares of Huntsman from a “sell (d-)” rating to a “sell (d)” rating in a research report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $15.00 target price on shares of Huntsman in a report on Tuesday, May 19th. JPMorgan Chase & Co. lowered Huntsman from an “overweight” rating to a “neutral” rating and lifted their target price for the company from $11.00 to $14.00 in a report on Thursday, February 19th. Wells Fargo & Company lifted their target price on Huntsman from $12.00 to $14.00 and gave the company an “equal weight” rating in a report on Tuesday, May 5th. Finally, Morgan Stanley lifted their target price on Huntsman from $11.00 to $15.00 and gave the company an “equal weight” rating in a report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have given a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Huntsman has a consensus rating of “Reduce” and an average 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.