Pallas Capital Advisors LLC Decreases Stake in Huntsman Co. (NYSE:HUN)

Pallas Capital Advisors LLC cut its holdings in shares of Huntsman Co. (NYSE:HUNFree Report) by 27.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,844 shares of the basic materials company’s stock after selling 9,386 shares during the quarter. Pallas Capital Advisors LLC’s holdings in Huntsman were worth $448,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Matrix Trust Co purchased a new position in Huntsman in the 3rd quarter worth approximately $25,000. True Wealth Design LLC acquired a new stake in shares of Huntsman in the third quarter valued at approximately $62,000. Capital Performance Advisors LLP purchased a new position in Huntsman during the third quarter worth approximately $78,000. Quarry LP boosted its stake in Huntsman by 64.8% during the second quarter. Quarry LP now owns 3,664 shares of the basic materials company’s stock worth $83,000 after buying an additional 1,441 shares during the last quarter. Finally, Rossmore Private Capital purchased a new stake in Huntsman in the 3rd quarter valued at $202,000. Hedge funds and other institutional investors own 84.81% of the company’s stock.

Analysts Set New Price Targets

HUN has been the topic of several analyst reports. Citigroup reduced their price target on Huntsman from $22.00 to $19.00 and set a “neutral” rating on the stock in a report on Wednesday, December 18th. Mizuho reduced their target price on shares of Huntsman from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Morgan Stanley decreased their target price on shares of Huntsman from $24.00 to $20.00 and set an “equal weight” rating on the stock in a report on Monday. Wells Fargo & Company cut their price target on shares of Huntsman from $26.00 to $25.00 and set an “overweight” rating for the company in a report on Wednesday, November 6th. Finally, Royal Bank of Canada decreased their price objective on Huntsman from $23.00 to $20.00 and set a “sector perform” rating on the stock in a report on Thursday, December 19th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $23.33.

Check Out Our Latest Analysis on HUN

Insider Buying and Selling at Huntsman

In other news, Director Mary C. Beckerle sold 20,201 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $21.42, for a total value of $432,705.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 5.60% of the stock is currently owned by corporate insiders.

Huntsman Stock Performance

Shares of HUN stock opened at $16.77 on Wednesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.83 and a current ratio of 1.47. The firm has a market cap of $2.90 billion, a P/E ratio of -24.30 and a beta of 0.97. The firm’s 50 day moving average price is $18.80 and its 200-day moving average price is $21.16. Huntsman Co. has a one year low of $15.95 and a one year high of $27.01.

Huntsman (NYSE:HUNGet Free Report) last released its quarterly earnings results on Monday, November 4th. The basic materials company reported $0.10 EPS for the quarter, hitting analysts’ consensus estimates of $0.10. Huntsman had a negative return on equity of 0.03% and a negative net margin of 1.99%. The company had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.55 billion. During the same period in the prior year, the firm earned $0.15 earnings per share. The firm’s revenue was up 2.3% compared to the same quarter last year. As a group, equities research analysts predict that Huntsman Co. will post 0.09 EPS for the current year.

Huntsman Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 5.96%. The ex-dividend date was Friday, December 13th. Huntsman’s dividend payout ratio (DPR) is -144.93%.

About Huntsman

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding HUN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Huntsman Co. (NYSE:HUNFree Report).

Institutional Ownership by Quarter for Huntsman (NYSE:HUN)

Receive News & Ratings for Huntsman Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huntsman and related companies with MarketBeat.com's FREE daily email newsletter.