Sanctuary Advisors LLC Increases Stock Position in Huntsman Co. (NYSE:HUN)

Sanctuary Advisors LLC grew its position in shares of Huntsman Co. (NYSE:HUN) by 40.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 31,306 shares of the basic materials company’s stock after purchasing an additional 9,025 shares during the quarter. Sanctuary Advisors LLC’s holdings in Huntsman were worth $541,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in HUN. State of New Jersey Common Pension Fund D grew its stake in Huntsman by 20.2% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 108,484 shares of the basic materials company’s stock worth $1,956,000 after buying an additional 18,198 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of Huntsman by 10.0% in the 4th quarter. Empowered Funds LLC now owns 34,950 shares of the basic materials company’s stock valued at $630,000 after acquiring an additional 3,167 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in Huntsman by 20.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 117,704 shares of the basic materials company’s stock valued at $2,093,000 after purchasing an additional 19,601 shares during the last quarter. Yousif Capital Management LLC purchased a new stake in Huntsman in the 4th quarter valued at $181,000. Finally, EMC Capital Management boosted its stake in Huntsman by 21.5% during the 4th quarter. EMC Capital Management now owns 10,288 shares of the basic materials company’s stock worth $185,000 after purchasing an additional 1,821 shares during the period. Institutional investors and hedge funds own 84.81% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Citigroup reduced their target price on shares of Huntsman from $22.00 to $19.00 and set a “neutral” rating for the company in a report on Wednesday, December 18th. Mizuho reduced their price objective on Huntsman from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. JPMorgan Chase & Co. decreased their price objective on Huntsman from $25.00 to $22.00 and set an “overweight” rating for the company in a research report on Wednesday, February 19th. Alembic Global Advisors lowered Huntsman from an “overweight” rating to a “neutral” rating in a report on Wednesday, January 15th. Finally, Wells Fargo & Company decreased their price target on Huntsman from $25.00 to $22.00 and set an “overweight” rating for the company in a report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Huntsman currently has a consensus rating of “Hold” and a consensus price target of $21.63.

Huntsman Trading Down 0.1 %

NYSE HUN opened at $16.90 on Friday. The company has a 50-day moving average of $17.28 and a 200-day moving average of $19.99. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.36 and a quick ratio of 0.83. Huntsman Co. has a 12 month low of $15.67 and a 12 month high of $27.01. The company has a market cap of $2.92 billion, a P/E ratio of -15.36 and a beta of 0.95.

Huntsman (NYSE:HUN) last posted its quarterly earnings results on Monday, February 17th. The basic materials company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.18). The company had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Huntsman had a negative return on equity of 0.39% and a negative net margin of 3.13%. As a group, equities analysts predict that Huntsman Co. will post 0.32 earnings per share for the current year.

Huntsman Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 5.92%. The ex-dividend date of this dividend is Friday, March 14th. Huntsman’s payout ratio is currently -90.91%.

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.