Regents Gate Capital LLP Acquires 250,389 Shares of Huntsman Corporation $HUN

Regents Gate Capital LLP boosted its holdings in shares of Huntsman Corporation (NYSE:HUN) by 117.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 463,137 shares of the basic materials company’s stock after purchasing an additional 250,389 shares during the period. Huntsman comprises approximately 1.5% of Regents Gate Capital LLP’s holdings, making the stock its 26th largest holding. Regents Gate Capital LLP owned about 0.27% of Huntsman worth $4,159,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Entropy Technologies LP raised its holdings in shares of Huntsman by 453.9% during the second quarter. Entropy Technologies LP now owns 107,649 shares of the basic materials company’s stock valued at $1,122,000 after acquiring an additional 88,215 shares in the last quarter. Arkadios Wealth Advisors purchased a new position in Huntsman during the 2nd quarter valued at $572,000. Evergreen Capital Management LLC bought a new position in Huntsman in the 3rd quarter worth $799,000. Boston Partners lifted its position in shares of Huntsman by 657.9% in the 2nd quarter. Boston Partners now owns 982,508 shares of the basic materials company’s stock worth $10,102,000 after purchasing an additional 852,877 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of Huntsman during the 3rd quarter valued at about $832,000. Hedge funds and other institutional investors own 84.81% of the company’s stock.

Huntsman Trading Up 5.6%

Shares of NYSE HUN opened at $12.64 on Monday. The firm’s 50 day moving average price is $11.78 and its 200-day moving average price is $10.34. Huntsman Corporation has a 52-week low of $7.30 and a 52-week high of $18.08. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.78 and a current ratio of 1.30. The company has a market cap of $2.20 billion, a PE ratio of -7.71 and a beta of 0.66.

Huntsman (NYSE:HUN) last released its quarterly earnings data on Tuesday, February 17th. The basic materials company reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.29) by ($0.08). The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.34 billion. Huntsman had a negative net margin of 5.00% and a negative return on equity of 3.97%. The business’s revenue was down 6.7% compared to the same quarter last year. During the same period last year, the company posted ($0.25) earnings per share. On average, equities research analysts expect that Huntsman Corporation will post 0.32 EPS for the current fiscal year.

Huntsman Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be given a dividend of $0.0875 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.35 annualized dividend and a dividend yield of 2.8%. Huntsman’s dividend payout ratio (DPR) is -21.34%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Huntsman in a research note on Thursday, January 22nd. Citigroup increased their target price on Huntsman from $12.00 to $14.00 and gave the stock a “neutral” rating in a research report on Thursday, February 19th. Wells Fargo & Company lifted their price target on Huntsman from $9.00 to $12.00 and gave the company an “equal weight” rating in a research report on Thursday, February 19th. Royal Bank Of Canada upped their price target on Huntsman from $13.00 to $14.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 19th. Finally, KeyCorp reissued a “sector weight” rating on shares of Huntsman in a research report on Monday, December 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, eight have given a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $12.41.

Huntsman Profile

Huntsman Corporation is a global manufacturer and marketer of specialty chemicals with headquarters in The Woodlands, Texas. Founded in 1970 by entrepreneur Jon Huntsman Sr., the company has grown through strategic acquisitions and organic expansion to establish a broad portfolio of products serving diverse end markets. Huntsman maintains a presence in more than 30 countries, operating manufacturing facilities across North America, Europe, Asia-Pacific, Latin America and the Middle East.

The company organizes its operations into several core business segments, including Polyurethanes, Performance Products, Advanced Materials, and Textile Effects.