PEAK6 LLC Invests $739,000 in Huntsman Corporation $HUN

PEAK6 LLC purchased a new stake in shares of Huntsman Corporation (NYSE:HUN) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 69,561 shares of the basic materials company’s stock, valued at approximately $739,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Union Bancaire Privee UBP SA purchased a new stake in shares of Huntsman during the first quarter valued at approximately $2,632,000. Empowered Funds LLC increased its stake in shares of Huntsman by 794.1% in the first quarter. Empowered Funds LLC now owns 128,864 shares of the basic materials company’s stock worth $1,715,000 after buying an additional 114,451 shares during the period. Old West Investment Management LLC bought a new stake in Huntsman during the 2nd quarter valued at $1,401,000. Pzena Investment Management LLC bought a new stake in Huntsman during the 2nd quarter valued at $54,817,000. Finally, BNP Paribas Financial Markets boosted its position in Huntsman by 236.2% during the 4th quarter. BNP Paribas Financial Markets now owns 1,182,590 shares of the basic materials company’s stock valued at $11,826,000 after buying an additional 830,828 shares during the period. 84.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Mizuho cut their price target on shares of Huntsman from $14.00 to $13.00 and set a “neutral” rating on the stock in a report on Wednesday, July 1st. UBS Group dropped their target price on shares of Huntsman from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Monday, August 3rd. Wells Fargo & Company cut their target price on Huntsman from $14.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 4th. Jefferies Financial Group set a $16.00 price target on Huntsman in a research report on Friday, July 31st. Finally, Wall Street Zen upgraded Huntsman from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Huntsman has a consensus rating of “Hold” and a consensus target price of $12.50.

Huntsman Stock Up 0.2%

Shares of Huntsman stock opened at $9.99 on Monday. The company has a current ratio of 1.33, a quick ratio of 0.78 and a debt-to-equity ratio of 0.59. Huntsman Corporation has a 12-month low of $7.30 and a 12-month high of $16.08. The company has a market cap of $1.75 billion, a P/E ratio of -9.61 and a beta of 0.70. The company’s fifty day simple moving average is $11.28 and its two-hundred day simple moving average is $12.66.

Huntsman Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a $0.0875 dividend. This represents a $0.35 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Tuesday, September 15th. Huntsman’s dividend payout ratio is presently -33.65%.

Insider Buying and Selling

In related news, CEO Peter R. Huntsman acquired 100,000 shares of the stock in a transaction on Monday, August 3rd. The stock was acquired at an average cost of $9.81 per share, for a total transaction of $981,000.00. Following the completion of the acquisition, the chief executive officer directly owned 7,256,341 shares of the company’s stock, valued at approximately $71,184,705.21. This represents a 1.40% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.80% of the stock is owned by company insiders.

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.