Counterpoint Mutual Funds LLC Acquires 64,227 Shares of Huntsman Corporation $HUN

Counterpoint Mutual Funds LLC grew its holdings in Huntsman Corporation (NYSE:HUN) by 249.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 90,018 shares of the basic materials company’s stock after acquiring an additional 64,227 shares during the period. Counterpoint Mutual Funds LLC’s holdings in Huntsman were worth $808,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of HUN. Vanguard Group Inc. lifted its stake in shares of Huntsman by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 16,357,322 shares of the basic materials company’s stock valued at $146,889,000 after purchasing an additional 70,579 shares during the last quarter. Invesco Ltd. raised its holdings in Huntsman by 8.0% during the second quarter. Invesco Ltd. now owns 6,549,631 shares of the basic materials company’s stock valued at $68,247,000 after buying an additional 485,587 shares in the last quarter. Pzena Investment Management LLC lifted its position in shares of Huntsman by 1.6% in the third quarter. Pzena Investment Management LLC now owns 5,393,866 shares of the basic materials company’s stock worth $48,437,000 after buying an additional 83,098 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Huntsman by 0.4% during the 2nd quarter. Geode Capital Management LLC now owns 2,689,225 shares of the basic materials company’s stock worth $28,027,000 after acquiring an additional 10,154 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Huntsman by 97.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,137,285 shares of the basic materials company’s stock valued at $33,748,000 after acquiring an additional 1,052,127 shares during the last quarter. Institutional investors and hedge funds own 84.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Zacks Research raised Huntsman from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. Alembic Global Advisors upgraded shares of Huntsman from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 17th. Wells Fargo & Company raised their target price on shares of Huntsman from $9.00 to $12.00 and gave the company an “equal weight” rating in a research note on Thursday, February 19th. UBS Group lifted their target price on shares of Huntsman from $12.00 to $14.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Huntsman in a report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eight have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $12.41.

Huntsman Stock Down 0.9%

Shares of HUN opened at $12.47 on Tuesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.78 and a current ratio of 1.30. The company has a 50-day simple moving average of $11.58 and a 200-day simple moving average of $10.25. Huntsman Corporation has a 52 week low of $7.30 and a 52 week high of $18.08. The firm has a market capitalization of $2.17 billion, a P/E ratio of -7.61 and a beta of 0.70.

Huntsman (NYSE:HUN) last issued its quarterly earnings results 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). Huntsman had a negative net margin of 5.00% and a negative return on equity of 3.97%. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the prior year, the firm earned ($0.25) earnings per share. The company’s revenue was down 6.7% on a year-over-year basis. On average, equities research analysts expect that Huntsman Corporation will post 0.32 earnings per share for the current year.

Huntsman Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be paid a $0.0875 dividend. This represents a $0.35 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Friday, March 13th. Huntsman’s dividend payout ratio is presently -21.34%.

Huntsman Company 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.