Huntleigh Advisors Inc. Sells 45,435 Shares of Huntsman Corporation $HUN

Huntleigh Advisors Inc. decreased its position in shares of Huntsman Corporation (NYSE:HUN) by 77.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,608 shares of the basic materials company’s stock after selling 45,435 shares during the quarter. Huntleigh Advisors Inc.’s holdings in Huntsman were worth $122,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. SJS Investment Consulting Inc. purchased a new position in Huntsman during the 3rd quarter valued at about $33,000. GAMMA Investing LLC boosted its stake in shares of Huntsman by 104.9% during the third quarter. GAMMA Investing LLC now owns 3,935 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 2,015 shares in the last quarter. IFP Advisors Inc increased its holdings in Huntsman by 197.6% during the second quarter. IFP Advisors Inc now owns 3,661 shares of the basic materials company’s stock valued at $38,000 after buying an additional 2,431 shares during the period. Bayforest Capital Ltd lifted its holdings in Huntsman by 986.0% during the third quarter. Bayforest Capital Ltd now owns 6,505 shares of the basic materials company’s stock worth $58,000 after buying an additional 5,906 shares during the period. Finally, Wilmington Savings Fund Society FSB boosted its position in Huntsman by 1,101.3% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 8,265 shares of the basic materials company’s stock valued at $74,000 after acquiring an additional 7,577 shares in the last quarter. 84.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the company. The Goldman Sachs Group boosted their price target on Huntsman from $8.50 to $9.50 and gave the stock a “sell” rating in a research report on Thursday, December 4th. Mizuho lifted their target price on Huntsman from $7.00 to $8.00 and gave the company an “underperform” rating in a research note on Thursday, December 18th. KeyCorp reissued a “sector weight” rating on shares of Huntsman in a research report on Monday, December 22nd. Royal Bank Of Canada lifted their price objective on shares of Huntsman from $10.00 to $13.00 and gave the stock a “sector perform” rating in a research report on Friday, January 16th. Finally, JPMorgan Chase & Co. reduced their target price on Huntsman from $20.00 to $11.00 and set an “overweight” rating on the stock in a research report on Monday, November 10th. Two equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, Huntsman presently has a consensus rating of “Reduce” and a consensus price target of $11.00.

Huntsman Trading Up 6.2%

HUN opened at $12.00 on Thursday. The business has a fifty day simple moving average of $10.24 and a 200-day simple moving average of $9.97. The firm has a market cap of $2.08 billion, a P/E ratio of -6.31 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. Huntsman Corporation has a 52 week low of $7.30 and a 52 week high of $18.53.

Huntsman (NYSE:HUN) last announced its quarterly earnings data on Thursday, November 6th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.10. Huntsman had a negative return on equity of 3.26% and a negative net margin of 5.69%.The business had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same period last year, the firm earned $0.10 earnings per share. The company’s revenue for the quarter was down 5.2% compared to the same quarter last year. On average, equities analysts expect that Huntsman Corporation will post 0.32 earnings per share for the current year.

Huntsman Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were paid a $0.0875 dividend. This represents a $0.35 annualized dividend and a yield of 2.9%. The ex-dividend date was Monday, December 15th. Huntsman’s dividend payout ratio is currently -18.42%.

Huntsman Profile

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.