Pzena Investment Management LLC Purchases 111,181 Shares of Huntsman Corporation $HUN

Pzena Investment Management LLC boosted its position in Huntsman Corporation (NYSE:HUN) by 1.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,816,359 shares of the basic materials company’s stock after purchasing an additional 111,181 shares during the quarter. Pzena Investment Management LLC owned approximately 3.34% of Huntsman worth $77,416,000 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. Aquatic Capital Management LLC lifted its position in Huntsman by 223.5% during the 3rd quarter. Aquatic Capital Management LLC now owns 517,684 shares of the basic materials company’s stock valued at $4,649,000 after acquiring an additional 357,662 shares during the period. Impala Asset Management LLC grew its holdings in Huntsman by 49.8% in the third quarter. Impala Asset Management LLC now owns 1,731,000 shares of the basic materials company’s stock worth $15,544,000 after purchasing an additional 575,800 shares during the period. Union Bancaire Privee UBP SA purchased a new stake in Huntsman in the first quarter worth about $2,632,000. Gamco Investors INC. ET AL increased its stake in shares of Huntsman by 81.7% during the third quarter. Gamco Investors INC. ET AL now owns 293,500 shares of the basic materials company’s stock valued at $2,636,000 after purchasing an additional 132,000 shares in the last quarter. Finally, Cambria Investment Management L.P. lifted its holdings in shares of Huntsman by 71.6% during the third quarter. Cambria Investment Management L.P. now owns 706,492 shares of the basic materials company’s stock valued at $6,344,000 after purchasing an additional 294,793 shares during the last quarter. Hedge funds and other institutional investors own 84.81% of the company’s stock.

Huntsman Stock Down 0.9%

HUN stock opened at $10.52 on Thursday. The stock has a market capitalization of $1.84 billion, a P/E ratio of -5.48 and a beta of 0.70. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.27 and a quick ratio of 0.75. Huntsman Corporation has a 1-year low of $7.30 and a 1-year high of $16.08. The business has a fifty day moving average price of $13.77 and a 200-day moving average price of $12.62.

Huntsman (NYSE:HUN) last released its quarterly earnings data on Thursday, April 30th. The basic materials company reported ($0.20) EPS for the quarter, topping the consensus estimate of ($0.23) by $0.03. The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.39 billion. Huntsman had a negative return on equity of 4.60% and a negative net margin of 5.83%.Huntsman’s revenue for the quarter was up .7% on a year-over-year basis. During the same period last year, the company earned ($0.11) EPS. Equities analysts forecast that Huntsman Corporation will post -0.25 earnings per share for the current fiscal year.

Huntsman Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were issued a dividend of $0.0875 per share. This represents a $0.35 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend was Monday, June 15th. Huntsman’s payout ratio is presently -18.23%.

Analyst Upgrades and Downgrades

HUN has been the topic of a number of analyst reports. Morgan Stanley boosted their price target on Huntsman from $11.00 to $15.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 5th. Citigroup increased their target price on Huntsman from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Wall Street Zen raised Huntsman from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Bank of America upped their price target on shares of Huntsman from $10.00 to $11.00 and gave the stock an “underperform” rating in a research note on Tuesday. Finally, Mizuho reduced their price objective on shares of Huntsman from $14.00 to $13.00 and set a “neutral” rating for the company in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $13.75.

Huntsman Company 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.