1832 Asset Management L.P. Has $74.65 Million Holdings in Huntsman Co. (NYSE:HUN)

1832 Asset Management L.P. boosted its stake in shares of Huntsman Co. (NYSE:HUN) by 753.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,867,920 shares of the basic materials company’s stock after buying an additional 2,531,800 shares during the period. 1832 Asset Management L.P. owned about 1.66% of Huntsman worth $74,652,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of HUN. Dumont & Blake Investment Advisors LLC grew its stake in Huntsman by 1.7% during the 1st quarter. Dumont & Blake Investment Advisors LLC now owns 30,817 shares of the basic materials company’s stock valued at $802,000 after acquiring an additional 505 shares in the last quarter. Quadrant Capital Group LLC grew its stake in shares of Huntsman by 93.0% in the 4th quarter. Quadrant Capital Group LLC now owns 1,081 shares of the basic materials company’s stock valued at $27,000 after buying an additional 521 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Huntsman by 44.0% in the 1st quarter. GAMMA Investing LLC now owns 2,115 shares of the basic materials company’s stock valued at $55,000 after buying an additional 646 shares in the last quarter. William Blair Investment Management LLC grew its stake in shares of Huntsman by 4.0% in the 1st quarter. William Blair Investment Management LLC now owns 17,131 shares of the basic materials company’s stock valued at $446,000 after buying an additional 653 shares in the last quarter. Finally, Quantbot Technologies LP grew its stake in shares of Huntsman by 0.4% in the 1st quarter. Quantbot Technologies LP now owns 185,005 shares of the basic materials company’s stock valued at $4,816,000 after buying an additional 693 shares in the last quarter. Institutional investors and hedge funds own 84.81% of the company’s stock.

Huntsman Stock Performance

Shares of NYSE HUN traded up $0.34 during trading hours on Friday, reaching $23.41. The stock had a trading volume of 1,359,124 shares, compared to its average volume of 2,017,114. The business’s fifty day moving average is $23.48 and its two-hundred day moving average is $24.32. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.55 and a quick ratio of 0.98. The company has a market cap of $4.05 billion, a price-to-earnings ratio of -45.02 and a beta of 1.01. Huntsman Co. has a twelve month low of $21.41 and a twelve month high of $29.90.

Huntsman (NYSE:HUN) last issued its earnings results on Thursday, May 2nd. The basic materials company reported ($0.06) EPS for the quarter, meeting analysts’ consensus estimates of ($0.06). The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.47 billion. Huntsman had a positive return on equity of 0.67% and a negative net margin of 1.49%. Huntsman’s revenue was down 8.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.20 earnings per share. As a group, research analysts expect that Huntsman Co. will post 0.33 EPS for the current year.

Huntsman Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $1.00 annualized dividend and a yield of 4.27%. Huntsman’s dividend payout ratio is currently -192.31%.

Analyst Upgrades and Downgrades

HUN has been the subject of several recent research reports. Wells Fargo & Company lowered their price target on Huntsman from $32.00 to $28.00 and set an “overweight” rating for the company in a research note on Thursday, July 11th. JPMorgan Chase & Co. raised Huntsman from an “underweight” rating to an “overweight” rating and upped their target price for the stock from $22.00 to $27.00 in a research report on Friday, June 7th. Citigroup decreased their target price on Huntsman from $26.00 to $24.00 and set a “neutral” rating for the company in a research report on Thursday, June 27th. Royal Bank of Canada upped their price target on Huntsman from $24.00 to $26.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 7th. Finally, UBS Group cut their price target on Huntsman from $26.00 to $23.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $26.50.

Huntsman 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.