446,050 Shares in Huntsman Corporation $HUN Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new position in shares of Huntsman Corporation (NYSE:HUN) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 446,050 shares of the basic materials company’s stock, valued at approximately $4,648,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hexagon Capital Partners LLC increased its position in Huntsman by 177.9% during the 1st quarter. Hexagon Capital Partners LLC now owns 2,179 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 1,395 shares in the last quarter. IFP Advisors Inc increased its position in Huntsman by 197.6% during the 2nd quarter. IFP Advisors Inc now owns 3,661 shares of the basic materials company’s stock worth $38,000 after purchasing an additional 2,431 shares in the last quarter. Byrne Asset Management LLC acquired a new stake in Huntsman during the 2nd quarter worth approximately $44,000. Caitong International Asset Management Co. Ltd increased its position in Huntsman by 1,717.9% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 3,254 shares of the basic materials company’s stock worth $51,000 after purchasing an additional 3,075 shares in the last quarter. Finally, Zions Bancorporation National Association UT acquired a new stake in Huntsman during the 1st quarter worth approximately $53,000. Institutional investors and hedge funds own 84.81% of the company’s stock.

Wall Street Analyst Weigh In

HUN has been the subject of a number of research analyst reports. UBS Group dropped their target price on shares of Huntsman from $10.00 to $9.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. Jefferies Financial Group lowered their price objective on shares of Huntsman from $15.00 to $14.00 and set a “buy” rating for the company in a research report on Wednesday, September 10th. Citigroup lowered their price objective on shares of Huntsman from $9.00 to $8.50 and set a “neutral” rating for the company in a research report on Thursday, October 2nd. Bank of America reaffirmed an “underperform” rating and issued a $8.00 price objective (down previously from $9.00) on shares of Huntsman in a research report on Tuesday, October 14th. Finally, The Goldman Sachs Group lowered their price objective on shares of Huntsman from $10.00 to $9.00 and set a “sell” rating for the company in a research report on Friday, October 17th. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, Huntsman presently has an average rating of “Reduce” and a consensus target price of $10.91.

Huntsman Stock Performance

Huntsman stock opened at $9.04 on Wednesday. The stock has a market cap of $1.57 billion, a P/E ratio of -4.64 and a beta of 0.64. The company has a current ratio of 1.43, a quick ratio of 0.85 and a debt-to-equity ratio of 0.54. The stock has a 50 day moving average of $9.74 and a 200-day moving average of $10.82. Huntsman Corporation has a 52 week low of $7.74 and a 52 week high of $22.69.

Huntsman (NYSE:HUN) last released its earnings results on Thursday, July 31st. The basic materials company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.05). The business had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Huntsman had a negative net margin of 5.75% and a negative return on equity of 2.48%. The business’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.14 earnings per share. On average, analysts expect that Huntsman Corporation will post 0.32 EPS for the current fiscal year.

Huntsman Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 11.1%. The ex-dividend date was Monday, September 15th. Huntsman’s dividend payout ratio is -51.28%.

About Huntsman

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.