Y Intercept Hong Kong Ltd Takes Position in Huntsman Corporation $HUN

Y Intercept Hong Kong Ltd purchased a new stake in Huntsman Corporation (NYSE:HUN) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 446,050 shares of the basic materials company’s stock, valued at approximately $4,648,000. Y Intercept Hong Kong Ltd owned approximately 0.26% of Huntsman as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. AQR Capital Management LLC increased its holdings in shares of Huntsman by 345.7% in the 1st quarter. AQR Capital Management LLC now owns 9,926,971 shares of the basic materials company’s stock valued at $151,982,000 after purchasing an additional 7,699,922 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Huntsman by 7.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,105,566 shares of the basic materials company’s stock valued at $96,407,000 after purchasing an additional 419,009 shares in the last quarter. Invesco Ltd. increased its holdings 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 purchasing an additional 75,097 shares in the last quarter. Pzena Investment Management LLC raised its stake in shares of Huntsman by 9.3% during the 2nd quarter. Pzena Investment Management LLC now owns 5,310,768 shares of the basic materials company’s stock worth $55,338,000 after buying an additional 451,761 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of Huntsman by 97.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,137,285 shares of the basic materials company’s stock worth $33,748,000 after buying an additional 1,052,127 shares in the last quarter. Hedge funds and other institutional investors own 84.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on HUN. Wells Fargo & Company decreased their price objective on shares of Huntsman from $13.00 to $9.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 5th. Bank of America reiterated an “underperform” rating and issued a $8.00 price objective (down from $9.00) on shares of Huntsman in a research report on Tuesday, October 14th. Citigroup decreased their price objective on shares of Huntsman from $9.00 to $8.50 and set a “neutral” rating on the stock in a research report on Thursday, October 2nd. Royal Bank Of Canada decreased their price objective on shares of Huntsman from $12.00 to $10.00 and set a “sector perform” rating on the stock in a research report on Monday, August 4th. Finally, Mizuho reduced their target price on shares of Huntsman from $9.00 to $8.00 and set an “underperform” rating on the stock in a report on Friday, October 3rd. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $10.91.

Huntsman Trading Down 2.7%

Shares of HUN stock opened at $9.04 on Wednesday. The firm has a market cap of $1.57 billion, a P/E ratio of -4.64 and a beta of 0.64. Huntsman Corporation has a 1-year low of $7.74 and a 1-year high of $22.69. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.43 and a quick ratio of 0.85. The firm’s 50-day simple moving average is $9.74 and its 200-day simple moving average is $10.82.

Huntsman (NYSE:HUN) last announced its quarterly earnings data on Thursday, July 31st. The basic materials company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.05). The company had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Huntsman had a negative return on equity of 2.48% and a negative net margin of 5.75%.The company’s revenue was down 7.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.14 earnings per share. As a group, equities analysts forecast that Huntsman Corporation will post 0.32 EPS for the current year.

Huntsman Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 11.1%. The ex-dividend date was Monday, September 15th. Huntsman’s dividend payout ratio is presently -51.28%.

Huntsman 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.