Huntsman Corporation $HUN Shares Purchased by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL boosted its holdings in shares of Huntsman Corporation (NYSE:HUN) by 81.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 293,500 shares of the basic materials company’s stock after purchasing an additional 132,000 shares during the period. Gamco Investors INC. ET AL’s holdings in Huntsman were worth $2,636,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. SJS Investment Consulting Inc. acquired a new stake in shares of Huntsman during the third quarter worth about $33,000. GAMMA Investing LLC increased its position in Huntsman by 104.9% in the 3rd quarter. GAMMA Investing LLC now owns 3,935 shares of the basic materials company’s stock valued at $35,000 after acquiring an additional 2,015 shares during the period. Strengthening Families & Communities LLC raised its stake in Huntsman by 2,182.0% during the 3rd quarter. Strengthening Families & Communities LLC now owns 4,313 shares of the basic materials company’s stock valued at $39,000 after acquiring an additional 4,124 shares during the last quarter. Bayforest Capital Ltd raised its stake in Huntsman by 986.0% during the 3rd quarter. Bayforest Capital Ltd now owns 6,505 shares of the basic materials company’s stock valued at $58,000 after acquiring an additional 5,906 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB lifted its position in Huntsman by 1,101.3% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 8,265 shares of the basic materials company’s stock worth $74,000 after acquiring an additional 7,577 shares during the period. 84.81% of the stock is owned by hedge funds and other institutional investors.

Huntsman Stock Performance

Shares of HUN stock opened at $12.10 on Tuesday. The company has a current ratio of 1.30, a quick ratio of 0.78 and a debt-to-equity ratio of 0.56. The stock has a 50 day simple moving average of $12.05 and a 200-day simple moving average of $10.43. The company has a market cap of $2.11 billion, a price-to-earnings ratio of -7.38 and a beta of 0.66. Huntsman Corporation has a 12-month low of $7.30 and a 12-month high of $17.88.

Huntsman (NYSE:HUN) last posted its quarterly earnings results on Tuesday, February 17th. The basic materials company reported ($0.37) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.08). The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Huntsman had a negative net margin of 5.00% and a negative return on equity of 3.97%. The firm’s quarterly revenue was down 6.7% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.25) earnings per share. On average, equities analysts forecast that Huntsman Corporation will post 0.32 EPS for the current year.

Huntsman Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be given a dividend of $0.0875 per share. This represents a $0.35 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Friday, March 13th. Huntsman’s payout ratio is presently -21.34%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on HUN. The Goldman Sachs Group reiterated a “sell” rating and issued a $13.00 target price on shares of Huntsman in a research note on Friday, February 20th. Zacks Research raised Huntsman from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. Mizuho lifted their price objective on shares of Huntsman from $8.00 to $9.00 and gave the company an “underperform” rating in a research report on Wednesday, February 18th. KeyCorp reissued a “sector weight” rating on shares of Huntsman in a research note on Monday, December 22nd. Finally, JPMorgan Chase & Co. downgraded shares of Huntsman from an “overweight” rating to a “neutral” rating and upped their price objective for the stock from $11.00 to $14.00 in a research report on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eight have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, Huntsman has a consensus rating of “Reduce” and a consensus target price of $12.41.

About Huntsman

Huntsman Corporation is a global manufacturer and marketer of specialty chemicals with headquarters in The Woodlands, Texas. Founded in 1970 by entrepreneur Jon Huntsman Sr., the company has grown through strategic acquisitions and organic expansion to establish a broad portfolio of products serving diverse end markets. Huntsman maintains a presence in more than 30 countries, operating manufacturing facilities across North America, Europe, Asia-Pacific, Latin America and the Middle East.

The company organizes its operations into several core business segments, including Polyurethanes, Performance Products, Advanced Materials, and Textile Effects.