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

PEAK6 LLC purchased a new position in Huntsman Corporation (NYSE:HUN) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 69,561 shares of the basic materials company’s stock, valued at approximately $739,000.

Other hedge funds have also bought and sold shares of the company. Versant Capital Management Inc grew its holdings in Huntsman by 166.7% in the second quarter. Versant Capital Management Inc now owns 2,672 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 1,670 shares during the period. Global Retirement Partners LLC bought a new stake in shares of Huntsman in the 2nd quarter worth approximately $45,000. Allworth Financial LP purchased a new stake in shares of Huntsman in the 2nd quarter worth approximately $52,000. Advisory Services Network LLC purchased a new stake in shares of Huntsman in the 3rd quarter worth approximately $58,000. Finally, Caitong International Asset Management Co. Ltd increased its position in Huntsman by 121.7% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 6,751 shares of the basic materials company’s stock valued at $61,000 after buying an additional 3,706 shares in the last quarter. Institutional investors own 84.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Morgan Stanley lifted their price objective on Huntsman from $11.00 to $15.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 5th. Jefferies Financial Group set a $16.00 price objective on shares of Huntsman in a research report on Friday, July 31st. Mizuho dropped their target price on Huntsman from $14.00 to $13.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 1st. Wall Street Zen upgraded shares of Huntsman from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Weiss Ratings cut Huntsman from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday, August 3rd. One 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 assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $12.50.

Huntsman Stock Up 0.2%

HUN opened at $9.99 on Monday. The company has a market capitalization of $1.75 billion, a PE ratio of -9.61 and a beta of 0.70. The firm has a 50-day simple moving average of $11.28 and a two-hundred day simple moving average of $12.66. The company has a quick ratio of 0.78, a current ratio of 1.33 and a debt-to-equity ratio of 0.59. Huntsman Corporation has a 52 week low of $7.30 and a 52 week high of $16.08.

Huntsman Dividend Announcement

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

Insider Activity at Huntsman

In other Huntsman news, CEO Peter R. Huntsman acquired 100,000 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was acquired at an average cost of $9.81 per share, with a total value of $981,000.00. Following the purchase, 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 document filed with the SEC, which is available through this hyperlink. 6.80% of the stock is owned by insiders.

About Huntsman

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.