Sei Investments Co. Has $7.65 Million Stock Holdings in Huntsman Co. (NYSE:HUN)

Sei Investments Co. cut its holdings in Huntsman Co. (NYSE:HUN) by 12.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 424,359 shares of the basic materials company’s stock after selling 59,341 shares during the period. Sei Investments Co. owned approximately 0.25% of Huntsman worth $7,651,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Cerity Partners LLC increased its holdings in shares of Huntsman by 242.4% during the third quarter. Cerity Partners LLC now owns 44,970 shares of the basic materials company’s stock worth $1,088,000 after purchasing an additional 31,837 shares during the period. Bank of Montreal Can raised its holdings in Huntsman by 152.7% in the 3rd quarter. Bank of Montreal Can now owns 99,405 shares of the basic materials company’s stock valued at $2,440,000 after acquiring an additional 60,072 shares in the last quarter. Captrust Financial Advisors lifted its position in shares of Huntsman by 47.5% during the 3rd quarter. Captrust Financial Advisors now owns 31,263 shares of the basic materials company’s stock valued at $757,000 after acquiring an additional 10,064 shares during the period. Verition Fund Management LLC grew its holdings in shares of Huntsman by 1,066.7% during the 3rd quarter. Verition Fund Management LLC now owns 281,340 shares of the basic materials company’s stock worth $6,808,000 after purchasing an additional 257,225 shares in the last quarter. Finally, Edgestream Partners L.P. increased its position in shares of Huntsman by 126.7% in the third quarter. Edgestream Partners L.P. now owns 132,681 shares of the basic materials company’s stock worth $3,211,000 after purchasing an additional 74,155 shares during the period. 84.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on HUN shares. Alembic Global Advisors lowered shares of Huntsman from an “overweight” rating to a “neutral” rating in a report on Wednesday, January 15th. Morgan Stanley lowered their price objective on shares of Huntsman from $24.00 to $20.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Wells Fargo & Company cut their target price on Huntsman from $22.00 to $20.00 and set an “overweight” rating for the company in a research note on Friday. Citigroup decreased their price target on Huntsman from $22.00 to $19.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 18th. Finally, Royal Bank of Canada raised their price objective on Huntsman from $17.00 to $18.00 and gave the company a “sector perform” rating in a research note on Thursday, February 20th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Huntsman presently has a consensus rating of “Hold” and an average price target of $20.25.

Huntsman Stock Down 2.3 %

NYSE:HUN opened at $15.83 on Monday. Huntsman Co. has a one year low of $15.46 and a one year high of $26.40. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.36 and a quick ratio of 0.83. The company has a market cap of $2.75 billion, a PE ratio of -14.39 and a beta of 0.95. The firm’s 50 day simple moving average is $17.04 and its 200 day simple moving average is $19.32.

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

Huntsman Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.32%. Huntsman’s dividend payout ratio (DPR) is -90.91%.

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.