Quantbot Technologies LP Has $2.92 Million Stake in Huntsman Co. (NYSE:HUN)

Quantbot Technologies LP reduced its stake in shares of Huntsman Co. (NYSE:HUN) by 41.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 120,648 shares of the basic materials company’s stock after selling 87,106 shares during the quarter. Quantbot Technologies LP’s holdings in Huntsman were worth $2,920,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Matrix Trust Co acquired a new position in Huntsman during the third quarter valued at approximately $25,000. nVerses Capital LLC boosted its position in shares of Huntsman by 1,250.0% during the second quarter. nVerses Capital LLC now owns 2,700 shares of the basic materials company’s stock worth $61,000 after purchasing an additional 2,500 shares in the last quarter. Innealta Capital LLC acquired a new stake in Huntsman during the 2nd quarter worth $65,000. Capital Performance Advisors LLP bought a new position in Huntsman during the third quarter worth about $78,000. Finally, Quarry LP grew its stake in Huntsman by 64.8% in the second quarter. Quarry LP now owns 3,664 shares of the basic materials company’s stock valued at $83,000 after acquiring an additional 1,441 shares during the period. 84.81% of the stock is owned by institutional investors.

Huntsman Stock Performance

Shares of HUN opened at $19.58 on Thursday. The company has a current ratio of 1.47, a quick ratio of 0.83 and a debt-to-equity ratio of 0.45. Huntsman Co. has a 12 month low of $19.11 and a 12 month high of $27.01. The firm has a fifty day simple moving average of $22.16 and a 200 day simple moving average of $22.58. The stock has a market capitalization of $3.39 billion, a price-to-earnings ratio of -28.38 and a beta of 1.02.

Huntsman (NYSE:HUN) last posted its quarterly earnings data on Monday, November 4th. The basic materials company reported $0.10 EPS for the quarter, hitting analysts’ consensus estimates of $0.10. Huntsman had a negative net margin of 1.99% and a negative return on equity of 0.03%. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same period in the prior year, the business posted $0.15 EPS. The company’s quarterly revenue was up 2.3% on a year-over-year basis. Research analysts forecast that Huntsman Co. will post 0.09 EPS for the current fiscal year.

Huntsman Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.11%. The ex-dividend date of this dividend is Friday, December 13th. Huntsman’s dividend payout ratio is currently -144.93%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on HUN. Royal Bank of Canada raised their price target on Huntsman from $21.00 to $24.00 and gave the stock a “sector perform” rating in a research report on Friday, October 11th. JPMorgan Chase & Co. cut their price target on shares of Huntsman from $27.00 to $25.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 7th. Wells Fargo & Company lowered their price objective on shares of Huntsman from $26.00 to $25.00 and set an “overweight” rating for the company in a research report on Wednesday, November 6th. Finally, UBS Group dropped their price objective on shares of Huntsman from $24.00 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $25.75.

Insider Activity

In other Huntsman news, Director Mary C. Beckerle sold 20,201 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $21.42, for a total value of $432,705.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 6.10% of the stock is currently owned by insiders.

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.