184,136 Shares in Huntsman Corporation $HUN Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd acquired a new stake in shares of Huntsman Corporation (NYSE:HUN) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 184,136 shares of the basic materials company’s stock, valued at approximately $2,451,000. Y Intercept Hong Kong Ltd owned approximately 0.11% of Huntsman as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the company. Strategic Advocates LLC purchased a new stake in shares of Huntsman during the third quarter valued at approximately $27,000. Advisory Services Network LLC bought a new position in Huntsman in the 3rd quarter valued at approximately $58,000. Parkside Financial Bank & Trust boosted its stake in Huntsman by 1,005.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 6,514 shares of the basic materials company’s stock valued at $65,000 after purchasing an additional 5,925 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in shares of Huntsman by 121.7% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 6,751 shares of the basic materials company’s stock worth $61,000 after purchasing an additional 3,706 shares in the last quarter. Finally, Platinum Investment Management Ltd. bought a new stake in shares of Huntsman in the 4th quarter worth $68,000. 84.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on HUN shares. Bank of America upped their price target on Huntsman from $10.00 to $11.00 and gave the company an “underperform” rating in a report on Tuesday, June 30th. Morgan Stanley upped their target price on shares of Huntsman from $11.00 to $15.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 5th. Mizuho dropped their price target on shares of Huntsman from $14.00 to $13.00 and set a “neutral” rating on the stock in a report on Wednesday, July 1st. Wall Street Zen raised shares of Huntsman from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Citigroup increased their price objective on shares of Huntsman from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Huntsman has an average rating of “Hold” and a consensus target price of $13.75.

Huntsman Trading Up 3.8%

Shares of Huntsman stock opened at $10.98 on Wednesday. Huntsman Corporation has a 1-year low of $7.30 and a 1-year high of $16.08. The company’s fifty day simple moving average is $13.53 and its 200-day simple moving average is $12.63. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.27 and a quick ratio of 0.75. The stock has a market capitalization of $1.92 billion, a PE ratio of -5.72 and a beta of 0.69.

Huntsman (NYSE:HUN) last posted its quarterly earnings data on Thursday, April 30th. The basic materials company reported ($0.20) EPS for the quarter, topping the consensus estimate of ($0.23) by $0.03. The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.39 billion. Huntsman had a negative return on equity of 4.60% and a negative net margin of 5.83%.Huntsman’s revenue was up .7% on a year-over-year basis. During the same period in the prior year, the business posted ($0.11) EPS. As a group, equities analysts anticipate that Huntsman Corporation will post -0.24 earnings per share for the current year.

Huntsman Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were paid a dividend of $0.0875 per share. The ex-dividend date was Monday, June 15th. This represents a $0.35 dividend on an annualized basis and a dividend yield of 3.2%. Huntsman’s payout ratio is -18.23%.

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.