Huntsman Corporation (HUN) Stake Cut by Gabelli Funds LLC
Gabelli Funds LLC reduced its stake in shares of Huntsman Corporation (NYSE:HUN) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,058,000 shares of the company’s stock after selling 10,000 shares during the period. Gabelli Funds LLC’s holdings in Huntsman Corporation were worth $20,187,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. Acrospire Investment Management LLC bought a new stake in shares of Huntsman Corporation during the third quarter valued at about $109,000. Catalyst Capital Advisors LLC bought a new stake in shares of Huntsman Corporation during the third quarter valued at about $151,000. Creative Planning increased its stake in shares of Huntsman Corporation by 24.8% in the third quarter. Creative Planning now owns 10,325 shares of the company’s stock valued at $168,000 after buying an additional 2,055 shares in the last quarter. Brinker Capital Inc. bought a new stake in shares of Huntsman Corporation during the third quarter valued at about $173,000. Finally, World Asset Management Inc bought a new stake in shares of Huntsman Corporation during the third quarter valued at about $175,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.
Shares of Huntsman Corporation (NYSE:HUN) traded down 1.366% during mid-day trading on Friday, reaching $21.305. The company had a trading volume of 1,568,260 shares. Huntsman Corporation has a 52-week low of $8.86 and a 52-week high of $22.37. The company’s 50-day moving average is $20.31 and its 200 day moving average is $18.04. The stock has a market capitalization of $5.07 billion, a P/E ratio of 25.243 and a beta of 2.61.
Huntsman Corporation (NYSE:HUN) last posted its quarterly earnings data on Wednesday, February 15th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.06. Huntsman Corporation had a net margin of 2.11% and a return on equity of 25.26%. The firm had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.25 billion. During the same period in the previous year, the company posted $0.51 EPS. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. Analysts anticipate that Huntsman Corporation will post $1.53 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Wednesday, March 15th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.31%. The ex-dividend date is Monday, March 13th. Huntsman Corporation’s payout ratio is 58.82%.
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Several brokerages recently issued reports on HUN. Zacks Investment Research upgraded Huntsman Corporation from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 13th. Goldman Sachs Group, Inc. (The) downgraded Huntsman Corporation from a “buy” rating to a “neutral” rating and increased their price target for the company from $20.51 to $23.00 in a report on Monday, December 12th. They noted that the move was a valuation call. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $18.80.
In other Huntsman Corporation news, VP Russell R. Stolle sold 59,361 shares of Huntsman Corporation stock in a transaction that occurred on Thursday, January 26th. The shares were sold at an average price of $21.42, for a total transaction of $1,271,512.62. Following the transaction, the vice president now directly owns 113,098 shares in the company, valued at approximately $2,422,559.16. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Brian V. Ridd sold 44,265 shares of Huntsman Corporation stock in a transaction that occurred on Wednesday, January 25th. The stock was sold at an average price of $21.50, for a total transaction of $951,697.50. Following the transaction, the vice president now owns 270,280 shares in the company, valued at $5,811,020. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 111,137 shares of company stock worth $2,375,683. Corporate insiders own 19.68% of the company’s stock.
Huntsman Corporation Company Profile
Huntsman Corporation is a manufacturer of differentiated organic chemical products and of inorganic chemical products. The Company operates all of its businesses through its subsidiary, Huntsman International LLC (Huntsman International). It operates in five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments and Additives.
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