Huntsman Corporation $HUN Shares Bought by Pzena Investment Management LLC

Pzena Investment Management LLC lifted its stake in Huntsman Corporation (NYSE:HUN) by 9.3% in the second quarter, HoldingsChannel reports. The fund owned 5,310,768 shares of the basic materials company’s stock after purchasing an additional 451,761 shares during the quarter. Pzena Investment Management LLC’s holdings in Huntsman were worth $55,338,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. AQR Capital Management LLC lifted its stake in shares of Huntsman by 345.7% in the 1st quarter. AQR Capital Management LLC now owns 9,926,971 shares of the basic materials company’s stock worth $151,982,000 after acquiring an additional 7,699,922 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Huntsman by 7.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 6,105,566 shares of the basic materials company’s stock valued at $96,407,000 after purchasing an additional 419,009 shares during the last quarter. Invesco Ltd. lifted its stake in Huntsman by 1.3% during the first quarter. Invesco Ltd. now owns 6,064,044 shares of the basic materials company’s stock valued at $95,751,000 after purchasing an additional 75,097 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Huntsman by 97.0% during 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 purchasing an additional 1,052,127 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in Huntsman by 12.1% during the first quarter. Russell Investments Group Ltd. now owns 1,424,562 shares of the basic materials company’s stock valued at $22,494,000 after purchasing an additional 154,219 shares during the last quarter. 84.81% of the stock is owned by institutional investors and hedge funds.

Huntsman Stock Down 6.6%

Shares of NYSE:HUN opened at $8.14 on Monday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.85 and a current ratio of 1.43. The company has a market cap of $1.41 billion, a PE ratio of -4.17 and a beta of 0.64. Huntsman Corporation has a 52 week low of $8.07 and a 52 week high of $24.13. The firm has a 50 day simple moving average of $10.02 and a 200 day simple moving average of $11.29.

Huntsman (NYSE:HUN) last released its earnings results on Thursday, July 31st. The basic materials company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.05). Huntsman had a negative return on equity of 2.48% and a negative net margin of 5.75%.The company had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter in the previous year, the company earned $0.14 EPS. The firm’s quarterly revenue was down 7.4% compared to the same quarter last year. As a group, research analysts expect that Huntsman Corporation will post 0.32 earnings per share for the current year.

Huntsman Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were given a $0.25 dividend. The ex-dividend date was Monday, September 15th. This represents a $1.00 dividend on an annualized basis and a yield of 12.3%. Huntsman’s dividend payout ratio is presently -51.28%.

Wall Street Analysts Forecast Growth

HUN has been the subject of several recent research reports. UBS Group cut their target price on shares of Huntsman from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. Citigroup cut their target price on shares of Huntsman from $9.00 to $8.50 and set a “neutral” rating for the company in a research note on Thursday, October 2nd. Weiss Ratings reissued a “sell (d)” rating on shares of Huntsman in a research note on Wednesday, October 8th. Wells Fargo & Company reduced their price target on shares of Huntsman from $13.00 to $9.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 5th. Finally, Mizuho reduced their price target on shares of Huntsman from $9.00 to $8.00 and set an “underperform” rating for the company in a research report on Friday, October 3rd. Two equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $11.70.

Huntsman Company Profile

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.