Qsemble Capital Management LP Sells 46,296 Shares of Huntsman Co. (NYSE:HUN)

Qsemble Capital Management LP lessened its stake in Huntsman Co. (NYSE:HUN) by 69.5% in the second quarter, HoldingsChannel reports. The firm owned 20,358 shares of the basic materials company’s stock after selling 46,296 shares during the period. Qsemble Capital Management LP’s holdings in Huntsman were worth $464,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in HUN. Franklin Resources Inc. lifted its stake in shares of Huntsman by 7.2% in the 4th quarter. Franklin Resources Inc. now owns 1,258,188 shares of the basic materials company’s stock worth $31,618,000 after purchasing an additional 84,462 shares during the period. Norges Bank bought a new position in Huntsman in the fourth quarter worth approximately $43,761,000. Russell Investments Group Ltd. grew its position in shares of Huntsman by 24.4% during the 1st quarter. Russell Investments Group Ltd. now owns 665,652 shares of the basic materials company’s stock valued at $17,327,000 after acquiring an additional 130,614 shares during the period. Commerce Bank increased its stake in shares of Huntsman by 16.1% in the 4th quarter. Commerce Bank now owns 234,824 shares of the basic materials company’s stock worth $5,901,000 after purchasing an additional 32,535 shares in the last quarter. Finally, Diversified Trust Co purchased a new stake in shares of Huntsman in the 2nd quarter worth $2,180,000. 84.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on HUN shares. Royal Bank of Canada cut their price target on Huntsman from $30.00 to $21.00 and set a “sector perform” rating for the company in a report on Thursday, August 8th. Citigroup cut their price objective on Huntsman from $26.00 to $24.00 and set a “neutral” rating for the company in a research note on Thursday, June 27th. JPMorgan Chase & Co. reduced their target price 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. UBS Group lowered their price target on shares of Huntsman from $23.00 to $22.00 and set a “neutral” rating on the stock in a report on Tuesday, August 6th. Finally, Wells Fargo & Company reduced their price objective on shares of Huntsman from $28.00 to $26.00 and set an “overweight” rating for the company in a research note on Wednesday, August 7th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $25.56.

Huntsman Trading Up 2.0 %

Huntsman stock opened at $22.06 on Friday. Huntsman Co. has a 1 year low of $19.91 and a 1 year high of $27.01. The firm’s 50 day moving average price is $21.95 and its 200-day moving average price is $23.70. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.30 and a quick ratio of 0.77. The stock has a market cap of $3.82 billion, a P/E ratio of -42.42 and a beta of 1.00.

Huntsman (NYSE:HUN) last announced its quarterly earnings results on Monday, August 5th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.14. Huntsman had a negative net margin of 1.44% and a positive return on equity of 0.26%. The company had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same period in the previous year, the firm posted $0.22 EPS. Huntsman’s revenue for the quarter was down 1.4% compared to the same quarter last year. On average, equities analysts predict that Huntsman Co. will post 0.2 earnings per share for the current fiscal year.

Huntsman Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.53%. The ex-dividend date of this dividend is Friday, September 13th. Huntsman’s payout ratio is presently -192.31%.

About Huntsman

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.