Huntsman Corporation (HUN) Shares Sold by Hanseatic Management Services Inc.
Hanseatic Management Services Inc. trimmed its stake in shares of Huntsman Corporation (NYSE:HUN) by 28.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,429 shares of the basic materials company’s stock after selling 9,530 shares during the quarter. Hanseatic Management Services Inc.’s holdings in Huntsman Corporation were worth $670,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of HUN. Mckinley Capital Management LLC Delaware bought a new position in Huntsman Corporation during the 2nd quarter valued at $106,000. Harvest Fund Management Co. Ltd bought a new position in Huntsman Corporation during the 2nd quarter valued at $109,000. Opera Trading Capital bought a new position in Huntsman Corporation during the 2nd quarter valued at $129,000. Bronfman E.L. Rothschild L.P. boosted its stake in Huntsman Corporation by 0.4% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 5,385 shares of the basic materials company’s stock valued at $139,000 after acquiring an additional 24 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in Huntsman Corporation by 9.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,281 shares of the basic materials company’s stock valued at $188,000 after acquiring an additional 610 shares during the last quarter. Hedge funds and other institutional investors own 74.47% of the company’s stock.
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In related news, Director Mary C. Beckerle sold 4,507 shares of Huntsman Corporation stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $30.76, for a total value of $138,635.32. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Anthony P. Hankins sold 80,000 shares of Huntsman Corporation stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $31.88, for a total transaction of $2,550,400.00. Following the completion of the sale, the chief executive officer now owns 442,615 shares in the company, valued at $14,110,566.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,056,190 shares of company stock worth $33,429,051. 19.00% of the stock is currently owned by insiders.
Shares of Huntsman Corporation (NYSE HUN) traded down $0.57 during trading hours on Wednesday, reaching $29.54. 4,526,097 shares of the company traded hands, compared to its average volume of 3,640,267. The company has a market cap of $7,365.85, a P/E ratio of 12.84, a PEG ratio of 1.47 and a beta of 2.87. Huntsman Corporation has a 12-month low of $18.18 and a 12-month high of $32.59. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.52 and a current ratio of 1.87.
Huntsman Corporation (NYSE:HUN) last issued its quarterly earnings data on Friday, October 27th. The basic materials company reported $0.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.17. The firm had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $1.99 billion. Huntsman Corporation had a net margin of 5.37% and a return on equity of 30.64%. Huntsman Corporation’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same period last year, the firm posted $0.38 EPS. sell-side analysts anticipate that Huntsman Corporation will post 2.61 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a $0.125 dividend. The ex-dividend date is Thursday, December 14th. This represents a $0.50 annualized dividend and a yield of 1.69%. Huntsman Corporation’s dividend payout ratio is presently 23.47%.
A number of research firms have commented on HUN. Alembic Global Advisors reiterated a “buy” rating on shares of Huntsman Corporation in a research note on Monday, November 6th. UBS AG raised their price target on shares of Huntsman Corporation from $32.00 to $35.00 and gave the stock a “buy” rating in a research report on Monday, October 30th. Nomura raised their price target on shares of Huntsman Corporation to $40.00 and gave the stock a “buy” rating in a research report on Monday, October 30th. SunTrust Banks, Inc. restated a “buy” rating and issued a $32.00 price target on shares of Huntsman Corporation in a research report on Friday, October 27th. They noted that the move was a valuation call. Finally, KeyCorp restated a “buy” rating and issued a $34.00 price target on shares of Huntsman Corporation in a research report on Tuesday, October 17th. Two analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $31.55.
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). The Company operates through five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments and Additives.
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