Huntsman Corporation $HUN Stock Holdings Decreased by Cwm LLC

Cwm LLC reduced its position in Huntsman Corporation (NYSE:HUN) by 32.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 167,281 shares of the basic materials company’s stock after selling 82,169 shares during the period. Cwm LLC owned about 0.10% of Huntsman worth $1,743,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in HUN. AQR Capital Management LLC increased its position in shares of Huntsman by 345.7% in 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 acquiring an additional 7,699,922 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Huntsman by 97.0% in the first 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 stake in shares of Huntsman during the first quarter worth approximately $13,181,000. Cubist Systematic Strategies LLC boosted its holdings in shares of Huntsman by 1,642.1% during the first quarter. Cubist Systematic Strategies LLC now owns 749,158 shares of the basic materials company’s stock worth $11,829,000 after purchasing an additional 706,155 shares during the period. Finally, Ieq Capital LLC boosted its holdings in shares of Huntsman by 732.1% during the first quarter. Ieq Capital LLC now owns 659,310 shares of the basic materials company’s stock worth $10,410,000 after purchasing an additional 580,080 shares during the period. 84.81% of the stock is owned by hedge funds and other institutional investors.

Huntsman Price Performance

NYSE HUN opened at $8.21 on Monday. The company has a quick ratio of 0.85, a current ratio of 1.43 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $1.43 billion, a PE ratio of -4.21 and a beta of 0.64. The company has a 50 day moving average price of $9.91 and a two-hundred day moving average price of $11.05. Huntsman Corporation has a 12-month low of $7.74 and a 12-month high of $23.73.

Huntsman (NYSE:HUN) last posted its earnings results on Thursday, July 31st. The basic materials company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.05). Huntsman had a negative net margin of 5.75% and a negative return on equity of 2.48%. The business had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same quarter last year, the firm earned $0.14 earnings per share. Huntsman’s revenue was down 7.4% compared to the same quarter last year. As a group, equities analysts predict that Huntsman Corporation will post 0.32 earnings per share for the current fiscal year.

Huntsman Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 12.2%. The ex-dividend date was Monday, September 15th. Huntsman’s payout ratio is presently -51.28%.

Analysts Set New Price Targets

Several research firms recently commented on HUN. Citigroup decreased their price target on shares of Huntsman from $9.00 to $8.50 and set a “neutral” rating for the company in a report on Thursday, October 2nd. Bank of America restated an “underperform” rating and set a $8.00 price target (down from $9.00) on shares of Huntsman in a report on Tuesday, October 14th. Weiss Ratings restated a “sell (d)” rating on shares of Huntsman in a report on Wednesday, October 8th. The Goldman Sachs Group decreased their price target on shares of Huntsman from $10.00 to $9.00 and set a “sell” rating for the company in a report on Friday. Finally, Wells Fargo & Company decreased their price target on shares of Huntsman from $13.00 to $9.00 and set an “equal weight” rating for the company in a report on Tuesday, August 5th. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $10.90.

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.