Huntsman Co. (NYSE:HUN) Shares Bought by Brevan Howard Capital Management LP

Brevan Howard Capital Management LP increased its stake in Huntsman Co. (NYSE:HUN) by 45.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,542 shares of the basic materials company’s stock after purchasing an additional 13,695 shares during the quarter. Brevan Howard Capital Management LP’s holdings in Huntsman were worth $785,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in HUN. R Squared Ltd acquired a new position in shares of Huntsman in the 4th quarter worth approximately $40,000. Quadrant Capital Group LLC increased its holdings in Huntsman by 74.9% in the fourth quarter. Quadrant Capital Group LLC now owns 2,232 shares of the basic materials company’s stock worth $40,000 after buying an additional 956 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new position in shares of Huntsman during the 4th quarter valued at $60,000. Quarry LP bought a new position in Huntsman during the fourth quarter valued at about $65,000. Finally, Signaturefd LLC raised its position in shares of Huntsman by 174.5% in the fourth quarter. Signaturefd LLC now owns 4,386 shares of the basic materials company’s stock valued at $79,000 after purchasing an additional 2,788 shares during the period. Institutional investors and hedge funds own 84.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on HUN shares. JPMorgan Chase & Co. cut their price target on Huntsman from $22.00 to $20.00 and set an “overweight” rating for the company in a report on Monday. StockNews.com lowered shares of Huntsman from a “hold” rating to a “sell” rating in a report on Monday. Morgan Stanley lowered their target price on Huntsman from $20.00 to $13.50 and set an “equal weight” rating for the company in a research note on Monday. Citigroup reduced their price objective on Huntsman from $19.00 to $14.00 and set a “neutral” rating on the stock in a report on Friday, April 4th. Finally, Wells Fargo & Company downgraded Huntsman from an “overweight” rating to a “reduce” rating in a research note on Monday. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $15.00.

Huntsman Price Performance

Shares of NYSE HUN opened at $12.00 on Friday. The firm has a market cap of $2.08 billion, a PE ratio of -10.90 and a beta of 0.82. The company has a fifty day moving average price of $14.59 and a 200 day moving average price of $17.24. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.48. Huntsman Co. has a 1-year low of $11.15 and a 1-year high of $25.78.

Huntsman (NYSE:HUN) last released its earnings results on Thursday, May 1st. The basic materials company reported ($0.11) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.11). Huntsman had a negative return on equity of 0.39% and a negative net margin of 3.13%. The business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the previous year, the business earned ($0.06) earnings per share. Huntsman’s quarterly revenue was down 4.1% on a year-over-year basis. Research analysts predict that Huntsman Co. will post 0.32 earnings per share for the current fiscal year.

Huntsman Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 8.34%. The ex-dividend date of this dividend is Friday, June 13th. Huntsman’s payout ratio is currently -109.89%.

Huntsman Profile

Huntsman Corporation manufactures and sells diversified organic chemical products worldwide. The company operates in three segments: Polyurethanes, Performance Products, and Advanced Materials. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyether and polyester polyols, and thermoplastic polyurethane; and aniline, benzene, nitrobenzene and other co-products.