Cambria Investment Management L.P. Purchases 294,793 Shares of Huntsman Corporation $HUN

Cambria Investment Management L.P. raised its holdings in shares of Huntsman Corporation (NYSE:HUN) by 71.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 706,492 shares of the basic materials company’s stock after purchasing an additional 294,793 shares during the quarter. Cambria Investment Management L.P.’s holdings in Huntsman were worth $6,344,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Huntsman by 0.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 599,296 shares of the basic materials company’s stock valued at $9,463,000 after purchasing an additional 1,581 shares during the period. AMG National Trust Bank boosted its holdings in Huntsman by 1.1% in the 3rd quarter. AMG National Trust Bank now owns 162,513 shares of the basic materials company’s stock worth $1,459,000 after buying an additional 1,769 shares during the period. Treasurer of the State of North Carolina grew its stake in Huntsman by 2.7% in the 2nd quarter. Treasurer of the State of North Carolina now owns 76,769 shares of the basic materials company’s stock valued at $800,000 after buying an additional 2,008 shares in the last quarter. GAMMA Investing LLC grew its stake in Huntsman by 104.9% in the 3rd quarter. GAMMA Investing LLC now owns 3,935 shares of the basic materials company’s stock valued at $35,000 after buying an additional 2,015 shares in the last quarter. Finally, Strategic Advocates LLC bought a new stake in Huntsman during the 3rd quarter valued at $27,000. Hedge funds and other institutional investors own 84.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $13.00 price target on shares of Huntsman in a report on Friday, February 20th. Weiss Ratings reissued a “sell (d)” rating on shares of Huntsman in a report on Thursday, January 22nd. Citigroup raised their target price on Huntsman from $12.00 to $14.00 and gave the stock a “neutral” rating in a research note on Thursday, February 19th. Wells Fargo & Company lifted their target price on Huntsman from $9.00 to $12.00 and gave the company an “equal weight” rating in a report on Thursday, February 19th. Finally, Royal Bank Of Canada increased their price target on shares of Huntsman from $13.00 to $14.00 and gave the stock a “sector perform” rating in a report on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eight have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $12.41.

Huntsman Trading Down 1.9%

Huntsman stock opened at $11.98 on Thursday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.78 and a current ratio of 1.30. Huntsman Corporation has a fifty-two week low of $7.30 and a fifty-two week high of $17.17. The stock has a market cap of $2.08 billion, a P/E ratio of -7.30 and a beta of 0.66. The firm’s fifty day moving average price is $12.29 and its 200-day moving average price is $10.49.

Huntsman (NYSE:HUN) last posted 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 for 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%. Huntsman’s quarterly revenue was down 6.7% on a year-over-year basis. During the same period in the prior year, the business posted ($0.25) EPS. Equities research analysts forecast that Huntsman Corporation will post 0.32 earnings per share for the current fiscal year.

Huntsman Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be issued 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 2.9%. Huntsman’s payout ratio is presently -21.34%.

About Huntsman

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.