Huntsman Corporation $HUN Shares Sold by Walnut Level Capital LLC

by · The Markets Daily

Walnut Level Capital LLC trimmed its stake in Huntsman Corporation (NYSE:HUN – Free Report) by 85.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 85,000 shares of the basic materials company’s stock after selling 492,010 shares during the quarter. Huntsman makes up 0.5% of Walnut Level Capital LLC’s holdings, making the stock its 25th largest holding. Walnut Level Capital LLC’s holdings in Huntsman were worth $886,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of HUN. Caitong International Asset Management Co. Ltd increased its stake in Huntsman by 1,717.9% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 3,254 shares of the basic materials company’s stock worth $51,000 after purchasing an additional 3,075 shares in the last quarter. IFP Advisors Inc boosted its holdings in shares of Huntsman by 197.6% in the second quarter. IFP Advisors Inc now owns 3,661 shares of the basic materials company’s stock worth $38,000 after buying an additional 2,431 shares during the period. Byrne Asset Management LLC purchased a new position in shares of Huntsman in the second quarter worth approximately $44,000. Quarry LP raised its holdings in shares of Huntsman by 40.3% during the first quarter. Quarry LP now owns 5,034 shares of the basic materials company’s stock valued at $79,000 after acquiring an additional 1,445 shares during the period. Finally, Parallel Advisors LLC lifted its position in shares of Huntsman by 70.2% in the 2nd quarter. Parallel Advisors LLC now owns 7,975 shares of the basic materials company’s stock valued at $83,000 after acquiring an additional 3,288 shares in the last quarter. 84.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on HUN. The Goldman Sachs Group boosted their target price on shares of Huntsman from $8.50 to $9.50 and gave the company a “sell” rating in a research note on Thursday, December 4th. Bank of America reissued an “underperform” rating and set a $8.00 price target (down from $9.00) on shares of Huntsman in a research report on Tuesday, October 14th. Citigroup increased their price objective on Huntsman from $8.50 to $10.50 and gave the stock a “neutral” rating in a research note on Wednesday, December 3rd. Weiss Ratings reiterated a “sell (d)” rating on shares of Huntsman in a report on Wednesday, October 8th. Finally, Royal Bank Of Canada decreased their price target on shares of Huntsman from $10.00 to $9.00 and set a “sector perform” rating for the company in a report on Monday, November 10th. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $10.23.

Get Our Latest Stock Analysis on Huntsman

Huntsman Stock Down 0.6%

HUN opened at $10.62 on Friday. The company has a market capitalization of $1.85 billion, a PE ratio of -5.59 and a beta of 0.68. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.36 and a quick ratio of 0.84. Huntsman Corporation has a fifty-two week low of $7.30 and a fifty-two week high of $19.07. The business has a 50-day moving average of $8.95 and a 200-day moving average of $10.03.

Huntsman (NYSE:HUN – Get Free Report) last announced its quarterly earnings results on Thursday, November 6th. The basic materials company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.13) by $0.10. The business had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Huntsman had a negative return on equity of 3.26% and a negative net margin of 5.69%.The firm’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.10 EPS. Equities research analysts forecast that Huntsman Corporation will post 0.32 EPS for the current fiscal year.

Huntsman Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be issued a dividend of $0.0875 per share. The ex-dividend date is Monday, December 15th. This represents a $0.35 dividend on an annualized basis and a dividend yield of 3.3%. Huntsman’s dividend payout ratio (DPR) is currently -52.63%.

Huntsman Company Profile

(Free Report)

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.

Further Reading

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