Algert Global LLC raised its position in shares of Huntsman Corp. (NYSE:HUN) by 229.5% during the third quarter, Holdings Channel reports. The fund owned 80,389 shares of the company’s stock after buying an additional 55,992 shares during the period. Algert Global LLC’s holdings in Huntsman Corp. were worth $1,308,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in HUN. Scopia Capital Management LP boosted its position in shares of Huntsman Corp. by 39.7% in the first quarter. Scopia Capital Management LP now owns 14,807,467 shares of the company’s stock valued at $196,939,000 after buying an additional 4,210,142 shares in the last quarter. BlackRock Fund Advisors boosted its position in shares of Huntsman Corp. by 151.1% in the first quarter. BlackRock Fund Advisors now owns 5,278,412 shares of the company’s stock valued at $70,203,000 after buying an additional 3,176,013 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Huntsman Corp. by 663.6% in the first quarter. JPMorgan Chase & Co. now owns 2,520,325 shares of the company’s stock valued at $33,520,000 after buying an additional 2,190,251 shares during the last quarter. Strs Ohio bought a new stake in shares of Huntsman Corp. during the second quarter valued at approximately $24,210,000. Finally, Victory Capital Management Inc. raised its stake in shares of Huntsman Corp. by 277.1% in the second quarter. Victory Capital Management Inc. now owns 1,808,933 shares of the company’s stock valued at $24,330,000 after buying an additional 1,329,199 shares during the last quarter. 67.25% of the stock is currently owned by institutional investors and hedge funds.
Shares of Huntsman Corp. (NYSE:HUN) opened at 16.00 on Friday. The stock has a market capitalization of $3.81 billion, a price-to-earnings ratio of 19.09 and a beta of 2.65. Huntsman Corp. has a 52-week low of $7.46 and a 52-week high of $18.12. The company has a 50 day moving average of $16.11 and a 200 day moving average of $15.27.
Huntsman Corp. (NYSE:HUN) last issued its earnings results on Wednesday, July 27th. The company reported $0.53 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.53. Huntsman Corp. had a return on equity of 26.60% and a net margin of 2.05%. The firm had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.59 billion. During the same period last year, the company earned $0.63 earnings per share. The firm’s revenue for the quarter was down 7.2% on a year-over-year basis. Analysts predict that Huntsman Corp. will post $1.68 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Thursday, September 15th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend was Tuesday, September 13th. Huntsman Corp.’s dividend payout ratio is presently 59.52%.
Several equities research analysts have commented on HUN shares. Jefferies Group restated a “buy” rating on shares of Huntsman Corp. in a research report on Monday, August 22nd. Zacks Investment Research upgraded shares of Huntsman Corp. from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 28th. Nomura restated a “buy” rating on shares of Huntsman Corp. in a research report on Tuesday, July 12th. Finally, Citigroup Inc. boosted their target price on shares of Huntsman Corp. from $16.00 to $17.00 and gave the stock a “neutral” rating in a research report on Friday, July 15th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $16.43.
Huntsman Corp. Company Profile
Huntsman Corporation is a manufacturer of differentiated organic chemical products and of inorganic chemical products. The Company operates all of its businesses through its subsidiary, Huntsman International LLC (Huntsman International). It operates in five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments and Additives.
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