GAMMA Investing LLC Purchases 646 Shares of Huntsman Co. (NYSE:HUN)

GAMMA Investing LLC lifted its position in shares of Huntsman Co. (NYSE:HUN) by 44.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,115 shares of the basic materials company’s stock after purchasing an additional 646 shares during the period. GAMMA Investing LLC’s holdings in Huntsman were worth $55,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quadrant Capital Group LLC increased its position in Huntsman by 93.0% in the 4th quarter. Quadrant Capital Group LLC now owns 1,081 shares of the basic materials company’s stock valued at $27,000 after acquiring an additional 521 shares during the period. Treasurer of the State of North Carolina raised its position in Huntsman by 1.0% during the 4th quarter. Treasurer of the State of North Carolina now owns 75,009 shares of the basic materials company’s stock worth $1,885,000 after purchasing an additional 730 shares during the last quarter. Harvest Investment Advisors LLC lifted its holdings in Huntsman by 2.0% during the 4th quarter. Harvest Investment Advisors LLC now owns 44,360 shares of the basic materials company’s stock worth $1,115,000 after buying an additional 879 shares during the period. Verdence Capital Advisors LLC raised its position in shares of Huntsman by 9.8% during the fourth quarter. Verdence Capital Advisors LLC now owns 12,768 shares of the basic materials company’s stock worth $321,000 after acquiring an additional 1,140 shares during the last quarter. Finally, Synovus Financial Corp increased its position in Huntsman by 11.9% during the 3rd quarter. Synovus Financial Corp now owns 16,542 shares of the basic materials company’s stock valued at $404,000 after purchasing an additional 1,760 shares during the period. Institutional investors and hedge funds own 84.81% of the company’s stock.

Huntsman Stock Down 0.3 %

Huntsman stock opened at $23.37 on Tuesday. The company has a current ratio of 1.55, a quick ratio of 0.98 and a debt-to-equity ratio of 0.49. The firm’s fifty day moving average price is $24.28 and its two-hundred day moving average price is $24.72. The firm has a market capitalization of $4.04 billion, a price-to-earnings ratio of -44.93 and a beta of 1.07. Huntsman Co. has a 1-year low of $22.14 and a 1-year high of $29.90.

Huntsman (NYSE:HUN) last announced its quarterly earnings results on Thursday, May 2nd. The basic materials company reported ($0.06) earnings per share for the quarter, meeting the consensus estimate of ($0.06). The business had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.47 billion. Huntsman had a negative net margin of 1.49% and a positive return on equity of 0.67%. The firm’s revenue for the quarter was down 8.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.20 EPS. On average, equities research analysts predict that Huntsman Co. will post 0.41 earnings per share for the current fiscal year.

Huntsman Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.28%. The ex-dividend date of this dividend is Friday, June 14th. Huntsman’s payout ratio is currently -192.31%.

Analyst Ratings Changes

A number of brokerages have commented on HUN. JPMorgan Chase & Co. raised shares of Huntsman from an “underweight” rating to an “overweight” rating and upped their price target for the company from $22.00 to $27.00 in a research report on Friday, June 7th. The Goldman Sachs Group raised their target price on Huntsman from $25.00 to $28.00 and gave the stock a “sell” rating in a research note on Tuesday, March 5th. Finally, Royal Bank of Canada increased their price target on Huntsman from $24.00 to $26.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 7th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $27.20.

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.