Thomist Capital Management LP Has $3.04 Million Position in Huntsman Co. (NYSE:HUN)

Thomist Capital Management LP cut its stake in shares of Huntsman Co. (NYSE:HUN) by 29.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 172,900 shares of the basic materials company’s stock after selling 72,000 shares during the period. Huntsman accounts for about 0.7% of Thomist Capital Management LP’s investment portfolio, making the stock its 26th biggest holding. Thomist Capital Management LP owned 0.10% of Huntsman worth $3,038,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. R Squared Ltd acquired a new position in Huntsman during the fourth quarter valued at approximately $40,000. Quadrant Capital Group LLC boosted its position in Huntsman by 74.9% during the fourth quarter. Quadrant Capital Group LLC now owns 2,232 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 956 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in Huntsman during the fourth quarter valued at approximately $60,000. Quarry LP acquired a new position in Huntsman during the fourth quarter valued at approximately $65,000. Finally, Signaturefd LLC boosted its position in Huntsman by 174.5% during the fourth quarter. Signaturefd LLC now owns 4,386 shares of the basic materials company’s stock valued at $79,000 after purchasing an additional 2,788 shares during the last quarter. 84.81% of the stock is owned by institutional investors and hedge funds.

Huntsman Price Performance

Shares of NYSE HUN opened at $12.67 on Friday. The firm has a market cap of $2.20 billion, a P/E ratio of -11.52 and a beta of 0.82. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.48. Huntsman Co. has a 1-year low of $11.15 and a 1-year high of $25.78. The business’s 50 day moving average is $14.03 and its 200-day moving average is $16.78.

Huntsman (NYSE:HUN) last announced its earnings results on Thursday, May 1st. The basic materials company reported ($0.11) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.11). Huntsman had a negative return on equity of 0.39% and a negative net margin of 3.13%. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter last year, the company earned ($0.06) earnings per share. The firm’s quarterly revenue was down 4.1% compared to the same quarter last year. Equities research analysts predict that Huntsman Co. will post 0.32 earnings per share for the current year.

Huntsman Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, June 13th. This represents a $1.00 dividend on an annualized basis and a yield of 7.89%. Huntsman’s dividend payout ratio (DPR) is presently -109.89%.

Analyst Upgrades and Downgrades

HUN has been the subject of several recent research reports. JPMorgan Chase & Co. reduced their price target on Huntsman from $22.00 to $20.00 and set an “overweight” rating for the company in a research report on Monday, May 5th. StockNews.com raised Huntsman from a “sell” rating to a “hold” rating in a research report on Tuesday, May 13th. The Goldman Sachs Group cut their price objective on Huntsman from $19.00 to $13.50 and set a “sell” rating for the company in a research report on Tuesday, May 6th. UBS Group cut their price objective on Huntsman from $18.00 to $13.00 and set a “neutral” rating for the company in a research report on Monday, April 7th. Finally, Bank of America cut Huntsman from a “buy” rating to a “neutral” rating and cut their price objective for the company from $22.00 to $15.00 in a research report on Tuesday, April 15th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Huntsman presently has an average rating of “Hold” and a consensus target price of $15.00.

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.