Two Sigma Advisers LP Lowers Holdings in Huntsman Co. (NYSE:HUN)

Two Sigma Advisers LP trimmed its holdings in Huntsman Co. (NYSE:HUN) by 44.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 567,900 shares of the basic materials company’s stock after selling 452,100 shares during the quarter. Two Sigma Advisers LP’s holdings in Huntsman were worth $13,743,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. 1832 Asset Management L.P. boosted its position in shares of Huntsman by 54.0% during the second quarter. 1832 Asset Management L.P. now owns 4,415,264 shares of the basic materials company’s stock worth $100,536,000 after acquiring an additional 1,547,344 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Huntsman by 383.0% during the 2nd quarter. AQR Capital Management LLC now owns 1,417,641 shares of the basic materials company’s stock valued at $32,138,000 after purchasing an additional 1,124,113 shares during the last quarter. Pzena Investment Management LLC purchased a new position in shares of Huntsman during the third quarter valued at about $27,045,000. Victory Capital Management Inc. increased its holdings in shares of Huntsman by 52.4% in the second quarter. Victory Capital Management Inc. now owns 2,358,390 shares of the basic materials company’s stock worth $53,701,000 after purchasing an additional 811,099 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC lifted its position in shares of Huntsman by 295.1% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 722,990 shares of the basic materials company’s stock worth $17,496,000 after buying an additional 539,990 shares in the last quarter. 84.81% of the stock is owned by hedge funds and other institutional investors.

Huntsman Trading Down 1.0 %

HUN stock opened at $19.88 on Monday. The firm’s fifty day simple moving average is $21.60 and its two-hundred day simple moving average is $22.28. The stock has a market capitalization of $3.44 billion, a price-to-earnings ratio of -28.81 and a beta of 0.97. The company has a quick ratio of 0.83, a current ratio of 1.47 and a debt-to-equity ratio of 0.45. Huntsman Co. has a twelve month low of $19.11 and a twelve month high of $27.01.

Huntsman (NYSE:HUN) last announced its quarterly earnings data on Monday, November 4th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.10. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.55 billion. Huntsman had a negative net margin of 1.99% and a negative return on equity of 0.03%. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.15 earnings per share. As a group, analysts anticipate that Huntsman Co. will post 0.09 earnings per share for the current year.

Huntsman Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 5.03%. The ex-dividend date is Friday, December 13th. Huntsman’s dividend payout ratio (DPR) is presently -144.93%.

Analyst Ratings Changes

A number of analysts have issued reports on HUN shares. Royal Bank of Canada lifted their price objective on Huntsman from $21.00 to $24.00 and gave the stock a “sector perform” rating in a research note on Friday, October 11th. UBS Group reduced their price target on shares of Huntsman from $24.00 to $23.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. Finally, 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Huntsman has a consensus rating of “Hold” and a consensus target price of $25.75.

Insiders Place Their Bets

In other news, Director Mary C. Beckerle sold 20,201 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $21.42, for a total value of $432,705.42. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 5.60% of the company’s stock.

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.