Huntsman Co. (HUN) Holdings Boosted by Point72 Hong Kong Ltd

Point72 Hong Kong Ltd grew its holdings in shares of Huntsman Co. (NYSE:HUN) by 97.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,899 shares of the basic materials company’s stock after purchasing an additional 6,861 shares during the period. Point72 Hong Kong Ltd’s holdings in Huntsman were worth $378,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HUN. Voya Investment Management LLC increased its position in Huntsman by 72.9% during the 2nd quarter. Voya Investment Management LLC now owns 4,593,258 shares of the basic materials company’s stock worth $134,123,000 after purchasing an additional 1,936,410 shares during the period. MERIAN GLOBAL INVESTORS UK Ltd increased its position in Huntsman by 1,032.6% during the 3rd quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 1,685,795 shares of the basic materials company’s stock worth $45,904,000 after purchasing an additional 1,536,953 shares during the period. FMR LLC increased its position in Huntsman by 54.4% during the 2nd quarter. FMR LLC now owns 3,517,861 shares of the basic materials company’s stock worth $102,722,000 after purchasing an additional 1,239,240 shares during the period. Man Group plc increased its position in Huntsman by 489.9% during the 3rd quarter. Man Group plc now owns 1,162,671 shares of the basic materials company’s stock worth $31,660,000 after purchasing an additional 965,586 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its position in Huntsman by 111.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,679,243 shares of the basic materials company’s stock worth $49,034,000 after purchasing an additional 883,502 shares during the period. Institutional investors own 77.51% of the company’s stock.

In related news, CEO Peter R. Huntsman bought 10,000 shares of Huntsman stock in a transaction that occurred on Thursday, December 6th. The shares were purchased at an average price of $18.83 per share, with a total value of $188,300.00. Following the purchase, the chief executive officer now owns 4,966,349 shares in the company, valued at $93,516,351.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP David M. Stryker bought 2,000 shares of Huntsman stock in a transaction that occurred on Thursday, December 6th. The stock was bought at an average cost of $18.80 per share, for a total transaction of $37,600.00. Following the purchase, the vice president now owns 127,452 shares in the company, valued at approximately $2,396,097.60. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 50,282 shares of company stock worth $1,004,692. 10.90% of the stock is owned by corporate insiders.

HUN opened at $18.30 on Friday. The company has a market capitalization of $4.50 billion, a P/E ratio of 7.38, a PEG ratio of 0.65 and a beta of 2.68. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 1.88. Huntsman Co. has a 1-year low of $17.94 and a 1-year high of $36.09.

Huntsman (NYSE:HUN) last posted its earnings results on Tuesday, October 30th. The basic materials company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.02. Huntsman had a return on equity of 22.96% and a net margin of 9.88%. The firm had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same quarter in the prior year, the company earned $0.67 EPS. Huntsman’s revenue was up 12.7% on a year-over-year basis. As a group, equities research analysts forecast that Huntsman Co. will post 3.39 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Friday, December 14th will be paid a $0.1625 dividend. This represents a $0.65 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date of this dividend is Thursday, December 13th. Huntsman’s payout ratio is currently 26.21%.

A number of equities research analysts recently weighed in on the company. KeyCorp lowered their price target on Huntsman from $36.00 to $32.00 and set an “overweight” rating on the stock in a report on Monday, December 3rd. Citigroup lowered their price target on Huntsman from $30.00 to $25.50 and set a “neutral” rating on the stock in a report on Friday, November 2nd. Barclays lowered their price target on Huntsman from $29.00 to $22.00 and set an “underweight” rating on the stock in a report on Thursday, November 1st. Nomura lowered their price target on Huntsman from $30.00 to $28.00 and set a “neutral” rating on the stock in a report on Wednesday, October 31st. Finally, Alembic Global Advisors set a $40.00 price target on Huntsman and gave the stock a “buy” rating in a report on Tuesday, October 30th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $33.95.

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Huntsman Company Profile

Huntsman Corporation, through its subsidiary, Huntsman International LLC, manufactures and sells differentiated organic chemical products worldwide. The company operates in four segments: Polyurethanes, Performance Products, Advanced Materials, and Textile Effects. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyols, thermoplastic polyurethane, propylene oxide, and methyl tertiary-butyl ether products.

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