Quantbot Technologies LP Sells 87,106 Shares of Huntsman Co. (NYSE:HUN)

Quantbot Technologies LP cut its stake in Huntsman Co. (NYSE:HUN) by 41.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 120,648 shares of the basic materials company’s stock after selling 87,106 shares during the period. Quantbot Technologies LP owned approximately 0.07% of Huntsman worth $2,920,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Matrix Trust Co acquired a new stake in Huntsman during the third quarter worth about $25,000. nVerses Capital LLC grew its holdings in shares of Huntsman by 1,250.0% during the 2nd quarter. nVerses Capital LLC now owns 2,700 shares of the basic materials company’s stock worth $61,000 after purchasing an additional 2,500 shares in the last quarter. Innealta Capital LLC bought a new stake in shares of Huntsman during the second quarter valued at approximately $65,000. Capital Performance Advisors LLP acquired a new position in shares of Huntsman in the third quarter valued at $78,000. Finally, Quarry LP lifted its position in Huntsman by 64.8% in the second quarter. Quarry LP now owns 3,664 shares of the basic materials company’s stock worth $83,000 after purchasing an additional 1,441 shares during the period. 84.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Huntsman news, Director Mary C. Beckerle sold 20,201 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $21.42, for a total transaction of $432,705.42. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 6.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on HUN. JPMorgan Chase & Co. reduced their price objective on shares of Huntsman from $27.00 to $25.00 and set an “overweight” rating for the company in a report on Wednesday, August 7th. Wells Fargo & Company cut their target price on Huntsman from $26.00 to $25.00 and set an “overweight” rating for the company in a research report on Wednesday, November 6th. UBS Group cut their price objective on Huntsman from $24.00 to $23.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. Finally, Royal Bank of Canada lifted their price target on shares of Huntsman from $21.00 to $24.00 and gave the company a “sector perform” rating in a report on Friday, October 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $25.75.

Huntsman Stock Performance

Huntsman stock opened at $19.58 on Thursday. Huntsman Co. has a 12-month low of $19.11 and a 12-month high of $27.01. The stock has a 50-day simple moving average of $22.16 and a 200 day simple moving average of $22.58. The company has a quick ratio of 0.83, a current ratio of 1.47 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $3.39 billion, a price-to-earnings ratio of -28.38 and a beta of 1.02.

Huntsman (NYSE:HUN) last announced its earnings results on Monday, November 4th. The basic materials company reported $0.10 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.10. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.55 billion. Huntsman had a negative net margin of 1.99% and a negative return on equity of 0.03%. The company’s revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.15 earnings per share. On average, research analysts anticipate that Huntsman Co. will post 0.09 earnings per share for the current fiscal year.

Huntsman Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, December 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.11%. Huntsman’s payout ratio is currently -144.93%.

Huntsman Company 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.