1 week Ago By ABMN Staff
Anchor Capital Advisors LLC cut its stake in Huntsman Co. ( NYSE:HUN – Free Report ) by 36.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC).
The institutional investor owned 11,486 shares of the basic materials company’s stock after selling 6,730 shares during the period. Anchor Capital Advisors LLC’s holdings in Huntsman were worth $262,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock.
Quadrant Capital Group LLC grew its holdings in Huntsman by 93.0% in the 4th quarter. Quadrant Capital Group LLC now owns 1,081 shares of the basic materials company’s stock valued at $27,000 after buying an additional 521 shares in the last quarter.
Montag A & Associates Inc. purchased a new position in Huntsman during the fourth quarter worth about $45,000. Fidelis Capital Partners LLC purchased a new stake in shares of Huntsman in the 1st quarter valued at approximately $45,000.
Quarry LP purchased a new stake in shares of Huntsman during the 4th quarter valued at approximately $52,000. Finally, GAMMA Investing LLC lifted its holdings in Huntsman by 44.0% in the first quarter.
GAMMA Investing LLC now owns 2,115 shares of the basic materials company’s stock valued at $55,000 after acquiring an additional 646 shares during the last quarter. Institutional investors and hedge funds own 84.81% of the company’s stock.
Wall Street Analyst Weigh In HUN has been the topic of a number of research analyst reports. Wells Fargo & Company reduced their target price on Huntsman from $28.00 to $26.
00 and set an “overweight” rating on the stock in a research report on Wednesday, August 7th. JPMorgan Chase & Co. lowered their price objective on shares of Huntsman from $27.
00 to $25.00 and set an “overweight” rating for the company in a research report on Wednesday, August 7th. UBS Group cut their target price on Huntsman from $23.
00 to $22.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 6th. Royal Bank of Canada lowered their price target on Huntsman from $30.
00 to $21.00 and set a “sector perform” rating for the company in a research report on Thursday, August 8th. Finally, Citigroup cut their price objective on Huntsman from $26.
00 to $24.00 and set a “neutral” rating on the stock in a report on Thursday, June 27th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company.
Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $25.56.
Huntsman Stock Performance NYSE HUN opened at $21.50 on Monday. Huntsman Co.
has a 52 week low of $19.91 and a 52 week high of $27.01.
The firm has a 50 day moving average of $22.03 and a two-hundred day moving average of $23.80.
The company has a current ratio of 1.30, a quick ratio of 0.77 and a debt-to-equity ratio of 0.
40. Huntsman ( NYSE:HUN – Get Free Report ) last posted its earnings results on Monday, August 5th. The basic materials company reported $0.
14 EPS for the quarter, meeting the consensus estimate of $0.14. The firm had revenue of $1.
57 billion for the quarter, compared to analyst estimates of $1.61 billion. Huntsman had a positive return on equity of 0.
26% and a negative net margin of 1.44%. Huntsman’s revenue for the quarter was down 1.
4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.22 earnings per share.
Sell-side analysts predict that Huntsman Co. will post 0.2 earnings per share for the current fiscal year.
Huntsman Announces Dividend The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be paid a $0.25 dividend.
The ex-dividend date is Friday, September 13th. This represents a $1.00 annualized dividend and a yield of 4.
65%. Huntsman’s dividend payout ratio is presently -192.31%.
About Huntsman ( Free Report ) 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.
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