Y Intercept Hong Kong Ltd Sells 120,726 Shares of Huntsman Corporation $HUN

Y Intercept Hong Kong Ltd reduced its stake in Huntsman Corporation (NYSE:HUN) by 27.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 325,324 shares of the basic materials company’s stock after selling 120,726 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Huntsman were worth $2,921,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. NewEdge Advisors LLC boosted its position in shares of Huntsman by 20.8% during the first quarter. NewEdge Advisors LLC now owns 56,481 shares of the basic materials company’s stock worth $892,000 after purchasing an additional 9,720 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Huntsman by 97.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,137,285 shares of the basic materials company’s stock worth $33,748,000 after buying an additional 1,052,127 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Huntsman by 0.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 599,296 shares of the basic materials company’s stock worth $9,463,000 after acquiring an additional 1,581 shares in the last quarter. Focus Partners Wealth acquired a new position in Huntsman in the first quarter valued at about $680,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Huntsman by 12.1% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 148,615 shares of the basic materials company’s stock worth $1,549,000 after acquiring an additional 16,099 shares in the last quarter. Institutional investors own 84.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Huntsman in a research report on Thursday. UBS Group upped their price target on shares of Huntsman from $9.00 to $12.00 and gave the company a “neutral” rating in a report on Monday, January 12th. JPMorgan Chase & Co. lowered their price objective on shares of Huntsman from $20.00 to $11.00 and set an “overweight” rating for the company in a research report on Monday, November 10th. Alembic Global Advisors set a $11.00 price objective on shares of Huntsman in a research report on Monday, October 27th. Finally, Zacks Research upgraded Huntsman from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. Two analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $11.00.

Huntsman Stock Down 2.1%

Shares of HUN stock opened at $11.60 on Tuesday. The firm’s fifty day moving average price is $10.43 and its two-hundred day moving average price is $9.97. The company has a current ratio of 1.36, a quick ratio of 0.84 and a debt-to-equity ratio of 0.54. Huntsman Corporation has a 1 year low of $7.30 and a 1 year high of $18.53. The firm has a market capitalization of $2.02 billion, a P/E ratio of -6.11 and a beta of 0.68.

Huntsman (NYSE:HUN) last announced its quarterly earnings data on Thursday, November 6th. The basic materials company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.10. Huntsman had a negative return on equity of 3.26% and a negative net margin of 5.69%.The company had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter last year, the company earned $0.10 EPS. Huntsman’s revenue for the quarter was down 5.2% compared to the same quarter last year. On average, equities analysts predict that Huntsman Corporation will post 0.32 EPS for the current fiscal year.

Huntsman Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were given a dividend of $0.0875 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $0.35 annualized dividend and a dividend yield of 3.0%. Huntsman’s payout ratio is -18.42%.

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.