Bayesian Capital Management LP Makes New $1.01 Million Investment in Huntsman Co. (NYSE:HUN)

Bayesian Capital Management LP acquired a new stake in Huntsman Co. (NYSE:HUN) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 38,830 shares of the basic materials company’s stock, valued at approximately $1,011,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HUN. Quadrant Capital Group LLC lifted its stake in shares of Huntsman by 93.0% during the fourth quarter. Quadrant Capital Group LLC now owns 1,081 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 521 shares in the last quarter. GAMMA Investing LLC purchased a new stake in shares of Huntsman during the fourth quarter valued at approximately $36,000. Montag A & Associates Inc. purchased a new position in shares of Huntsman in the fourth quarter valued at $45,000. Fidelis Capital Partners LLC purchased a new stake in Huntsman during the 1st quarter worth $45,000. Finally, Quarry LP acquired a new position in Huntsman in the 4th quarter worth $52,000. Institutional investors and hedge funds own 84.81% of the company’s stock.

Huntsman Stock Performance

Shares of Huntsman stock traded up $0.13 during trading hours on Wednesday, reaching $24.00. The company’s stock had a trading volume of 48,970 shares, compared to its average volume of 1,892,972. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.98 and a current ratio of 1.55. Huntsman Co. has a one year low of $21.41 and a one year high of $29.90. The company’s 50 day simple moving average is $23.43 and its 200 day simple moving average is $24.32. The stock has a market cap of $4.15 billion, a P/E ratio of -45.92 and a beta of 1.01.

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

Huntsman Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a dividend of $0.25 per share. The ex-dividend date was Friday, June 14th. This represents a $1.00 dividend on an annualized basis and a yield of 4.17%. Huntsman’s dividend payout ratio is currently -192.31%.

Wall Street Analyst Weigh In

Several research analysts recently commented on HUN shares. UBS Group cut their price target on Huntsman from $26.00 to $23.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. JPMorgan Chase & Co. upgraded Huntsman from an “underweight” rating to an “overweight” rating and increased their target price for the company from $22.00 to $27.00 in a research note on Friday, June 7th. Wells Fargo & Company dropped their price target on shares of Huntsman from $32.00 to $28.00 and set an “overweight” rating for the company in a research note on Thursday, July 11th. Royal Bank of Canada increased their price objective on shares of Huntsman from $24.00 to $26.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 7th. Finally, Citigroup dropped their target price 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. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Huntsman presently 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.