Meadow Creek Investment Management LLC Reduces Stock Holdings in Huntsman Co. (NYSE:HUN)

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Meadow Creek Investment Management LLC decreased its stake in Huntsman Co. (NYSE:HUN) by 53.0% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 80,652 shares of the basic materials company’s stock after selling 91,102 shares during the quarter. Meadow Creek Investment Management LLC’s holdings in Huntsman were worth $1,649,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Icon Wealth Partners LLC purchased a new position in shares of Huntsman in the 1st quarter worth approximately $28,000. Meridian Wealth Management LLC purchased a new position in shares of Huntsman in the 1st quarter worth approximately $37,000. FinTrust Capital Advisors LLC boosted its holdings in shares of Huntsman by 130.2% in the 1st quarter. FinTrust Capital Advisors LLC now owns 2,021 shares of the basic materials company’s stock worth $45,000 after purchasing an additional 1,143 shares during the period. Gradient Investments LLC boosted its holdings in shares of Huntsman by 246.3% in the 2nd quarter. Gradient Investments LLC now owns 2,635 shares of the basic materials company’s stock worth $54,000 after purchasing an additional 1,874 shares during the period. Finally, Oppenheimer Asset Management Inc. boosted its holdings in shares of Huntsman by 54.7% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 3,566 shares of the basic materials company’s stock worth $72,000 after purchasing an additional 1,261 shares during the period. Hedge funds and other institutional investors own 74.66% of the company’s stock.

HUN traded up $0.77 during trading hours on Friday, reaching $23.65. 113,512 shares of the company’s stock traded hands, compared to its average volume of 2,266,470. The firm has a 50-day moving average price of $19.98 and a 200 day moving average price of $21.11. Huntsman Co. has a 52-week low of $17.33 and a 52-week high of $29.60. The company has a quick ratio of 1.16, a current ratio of 1.83 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $5.22 billion, a PE ratio of 7.07, a PEG ratio of 1.16 and a beta of 2.30.

Huntsman (NYSE:HUN) last posted its quarterly earnings data on Tuesday, July 30th. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.02). Huntsman had a negative net margin of 1.37% and a positive return on equity of 18.68%. The business had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.28 billion. During the same quarter in the previous year, the firm earned $1.01 EPS. Huntsman’s revenue was down 8.7% compared to the same quarter last year. Equities analysts predict that Huntsman Co. will post 2.31 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a dividend of $0.1625 per share. This represents a $0.65 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date is Thursday, September 12th. Huntsman’s dividend payout ratio (DPR) is presently 19.46%.

A number of equities analysts have recently commented on the company. ValuEngine upgraded Huntsman from a “sell” rating to a “hold” rating in a report on Tuesday. Barclays reiterated a “sell” rating and issued a $19.00 target price on shares of Huntsman in a report on Wednesday, July 31st. Nomura reiterated a “buy” rating and issued a $26.00 target price on shares of Huntsman in a report on Sunday, August 11th. Jefferies Financial Group dropped their price objective on Huntsman from $33.00 to $30.00 and set a “buy” rating for the company in a report on Monday, June 17th. Finally, UBS Group set a $26.00 price objective on Huntsman and gave the company a “buy” rating in a report on Wednesday, July 31st. Two research analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. Huntsman currently has an average rating of “Hold” and an average price target of $27.36.

Huntsman Profile

Huntsman Corporation manufactures and sells differentiated organic chemical products worldwide. The company operates in four segments: Polyurethanes, Performance Products, Advanced Materials, and Textile Effects. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyols, thermoplastic polyurethane, propylene oxide, and methyl tertiary-butyl ether products.

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Institutional Ownership by Quarter for Huntsman (NYSE:HUN)

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