Mirae Asset Global Investments Co. Ltd. Purchases 16,099 Shares of Huntsman Corporation $HUN

Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Huntsman Corporation (NYSE:HUN) by 12.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 148,615 shares of the basic materials company’s stock after purchasing an additional 16,099 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned 0.09% of Huntsman worth $1,549,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the business. Twelve Points Wealth Management LLC lifted its holdings in shares of Huntsman by 28.9% in the 2nd quarter. Twelve Points Wealth Management LLC now owns 149,044 shares of the basic materials company’s stock valued at $1,553,000 after acquiring an additional 33,403 shares during the last quarter. Foster Victor Wealth Advisors LLC bought a new position in shares of Huntsman in the 2nd quarter valued at about $115,000. Counterpoint Mutual Funds LLC bought a new stake in shares of Huntsman in the 2nd quarter valued at approximately $269,000. Matrix Trust Co lifted its stake in shares of Huntsman by 75.2% in the 2nd quarter. Matrix Trust Co now owns 25,647 shares of the basic materials company’s stock valued at $267,000 after purchasing an additional 11,005 shares during the last quarter. Finally, Byrne Asset Management LLC bought a new stake in shares of Huntsman in the 2nd quarter valued at approximately $44,000. Institutional investors own 84.81% of the company’s stock.

Huntsman Stock Performance

Huntsman stock opened at $8.99 on Thursday. The company has a 50 day moving average price of $10.06 and a 200-day moving average price of $11.47. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.85 and a current ratio of 1.43. Huntsman Corporation has a fifty-two week low of $8.68 and a fifty-two week high of $24.13. The company has a market capitalization of $1.56 billion, a PE ratio of -4.61 and a beta of 0.64.

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

Huntsman Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 11.1%. The ex-dividend date was Monday, September 15th. Huntsman’s payout ratio is presently -51.28%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Citigroup lowered their price target on Huntsman from $9.00 to $8.50 and set a “neutral” rating for the company in a research report on Thursday, October 2nd. Mizuho lowered their price target on Huntsman from $9.00 to $8.00 and set an “underperform” rating for the company in a research report on Friday, October 3rd. Royal Bank Of Canada lowered their target price on shares of Huntsman from $12.00 to $10.00 and set a “sector perform” rating for the company in a report on Monday, August 4th. UBS Group lowered their target price on shares of Huntsman from $10.00 to $9.00 and set a “neutral” rating for the company in a report on Monday. Finally, Wells Fargo & Company lowered their target price 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 equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Huntsman presently has a consensus rating of “Reduce” and an average price target of $11.70.

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.