Y Intercept Hong Kong Ltd Invests $897,000 in Huntsman Co. (NYSE:HUN)

Y Intercept Hong Kong Ltd purchased a new position in Huntsman Co. (NYSE:HUN) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 49,748 shares of the basic materials company’s stock, valued at approximately $897,000.

Several other hedge funds have also recently modified their holdings of HUN. R Squared Ltd purchased a new stake in shares of Huntsman in the 4th quarter worth approximately $40,000. True Wealth Design LLC purchased a new stake in shares of Huntsman in the 3rd quarter worth approximately $62,000. Capital Performance Advisors LLP purchased a new stake in shares of Huntsman in the 3rd quarter worth approximately $78,000. KBC Group NV lifted 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 purchasing an additional 4,506 shares during the period. Finally, Matrix Trust Co raised its stake in shares of Huntsman by 853.7% during the 4th quarter. Matrix Trust Co now owns 9,661 shares of the basic materials company’s stock worth $174,000 after acquiring an additional 8,648 shares in the last quarter. Hedge funds and other institutional investors own 84.81% of the company’s stock.

Analyst Ratings Changes

HUN has been the subject of several recent analyst reports. Citigroup reduced their price objective on shares of Huntsman from $22.00 to $19.00 and set a “neutral” rating for the company in a research note on Wednesday, December 18th. Morgan Stanley reduced 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 note on Monday, January 13th. Mizuho reduced their price objective on shares of Huntsman from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Royal Bank of Canada boosted their price objective on shares of Huntsman from $17.00 to $18.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 20th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Huntsman from $25.00 to $22.00 and set an “overweight” rating for the company in a research note on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $21.63.

Huntsman Stock Performance

Shares of NYSE HUN opened at $16.93 on Friday. The company’s fifty day moving average price is $17.33 and its 200 day moving average price is $20.03. Huntsman Co. has a 1 year low of $15.67 and a 1 year high of $27.01. The company has a market capitalization of $2.93 billion, a PE ratio of -15.39 and a beta of 0.95. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.83 and a current ratio of 1.36.

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

Huntsman Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 5.91%. The ex-dividend date of this dividend is Friday, March 14th. Huntsman’s payout ratio is -90.91%.

Huntsman 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.