Jade Capital Advisors LLC Increases Stake in Huntsman Co. (NYSE:HUN)

Jade Capital Advisors LLC raised its position in Huntsman Co. (NYSE:HUN) by 2.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 60,000 shares of the basic materials company’s stock after acquiring an additional 1,430 shares during the period. Jade Capital Advisors LLC’s holdings in Huntsman were worth $1,452,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in HUN. Russell Investments Group Ltd. lifted its position in Huntsman by 24.4% in the first quarter. Russell Investments Group Ltd. now owns 665,652 shares of the basic materials company’s stock valued at $17,327,000 after purchasing an additional 130,614 shares during the period. Diversified Trust Co purchased a new stake in shares of Huntsman in the second quarter valued at approximately $2,180,000. Acadian Asset Management LLC grew its holdings in Huntsman by 1,052.7% during the first quarter. Acadian Asset Management LLC now owns 209,442 shares of the basic materials company’s stock worth $5,449,000 after acquiring an additional 191,272 shares during the period. 1832 Asset Management L.P. raised its position in Huntsman by 753.2% in the first quarter. 1832 Asset Management L.P. now owns 2,867,920 shares of the basic materials company’s stock worth $74,652,000 after acquiring an additional 2,531,800 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in Huntsman in the first quarter valued at $1,428,000. Hedge funds and other institutional investors own 84.81% of the company’s stock.

Huntsman Trading Down 2.8 %

Shares of Huntsman stock opened at $23.05 on Tuesday. Huntsman Co. has a 1 year low of $19.91 and a 1 year high of $27.01. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.30 and a quick ratio of 0.77. The business has a 50 day moving average price of $22.49 and a 200 day moving average price of $23.23. The company has a market capitalization of $3.99 billion, a P/E ratio of -44.33 and a beta of 1.00.

Huntsman (NYSE:HUN) last released its quarterly earnings results on Monday, August 5th. The basic materials company reported $0.14 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.14. The company had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.61 billion. Huntsman had a positive return on equity of 0.26% and a negative net margin of 1.44%. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.22 earnings per share. Sell-side analysts anticipate that Huntsman Co. will post 0.19 EPS for the current fiscal year.

Huntsman Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.00 annualized dividend and a dividend yield of 4.34%. Huntsman’s dividend payout ratio is currently -192.31%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on HUN. JPMorgan Chase & Co. cut their price target on shares of Huntsman from $27.00 to $25.00 and set an “overweight” rating for the company in a report on Wednesday, August 7th. UBS Group dropped their target price on shares of Huntsman from $23.00 to $22.00 and set a “neutral” rating for the company in a report on Tuesday, August 6th. Citigroup decreased their price target on Huntsman from $26.00 to $24.00 and set a “neutral” rating on the stock in a research note on Thursday, June 27th. Wells Fargo & Company lowered their price target on Huntsman from $28.00 to $26.00 and set an “overweight” rating on the stock in a report on Wednesday, August 7th. Finally, Royal Bank of Canada boosted their target price on Huntsman from $21.00 to $24.00 and gave the stock a “sector perform” rating in a research report on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $25.75.

Huntsman Company 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.