Regents Gate Capital LLP Buys 250,389 Shares of Huntsman Corporation $HUN

Regents Gate Capital LLP increased its stake in shares of Huntsman Corporation (NYSE:HUN) by 117.7% in the 3rd quarter, Holdings Channel reports. The firm owned 463,137 shares of the basic materials company’s stock after buying an additional 250,389 shares during the period. Huntsman accounts for approximately 1.5% of Regents Gate Capital LLP’s holdings, making the stock its 26th biggest position. Regents Gate Capital LLP’s holdings in Huntsman were worth $4,159,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Qube Research & Technologies Ltd purchased a new stake in Huntsman during the 2nd quarter valued at $21,953,000. Norges Bank purchased a new position in shares of Huntsman in the 2nd quarter worth $21,651,000. SG Americas Securities LLC grew its holdings in shares of Huntsman by 1,673.4% in the second quarter. SG Americas Securities LLC now owns 1,921,233 shares of the basic materials company’s stock worth $20,019,000 after acquiring an additional 1,812,896 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Huntsman by 97.0% in the first quarter. Goldman Sachs Group Inc. now owns 2,137,285 shares of the basic materials company’s stock valued at $33,748,000 after acquiring an additional 1,052,127 shares during the period. Finally, Boston Partners boosted its position in Huntsman by 657.9% in the second quarter. Boston Partners now owns 982,508 shares of the basic materials company’s stock worth $10,102,000 after purchasing an additional 852,877 shares during the last quarter. Hedge funds and other institutional investors own 84.81% of the company’s stock.

Huntsman Price Performance

Shares of NYSE:HUN opened at $12.64 on Monday. The company has a market capitalization of $2.20 billion, a P/E ratio of -7.71 and a beta of 0.66. Huntsman Corporation has a 1-year low of $7.30 and a 1-year high of $18.08. The firm’s 50 day simple moving average is $11.78 and its two-hundred day simple moving average is $10.34. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.30 and a quick ratio of 0.78.

Huntsman (NYSE:HUN) last announced its quarterly earnings data on Tuesday, February 17th. The basic materials company reported ($0.37) EPS for the quarter, missing the consensus estimate of ($0.29) by ($0.08). The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.34 billion. Huntsman had a negative net margin of 5.00% and a negative return on equity of 3.97%. The firm’s revenue for the quarter was down 6.7% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.25) earnings per share. Research analysts expect that Huntsman Corporation will post 0.32 EPS for the current fiscal year.

Huntsman Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be paid a $0.0875 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.35 dividend on an annualized basis and a dividend yield of 2.8%. Huntsman’s dividend payout ratio is -21.34%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on HUN. The Goldman Sachs Group reaffirmed a “sell” rating and set a $13.00 price target on shares of Huntsman in a research report on Friday, February 20th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Huntsman in a report on Thursday, January 22nd. Zacks Research upgraded shares of Huntsman from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. Citigroup boosted their price objective on shares of Huntsman from $12.00 to $14.00 and gave the company a “neutral” rating in a research report on Thursday, February 19th. Finally, JPMorgan Chase & Co. cut Huntsman from an “overweight” rating to a “neutral” rating and raised their target price for the stock from $11.00 to $14.00 in a report on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eight have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $12.41.

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.