Naples Global Advisors LLC Sells 1,995 Shares of Huntsman Corporation $HUN

Naples Global Advisors LLC trimmed its holdings in shares of Huntsman Corporation (NYSE:HUN) by 4.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,589 shares of the basic materials company’s stock after selling 1,995 shares during the period. Naples Global Advisors LLC’s holdings in Huntsman were worth $444,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Huntsman by 898.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 167,206 shares of the basic materials company’s stock valued at $2,640,000 after purchasing an additional 150,461 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Huntsman by 12.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 132,516 shares of the basic materials company’s stock worth $2,096,000 after buying an additional 14,812 shares during the last quarter. Twelve Points Wealth Management LLC increased its stake in shares of Huntsman by 51.0% in the 1st quarter. Twelve Points Wealth Management LLC now owns 115,641 shares of the basic materials company’s stock valued at $1,826,000 after acquiring an additional 39,035 shares during the last quarter. Teacher Retirement System of Texas increased its stake in shares of Huntsman by 72.0% in the 1st quarter. Teacher Retirement System of Texas now owns 63,424 shares of the basic materials company’s stock valued at $1,001,000 after acquiring an additional 26,551 shares during the last quarter. Finally, Invesco Ltd. raised its position in shares of Huntsman by 1.3% in the 1st quarter. Invesco Ltd. now owns 6,064,044 shares of the basic materials company’s stock valued at $95,751,000 after acquiring an additional 75,097 shares during the period. 84.81% of the stock is owned by institutional investors.

Huntsman Price Performance

Shares of NYSE HUN opened at $9.30 on Friday. The company has a fifty day moving average price of $10.14 and a 200 day moving average price of $11.62. The firm has a market cap of $1.62 billion, a PE ratio of -4.77 and a beta of 0.64. The company has a current ratio of 1.43, a quick ratio of 0.85 and a debt-to-equity ratio of 0.54. Huntsman Corporation has a 1-year low of $8.68 and a 1-year high of $24.27.

Huntsman (NYSE:HUN) last released its quarterly earnings results on Thursday, July 31st. The basic materials company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.05). The firm had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.51 billion. Huntsman had a negative net margin of 5.75% and a negative return on equity of 2.48%. The business’s revenue for the quarter was down 7.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.14 EPS. Research analysts predict that Huntsman Corporation will post 0.32 earnings per share for the current fiscal year.

Huntsman Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $1.00 dividend on an annualized basis and a yield of 10.8%. Huntsman’s dividend payout ratio is -51.28%.

Analyst Ratings Changes

Several brokerages have commented on HUN. UBS Group lowered their target price on shares of Huntsman from $13.00 to $11.00 and set a “neutral” rating for the company in a research note on Wednesday, July 9th. Wells Fargo & Company decreased their price target on shares of Huntsman from $13.00 to $9.00 and set an “equal weight” rating for the company in a report on Tuesday, August 5th. The Goldman Sachs Group lowered their price objective on shares of Huntsman from $12.00 to $10.00 and set a “sell” rating for the company in a research report on Thursday, August 7th. Mizuho decreased their target price on Huntsman from $9.00 to $8.00 and set an “underperform” rating for the company in a research note on Friday. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Huntsman in a report on Saturday, September 27th. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $11.90.

Huntsman Company Profile

Huntsman Corporation manufactures and sells diversified organic chemical products worldwide. The company operates in three segments: Polyurethanes, Performance Products, and Advanced Materials. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyether and polyester polyols, and thermoplastic polyurethane; and aniline, benzene, nitrobenzene and other co-products.