Concentric Capital Strategies LP Has $4.88 Million Holdings in Huntsman Co. (NYSE:HUN)

Concentric Capital Strategies LP lifted its position in shares of Huntsman Co. (NYSE:HUN) by 253.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 201,569 shares of the basic materials company’s stock after purchasing an additional 144,544 shares during the quarter. Concentric Capital Strategies LP’s holdings in Huntsman were worth $4,878,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of HUN. Allspring Global Investments Holdings LLC grew its holdings in shares of Huntsman by 1.5% during the second quarter. Allspring Global Investments Holdings LLC now owns 6,657,819 shares of the basic materials company’s stock valued at $151,599,000 after buying an additional 97,082 shares during the last quarter. Millennium Management LLC raised its position in Huntsman by 5.2% in the 2nd quarter. Millennium Management LLC now owns 4,891,928 shares of the basic materials company’s stock valued at $111,389,000 after buying an additional 243,821 shares during the last quarter. 1832 Asset Management L.P. raised its position in Huntsman by 54.0% in the 2nd quarter. 1832 Asset Management L.P. now owns 4,415,264 shares of the basic materials company’s stock valued at $100,536,000 after buying an additional 1,547,344 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Huntsman by 52.4% during the 2nd quarter. Victory Capital Management Inc. now owns 2,358,390 shares of the basic materials company’s stock valued at $53,701,000 after acquiring an additional 811,099 shares in the last quarter. Finally, AQR Capital Management LLC boosted its holdings in Huntsman by 383.0% during the 2nd quarter. AQR Capital Management LLC now owns 1,417,641 shares of the basic materials company’s stock worth $32,138,000 after acquiring an additional 1,124,113 shares during the last quarter. 84.81% of the stock is currently owned by institutional investors.

Huntsman Price Performance

Shares of NYSE HUN opened at $19.58 on Monday. The company has a current ratio of 1.47, a quick ratio of 0.83 and a debt-to-equity ratio of 0.45. The stock has a fifty day simple moving average of $21.98 and a two-hundred day simple moving average of $22.46. Huntsman Co. has a 1-year low of $19.11 and a 1-year high of $27.01. The firm has a market cap of $3.39 billion, a price-to-earnings ratio of -28.38 and a beta of 1.02.

Huntsman (NYSE:HUN) last posted its quarterly earnings results on Monday, November 4th. The basic materials company reported $0.10 earnings per share for the quarter, hitting the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter in the prior year, the company earned $0.15 EPS. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. Analysts anticipate that Huntsman Co. will post 0.09 earnings per share for the current year.

Huntsman Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 5.11%. The ex-dividend date of this dividend is Friday, December 13th. Huntsman’s dividend payout ratio (DPR) is currently -144.93%.

Insider Activity at Huntsman

In other Huntsman news, Director Mary C. Beckerle sold 20,201 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $21.42, for a total transaction of $432,705.42. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 5.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

HUN has been the topic of a number of recent analyst reports. Wells Fargo & Company dropped their price target on shares of Huntsman from $26.00 to $25.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 6th. Royal Bank of Canada boosted their target price on Huntsman from $21.00 to $24.00 and gave the stock a “sector perform” rating in a research note on Friday, October 11th. UBS Group decreased their price target on Huntsman from $24.00 to $23.00 and set a “neutral” rating for the company in a research report on Tuesday, November 5th. Finally, JPMorgan Chase & Co. cut their price objective on Huntsman from $27.00 to $25.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $25.75.

Huntsman Company 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.