Kera Capital Partners Inc. Invests $239,000 in Huntsman Co. (NYSE:HUN)

Kera Capital Partners Inc. acquired a new position in shares of Huntsman Co. (NYSE:HUN) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 15,123 shares of the basic materials company’s stock, valued at approximately $239,000.

Several other hedge funds have also modified their holdings of HUN. R Squared Ltd purchased a new stake in Huntsman during the 4th quarter valued at $40,000. Quadrant Capital Group LLC raised its holdings in Huntsman by 74.9% during the 4th quarter. Quadrant Capital Group LLC now owns 2,232 shares of the basic materials company’s stock valued at $40,000 after buying an additional 956 shares during the period. Aster Capital Management DIFC Ltd purchased a new stake in Huntsman during the 4th quarter valued at $60,000. Quarry LP purchased a new stake in Huntsman during the 4th quarter valued at $65,000. Finally, Signaturefd LLC raised its holdings in Huntsman by 174.5% during the 4th quarter. Signaturefd LLC now owns 4,386 shares of the basic materials company’s stock valued at $79,000 after buying an additional 2,788 shares during the period. 84.81% of the stock is owned by hedge funds and other institutional investors.

Huntsman Price Performance

HUN opened at $11.38 on Friday. Huntsman Co. has a 12-month low of $11.05 and a 12-month high of $25.12. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.48. The business’s fifty day simple moving average is $13.10 and its 200-day simple moving average is $16.23. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of -10.35 and a beta of 0.82.

Huntsman (NYSE:HUN) last posted its quarterly earnings results on Thursday, May 1st. The basic materials company reported ($0.11) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.11). Huntsman had a negative return on equity of 0.39% and a negative net margin of 3.13%. The business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the prior year, the company earned ($0.06) EPS. The business’s revenue was down 4.1% compared to the same quarter last year. On average, equities research analysts anticipate that Huntsman Co. will post 0.32 earnings per share for the current fiscal year.

Huntsman Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.79%. The ex-dividend date of this dividend is Friday, June 13th. Huntsman’s payout ratio is -109.89%.

Analyst Ratings Changes

Several research firms recently weighed in on HUN. The Goldman Sachs Group decreased their price target on Huntsman from $19.00 to $13.50 and set a “sell” rating on the stock in a report on Tuesday, May 6th. Bank of America lowered Huntsman from a “buy” rating to a “neutral” rating and decreased their price target for the company from $22.00 to $15.00 in a report on Tuesday, April 15th. Citigroup reduced their target price on Huntsman from $19.00 to $14.00 and set a “neutral” rating on the stock in a research note on Friday, April 4th. Morgan Stanley reduced their target price on Huntsman from $20.00 to $13.50 and set an “equal weight” rating on the stock in a research note on Monday, May 5th. Finally, Royal Bank of Canada reduced their target price on Huntsman from $15.00 to $12.00 and set a “sector perform” rating on the stock in a research note on Monday, May 5th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Huntsman has an average rating of “Hold” and an average target price of $15.00.

About Huntsman

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.