23,583 Shares in Huntsman Co. (NYSE:HUN) Purchased by AXQ Capital LP

AXQ Capital LP bought a new stake in Huntsman Co. (NYSE:HUN) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 23,583 shares of the basic materials company’s stock, valued at approximately $425,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of HUN. R Squared Ltd purchased a new position in Huntsman in the 4th quarter valued at approximately $40,000. True Wealth Design LLC purchased a new position in shares of Huntsman in the third quarter valued at $62,000. Signaturefd LLC raised its stake in shares of Huntsman by 174.5% during the 4th quarter. Signaturefd LLC now owns 4,386 shares of the basic materials company’s stock worth $79,000 after buying an additional 2,788 shares during the last quarter. KBC Group NV boosted its position in shares of Huntsman by 95.3% in the 4th quarter. KBC Group NV now owns 9,232 shares of the basic materials company’s stock worth $166,000 after buying an additional 4,506 shares in the last quarter. Finally, Matrix Trust Co grew its stake in Huntsman by 853.7% in the 4th quarter. Matrix Trust Co now owns 9,661 shares of the basic materials company’s stock valued at $174,000 after acquiring an additional 8,648 shares during the last quarter. 84.81% of the stock is currently owned by institutional investors and hedge funds.

Huntsman Trading Down 0.5 %

Shares of HUN opened at $16.27 on Friday. Huntsman Co. has a twelve month low of $15.46 and a twelve month high of $26.48. The firm has a market capitalization of $2.83 billion, a P/E ratio of -14.79 and a beta of 0.95. 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 stock’s fifty day simple moving average is $17.15 and its 200 day simple moving average is $19.52.

Huntsman (NYSE:HUN) last released its quarterly earnings data on Monday, February 17th. The basic materials company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.18). Huntsman had a negative return on equity of 0.39% and a negative net margin of 3.13%. The firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.45 billion. On average, equities research analysts forecast that Huntsman Co. will post 0.32 earnings per share for the current year.

Huntsman Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.00 annualized dividend and a yield of 6.15%. Huntsman’s dividend payout ratio is currently -90.91%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on HUN shares. Alembic Global Advisors cut shares of Huntsman from an “overweight” rating to a “neutral” rating in a research report on Wednesday, January 15th. Citigroup reduced their target price on Huntsman from $22.00 to $19.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 18th. Royal Bank of Canada raised their price target on Huntsman from $17.00 to $18.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 20th. Morgan Stanley cut their price objective on shares of Huntsman from $24.00 to $20.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Finally, Mizuho cut their price target on Huntsman from $23.00 to $21.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Huntsman presently has an average rating of “Hold” and a consensus price target of $20.50.

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.