Brinker Capital Investments LLC Sells 1,155 Shares of Huntsman Co. (NYSE:HUN)

Brinker Capital Investments LLC cut its holdings in Huntsman Co. (NYSE:HUN – Get Rating) by 3.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,161 shares of the basic materials company’s stock after selling 1,155 shares during the period. Brinker Capital Investments LLC’s holdings in Huntsman were worth $887,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Byrne Asset Management LLC bought a new position in shares of Huntsman during the third quarter valued at about $26,000. Brown Brothers Harriman & Co. bought a new position in shares of Huntsman during the first quarter valued at about $30,000. CoreCap Advisors LLC bought a new position in shares of Huntsman during the second quarter valued at about $34,000. Wipfli Financial Advisors LLC bought a new position in shares of Huntsman during the third quarter valued at about $34,000. Finally, EverSource Wealth Advisors LLC bought a new position in shares of Huntsman during the second quarter valued at about $47,000. 87.57% of the stock is owned by institutional investors.

Huntsman Stock Up 3.2 %

Shares of Huntsman stock opened at $31.53 on Monday. The company has a market cap of $6.06 billion, a price-to-earnings ratio of 5.87, a price-to-earnings-growth ratio of 2.08 and a beta of 1.12. The company’s 50 day moving average is $28.55 and its 200 day moving average is $27.94. Huntsman Co. has a twelve month low of $23.53 and a twelve month high of $41.65. The company has a quick ratio of 1.33, a current ratio of 2.00 and a debt-to-equity ratio of 0.37.

Huntsman (NYSE:HUN – Get Rating) last issued its quarterly earnings data on Friday, November 4th. The basic materials company reported $0.71 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.71. The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.01 billion. Huntsman had a net margin of 12.66% and a return on equity of 19.94%. The firm’s revenue for the quarter was down 12.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.08 earnings per share. Research analysts anticipate that Huntsman Co. will post 3.33 EPS for the current year.

Huntsman Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 30th. Shareholders of record on Thursday, December 15th were given a $0.2125 dividend. The ex-dividend date of this dividend was Wednesday, December 14th. This represents a $0.85 annualized dividend and a yield of 2.70%. Huntsman’s payout ratio is presently 15.83%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on HUN. The Goldman Sachs Group upped their price objective on shares of Huntsman from $25.00 to $28.00 and gave the company a “sell” rating in a research note on Thursday, December 15th. Tudor Pickering downgraded shares of Huntsman from a “buy” rating to a “hold” rating in a research note on Tuesday, November 8th. Scotiabank downgraded shares of Huntsman from a “sector outperform” rating to a “sector perform” rating and decreased their price target for the stock from $36.00 to $30.00 in a research note on Monday, November 7th. UBS Group increased their price target on shares of Huntsman from $27.00 to $32.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 11th. Finally, Morgan Stanley decreased their price target on shares of Huntsman from $37.00 to $35.00 and set an “overweight” rating for the company in a research note on Monday, November 14th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Huntsman has an average rating of “Hold” and an average target price of $34.80.

Huntsman Company Profile

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Huntsman Corp. engages in the manufacturing of differentiated organic chemical products. It operates through the following segments: Polyurethanes, Performance Products, Advanced Materials, and Textile Effects. The Polyurethanes segment manufactures and markets polyurethane chemicals, including MDI products, PO, polyols, PG, TPU, aniline, and MTBE.