Huntsman Co. (NYSE:HUN) Shares Acquired by Seven Eight Capital LP

Seven Eight Capital LP raised its holdings in shares of Huntsman Co. (NYSE:HUN) by 3.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,568 shares of the basic materials company’s stock after purchasing an additional 795 shares during the quarter. Seven Eight Capital LP’s holdings in Huntsman were worth $559,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of HUN. 1832 Asset Management L.P. grew its position in shares of Huntsman by 753.2% during the first quarter. 1832 Asset Management L.P. now owns 2,867,920 shares of the basic materials company’s stock worth $74,652,000 after buying an additional 2,531,800 shares in the last quarter. Norges Bank bought a new stake in shares of Huntsman in the 4th quarter worth about $43,761,000. Wellington Management Group LLP increased its position in shares of Huntsman by 75.9% in the 4th quarter. Wellington Management Group LLP now owns 3,151,535 shares of the basic materials company’s stock worth $79,198,000 after purchasing an additional 1,359,437 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Huntsman by 52.4% in the 2nd quarter. Victory Capital Management Inc. now owns 2,358,390 shares of the basic materials company’s stock worth $53,701,000 after purchasing an additional 811,099 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of Huntsman by 644.0% in the 4th quarter. Wells Fargo & Company MN now owns 378,667 shares of the basic materials company’s stock worth $9,516,000 after purchasing an additional 448,270 shares during the last quarter. 84.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on HUN shares. Wells Fargo & Company lowered their price objective on shares of Huntsman from $28.00 to $26.00 and set an “overweight” rating for the company in a research report on Wednesday, August 7th. Royal Bank of Canada lowered their price objective on shares of Huntsman from $30.00 to $21.00 and set a “sector perform” rating for the company in a research report on Thursday, August 8th. UBS Group lowered their price objective on shares of Huntsman from $23.00 to $22.00 and set a “neutral” rating for the company in a research report on Tuesday, August 6th. Citigroup lowered their price objective on shares of Huntsman from $26.00 to $24.00 and set a “neutral” rating for the company in a research report on Thursday, June 27th. Finally, JPMorgan Chase & Co. decreased their target price 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. One investment 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’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $25.56.

Huntsman Trading Down 1.0 %

Shares of NYSE:HUN opened at $22.52 on Friday. The company has a 50 day moving average of $21.98 and a 200-day moving average of $23.55. The firm has a market cap of $3.90 billion, a P/E ratio of -43.31 and a beta of 1.00. Huntsman Co. has a twelve month low of $19.91 and a twelve month high of $27.01. 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) last issued its quarterly earnings results on Monday, August 5th. The basic materials company reported $0.14 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.14. The company had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.61 billion. Huntsman had a negative net margin of 1.44% and a positive return on equity of 0.26%. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.22 EPS. As a group, analysts anticipate that Huntsman Co. will post 0.2 earnings per share for the current fiscal year.

Huntsman Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date of this dividend is Friday, September 13th. Huntsman’s dividend payout ratio is currently -192.31%.

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.