Huntsman Co. (NYSE:HUN) Shares Bought by EMC Capital Management

EMC Capital Management grew its holdings in Huntsman Co. (NYSE:HUN) by 21.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,288 shares of the basic materials company’s stock after buying an additional 1,821 shares during the period. EMC Capital Management’s holdings in Huntsman were worth $185,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Matrix Trust Co purchased a new position in Huntsman during the third quarter worth approximately $25,000. R Squared Ltd acquired a new position in shares of Huntsman during the 4th quarter valued at about $40,000. True Wealth Design LLC purchased a new stake in shares of Huntsman in the third quarter valued at about $62,000. Capital Performance Advisors LLP acquired a new stake in Huntsman during the third quarter worth about $78,000. Finally, Quarry LP raised its stake in Huntsman by 64.8% during the second quarter. Quarry LP now owns 3,664 shares of the basic materials company’s stock worth $83,000 after purchasing an additional 1,441 shares during the period. 84.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Mary C. Beckerle sold 20,201 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $21.42, for a total value of $432,705.42. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 5.60% of the company’s stock.

Analysts Set New Price Targets

HUN has been the subject of a number of recent analyst reports. Morgan Stanley cut their price target on shares of Huntsman from $24.00 to $20.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. UBS Group reduced their target price on Huntsman from $24.00 to $23.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. Mizuho decreased their price target on Huntsman from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Alembic Global Advisors downgraded Huntsman from an “overweight” rating to a “neutral” rating in a research report on Wednesday, January 15th. Finally, Wells Fargo & Company decreased their target price on shares of Huntsman from $26.00 to $25.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $22.63.

Huntsman Stock Down 1.1 %

Shares of HUN opened at $17.26 on Friday. Huntsman Co. has a fifty-two week low of $15.95 and a fifty-two week high of $27.01. The company has a quick ratio of 0.83, a current ratio of 1.47 and a debt-to-equity ratio of 0.45. The firm’s 50 day moving average price is $18.24 and its 200 day moving average price is $20.78.

Huntsman (NYSE:HUN) last announced its quarterly earnings data on Monday, November 4th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.10. Huntsman had a negative return on equity of 0.03% and a negative net margin of 1.99%. The business had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.55 billion. During the same period last year, the firm earned $0.15 earnings per share. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. As a group, analysts predict that Huntsman Co. will post 0.08 EPS for the current fiscal year.

Huntsman Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.79%. The ex-dividend date of this dividend was Friday, December 13th. Huntsman’s dividend payout ratio is presently -144.93%.

About Huntsman

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.