Huntsman Corporation $HUN Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its stake in shares of Huntsman Corporation (NYSE:HUN) by 16.9% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 6,950,777 shares of the basic materials company’s stock after acquiring an additional 1,003,187 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Huntsman were worth $92,509,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in HUN. UBS Group AG boosted its stake in shares of Huntsman by 83.5% during 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 acquiring an additional 3,351,265 shares during the last quarter. AQR Capital Management LLC increased its position in Huntsman by 29.8% during the 3rd quarter. AQR Capital Management LLC now owns 12,062,972 shares of the basic materials company’s stock worth $106,878,000 after purchasing an additional 2,772,563 shares in the last quarter. Two Sigma Investments LP raised its stake in Huntsman by 476.5% in the 3rd quarter. Two Sigma Investments LP now owns 2,841,510 shares of the basic materials company’s stock valued at $25,517,000 after purchasing an additional 2,348,598 shares during the last quarter. Qube Research & Technologies Ltd purchased a new position in Huntsman in the 2nd quarter valued at about $21,953,000. Finally, Gotham Asset Management LLC lifted its holdings in Huntsman by 4,003.2% in the 4th quarter. Gotham Asset Management LLC now owns 1,806,207 shares of the basic materials company’s stock valued at $18,062,000 after purchasing an additional 1,762,187 shares in the last quarter. 84.81% of the stock is owned by institutional investors and hedge funds.

Huntsman Price Performance

Huntsman stock opened at $11.95 on Thursday. Huntsman Corporation has a 1 year low of $7.30 and a 1 year high of $16.08. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.75 and a current ratio of 1.27. The firm has a 50 day moving average price of $12.80 and a 200 day moving average price of $12.82. The company has a market cap of $2.09 billion, a price-to-earnings ratio of -6.22 and a beta of 0.69.

Huntsman (NYSE:HUN) last posted its quarterly earnings results on Thursday, April 30th. The basic materials company reported ($0.20) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.03. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.39 billion. Huntsman had a negative net margin of 5.83% and a negative return on equity of 4.60%. Huntsman’s revenue was up .7% on a year-over-year basis. During the same quarter last year, the firm posted ($0.11) earnings per share. Sell-side analysts predict that Huntsman Corporation will post -0.22 earnings per share for the current year.

Wall Street Analyst Weigh In

HUN has been the subject of a number of recent research reports. Mizuho lowered their price target on shares of Huntsman from $14.00 to $13.00 and set a “neutral” rating for the company in a report on Wednesday, July 1st. Wells Fargo & Company upped their price objective on shares of Huntsman from $12.00 to $14.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 5th. Bank of America lifted their target price on shares of Huntsman from $10.00 to $11.00 and gave the stock an “underperform” rating in a research note on Tuesday, June 30th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $15.00 price target on shares of Huntsman in a report on Tuesday, May 19th. Finally, Morgan Stanley increased their price target on Huntsman from $11.00 to $15.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Huntsman currently has an average rating of “Hold” and an average price target of $13.67.

Huntsman 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.