Campbell & CO Investment Adviser LLC Takes Position in Huntsman Corporation $HUN

Campbell & CO Investment Adviser LLC bought a new position in shares of Huntsman Corporation (NYSE:HUN) in the second quarter, according to the company in its most recent filing with the SEC. The firm bought 95,465 shares of the basic materials company’s stock, valued at approximately $995,000. Campbell & CO Investment Adviser LLC owned approximately 0.05% of Huntsman as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC grew its stake in Huntsman by 345.7% during the first quarter. AQR Capital Management LLC now owns 9,926,971 shares of the basic materials company’s stock worth $151,982,000 after buying an additional 7,699,922 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Huntsman by 97.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,137,285 shares of the basic materials company’s stock worth $33,748,000 after acquiring an additional 1,052,127 shares in the last quarter. Nuveen LLC acquired a new position in shares of Huntsman in the 1st quarter worth approximately $13,181,000. Cubist Systematic Strategies LLC grew its position in Huntsman by 1,642.1% during the 1st quarter. Cubist Systematic Strategies LLC now owns 749,158 shares of the basic materials company’s stock worth $11,829,000 after acquiring an additional 706,155 shares during the last quarter. Finally, Ieq Capital LLC increased its holdings in Huntsman by 732.1% during the 1st quarter. Ieq Capital LLC now owns 659,310 shares of the basic materials company’s stock valued at $10,410,000 after purchasing an additional 580,080 shares in the last quarter. 84.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on HUN shares. Mizuho reduced their price objective on Huntsman from $9.00 to $8.00 and set an “underperform” rating on the stock in a research note on Friday, October 3rd. JPMorgan Chase & Co. cut their price target on Huntsman from $20.00 to $11.00 and set an “overweight” rating for the company in a report on Monday. Wells Fargo & Company decreased their price objective on shares of Huntsman from $13.00 to $9.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 5th. Alembic Global Advisors set a $11.00 price objective on shares of Huntsman in a research report on Monday, October 27th. Finally, UBS Group reduced their target price on shares of Huntsman from $10.00 to $9.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $10.00.

Huntsman Stock Performance

Shares of Huntsman stock opened at $8.48 on Thursday. The firm has a fifty day moving average of $9.14 and a two-hundred day moving average of $10.44. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.85 and a current ratio of 1.43. The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of -4.35 and a beta of 0.68. Huntsman Corporation has a 52 week low of $7.30 and a 52 week high of $20.94.

Huntsman (NYSE:HUN) last announced its quarterly earnings data on Thursday, November 6th. The basic materials company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.10. Huntsman had a negative return on equity of 2.48% and a negative net margin of 5.75%.The business had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same period in the previous year, the firm earned $0.10 earnings per share. The firm’s quarterly revenue was down 5.2% compared to the same quarter last year. As a group, equities research analysts predict that Huntsman Corporation will post 0.32 EPS for the current year.

Huntsman Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be issued a dividend of $0.0875 per share. The ex-dividend date is Monday, December 15th. This represents a $0.35 dividend on an annualized basis and a yield of 4.1%. Huntsman’s payout ratio is currently -18.42%.

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.