Fox Run Management L.L.C. Invests $854,000 in Huntsman Corporation $HUN

Fox Run Management L.L.C. bought a new position in shares of Huntsman Corporation (NYSE:HUN) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 85,364 shares of the basic materials company’s stock, valued at approximately $854,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Huntsman by 9.3% in the fourth quarter. Vanguard Group Inc. now owns 17,880,912 shares of the basic materials company’s stock valued at $178,809,000 after buying an additional 1,523,590 shares during the last quarter. AQR Capital Management LLC lifted its stake in Huntsman by 29.8% in the third quarter. AQR Capital Management LLC now owns 12,062,972 shares of the basic materials company’s stock valued at $106,878,000 after buying an additional 2,772,563 shares during the last quarter. UBS Group AG lifted its stake in Huntsman by 83.5% in the third quarter. UBS Group AG now owns 7,364,206 shares of the basic materials company’s stock valued at $66,131,000 after buying an additional 3,351,265 shares during the last quarter. Invesco Ltd. boosted its stake in Huntsman by 1.7% during the 3rd quarter. Invesco Ltd. now owns 6,663,244 shares of the basic materials company’s stock worth $59,836,000 after purchasing an additional 113,613 shares during the period. Finally, Pzena Investment Management LLC boosted its stake in Huntsman by 5.8% during the 4th quarter. Pzena Investment Management LLC now owns 5,705,178 shares of the basic materials company’s stock worth $57,052,000 after purchasing an additional 311,312 shares during the period. Hedge funds and other institutional investors own 84.81% of the company’s stock.

Huntsman Stock Performance

Shares of HUN stock opened at $14.26 on Thursday. The company has a quick ratio of 0.75, a current ratio of 1.27 and a debt-to-equity ratio of 0.58. The stock’s 50-day moving average price is $14.06 and its 200 day moving average price is $12.37. Huntsman Corporation has a 52-week low of $7.30 and a 52-week high of $15.90. The stock has a market capitalization of $2.50 billion, a PE ratio of -7.42 and a beta of 0.64.

Huntsman (NYSE:HUN) last posted its quarterly earnings results on Thursday, April 30th. The basic materials company reported ($0.20) EPS for the quarter, beating the consensus estimate of ($0.23) by $0.03. Huntsman had a negative return on equity of 4.60% and a negative net margin of 5.83%.The business had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same period last year, the firm earned ($0.11) EPS. The company’s quarterly revenue was up .7% compared to the same quarter last year. As a group, equities research analysts forecast that Huntsman Corporation will post -0.25 EPS for the current year.

Huntsman Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $0.0875 dividend. The ex-dividend date is Monday, June 15th. This represents a $0.35 dividend on an annualized basis and a dividend yield of 2.5%. Huntsman’s payout ratio is -18.23%.

Wall Street Analysts Forecast Growth

HUN has been the subject of a number of recent research reports. UBS Group increased their price target on shares of Huntsman from $12.00 to $14.00 and gave the stock a “neutral” rating in a research note on Thursday, February 19th. The Goldman Sachs Group restated a “sell” rating and issued a $13.00 price target on shares of Huntsman in a research report on Friday, February 20th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $15.00 price target on shares of Huntsman in a research report on Tuesday, May 19th. Weiss Ratings upgraded Huntsman from a “sell (d-)” rating to a “sell (d)” rating in a research report on Wednesday, May 6th. Finally, Citigroup boosted their price target on Huntsman from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, nine have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, Huntsman presently has an average rating of “Reduce” and a consensus target price of $13.17.

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.