Huntsman Corporation $HUN Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC grew its holdings in shares of Huntsman Corporation (NYSE:HUN) by 8.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,086,220 shares of the basic materials company’s stock after buying an additional 164,987 shares during the period. SG Americas Securities LLC owned 1.20% of Huntsman worth $18,734,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in HUN. Yousif Capital Management LLC boosted its position in Huntsman by 12.6% during the 2nd quarter. Yousif Capital Management LLC now owns 12,390 shares of the basic materials company’s stock worth $129,000 after acquiring an additional 1,386 shares during the period. Kelleher Financial Advisors grew its position in Huntsman by 5.7% in the 2nd quarter. Kelleher Financial Advisors now owns 26,908 shares of the basic materials company’s stock valued at $280,000 after buying an additional 1,454 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Huntsman by 0.3% during the 1st 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 buying an additional 1,581 shares during the period. Treasurer of the State of North Carolina raised its position in shares of Huntsman by 2.7% during the 2nd quarter. Treasurer of the State of North Carolina now owns 76,769 shares of the basic materials company’s stock worth $800,000 after buying an additional 2,008 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Huntsman by 104.9% in the 3rd quarter. GAMMA Investing LLC now owns 3,935 shares of the basic materials company’s stock worth $35,000 after acquiring an additional 2,015 shares during the period. 84.81% of the stock is currently owned by institutional investors and hedge funds.

Huntsman Stock Performance

Shares of NYSE HUN opened at $11.32 on Friday. Huntsman Corporation has a 52-week low of $7.30 and a 52-week high of $18.53. The stock has a market capitalization of $1.97 billion, a price-to-earnings ratio of -5.96 and a beta of 0.68. The company has a quick ratio of 0.84, a current ratio of 1.36 and a debt-to-equity ratio of 0.54. The stock’s fifty day simple moving average is $9.58 and its 200 day simple moving average is $9.91.

Huntsman (NYSE:HUN) last issued its quarterly earnings results on Thursday, November 6th. The basic materials company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.10. The firm had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Huntsman had a negative return on equity of 3.26% and a negative net margin of 5.69%.Huntsman’s revenue was down 5.2% on a year-over-year basis. During the same quarter last year, the business posted $0.10 EPS. As a group, sell-side analysts forecast that Huntsman Corporation will post 0.32 earnings per share for the current fiscal year.

Huntsman Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were issued a dividend of $0.0875 per share. The ex-dividend date was Monday, December 15th. This represents a $0.35 dividend on an annualized basis and a dividend yield of 3.1%. Huntsman’s payout ratio is currently -18.42%.

Analysts Set New Price Targets

HUN has been the topic of a number of research analyst reports. The Goldman Sachs Group raised their price objective on shares of Huntsman from $8.50 to $9.50 and gave the company a “sell” rating in a research note on Thursday, December 4th. KeyCorp reiterated a “sector weight” rating on shares of Huntsman in a research report on Monday, December 22nd. Bank of America restated an “underperform” rating and issued a $8.00 price objective (down previously from $9.00) on shares of Huntsman in a report on Tuesday, October 14th. Alembic Global Advisors set a $11.00 target price on Huntsman in a report on Monday, October 27th. Finally, Zacks Research raised shares of Huntsman from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. Two research analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Huntsman presently has an average rating of “Reduce” and an average target price of $10.23.

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.