Lighthouse Investment Partners LLC Invests $1.33 Million in Huntsman Co. (NYSE:HUN)

Lighthouse Investment Partners LLC bought a new stake in Huntsman Co. (NYSE:HUN) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 58,597 shares of the basic materials company’s stock, valued at approximately $1,334,000.

Other hedge funds have also bought and sold shares of the company. Fidelis Capital Partners LLC acquired a new position in Huntsman during the first quarter worth approximately $45,000. Quarry LP bought a new position in shares of Huntsman during the 4th quarter worth approximately $52,000. GAMMA Investing LLC increased its holdings in shares of Huntsman by 44.0% during the 1st quarter. GAMMA Investing LLC now owns 2,115 shares of the basic materials company’s stock worth $55,000 after acquiring an additional 646 shares during the last quarter. nVerses Capital LLC raised its stake in Huntsman by 1,250.0% in the 2nd quarter. nVerses Capital LLC now owns 2,700 shares of the basic materials company’s stock valued at $61,000 after acquiring an additional 2,500 shares during the period. Finally, Innealta Capital LLC acquired a new stake in Huntsman during the 2nd quarter valued at $65,000. 84.81% of the stock is currently owned by institutional investors and hedge funds.

Huntsman Trading Down 0.9 %

Shares of NYSE:HUN opened at $24.55 on Friday. The company has a market capitalization of $4.25 billion, a P/E ratio of -47.21 and a beta of 1.00. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.30 and a quick ratio of 0.77. The business’s 50 day simple moving average is $22.03 and its 200 day simple moving average is $23.48. Huntsman Co. has a 1 year low of $19.91 and a 1 year high of $27.01.

Huntsman (NYSE:HUN) last released its earnings results on Monday, August 5th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.14. The company had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.61 billion. Huntsman had a positive return on equity of 0.26% and a negative net margin of 1.44%. Huntsman’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.22 EPS. On average, research analysts anticipate that Huntsman Co. will post 0.2 EPS for the current fiscal year.

Huntsman Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.07%. The ex-dividend date is Friday, September 13th. Huntsman’s payout ratio is presently -192.31%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on HUN shares. Citigroup dropped their price objective on shares of Huntsman from $26.00 to $24.00 and set a “neutral” rating on the stock in a research report on Thursday, June 27th. UBS Group lowered their price target on shares of Huntsman from $23.00 to $22.00 and set a “neutral” rating on the stock in a report on Tuesday, August 6th. Royal Bank of Canada reduced their price objective on Huntsman from $30.00 to $21.00 and set a “sector perform” rating for the company in a report on Thursday, August 8th. Wells Fargo & Company lowered their target price on Huntsman from $28.00 to $26.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 7th. Finally, JPMorgan Chase & Co. reduced their price target on Huntsman from $27.00 to $25.00 and set an “overweight” rating for the company in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $25.56.

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.