Quantbot Technologies LP Has $2.69 Million Holdings in Huntsman Corporation $HUN

Quantbot Technologies LP cut its position in shares of Huntsman Corporation (NYSE:HUN) by 61.7% during the third quarter, HoldingsChannel.com reports. The firm owned 299,599 shares of the basic materials company’s stock after selling 483,371 shares during the period. Quantbot Technologies LP’s holdings in Huntsman were worth $2,690,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HUN. Entropy Technologies LP lifted its holdings in shares of Huntsman by 453.9% during the second quarter. Entropy Technologies LP now owns 107,649 shares of the basic materials company’s stock valued at $1,122,000 after acquiring an additional 88,215 shares during the period. Arkadios Wealth Advisors acquired a new stake in shares of Huntsman during the 2nd quarter worth about $572,000. Evergreen Capital Management LLC bought a new position in Huntsman during the 3rd quarter valued at about $799,000. Boston Partners boosted its position in Huntsman by 657.9% in the second quarter. Boston Partners now owns 982,508 shares of the basic materials company’s stock valued at $10,102,000 after buying an additional 852,877 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its stake in Huntsman by 47.4% during the second quarter. Advisors Asset Management Inc. now owns 558,344 shares of the basic materials company’s stock worth $5,818,000 after buying an additional 179,476 shares during the last quarter. 84.81% of the stock is owned by institutional investors.

Huntsman Trading Up 1.0%

Shares of HUN opened at $12.42 on Wednesday. The stock’s fifty day simple moving average is $11.87 and its 200-day simple moving average is $10.37. The firm has a market capitalization of $2.16 billion, a PE ratio of -7.57 and a beta of 0.66. Huntsman Corporation has a 12-month low of $7.30 and a 12-month high of $18.08. The company has a quick ratio of 0.78, a current ratio of 1.30 and a debt-to-equity ratio of 0.56.

Huntsman (NYSE:HUN) last announced its quarterly earnings data on Tuesday, February 17th. The basic materials company reported ($0.37) EPS for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.08). Huntsman had a negative return on equity of 3.97% and a negative net margin of 5.00%.The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the previous year, the business earned ($0.25) earnings per share. Huntsman’s revenue for the quarter was down 6.7% compared to the same quarter last year. As a group, research analysts predict that Huntsman Corporation will post 0.32 earnings per share for the current year.

Huntsman Dividend Announcement

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

Analysts Set New Price Targets

HUN has been the subject of a number of research analyst reports. Zacks Research upgraded shares of Huntsman from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Wells Fargo & Company lifted their price objective on Huntsman from $9.00 to $12.00 and gave the company an “equal weight” rating in a research report on Thursday, February 19th. Royal Bank Of Canada increased their target price on Huntsman from $13.00 to $14.00 and gave the stock a “sector perform” rating in a report on Thursday, February 19th. KeyCorp reaffirmed a “sector weight” rating on shares of Huntsman in a report on Monday, December 22nd. Finally, Mizuho increased their price objective on shares of Huntsman from $8.00 to $9.00 and gave the stock an “underperform” rating in a report on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, eight have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $12.41.

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.