Sonora Investment Management Group LLC Has $509,000 Stake in Huntsman Co. (NYSE:HUN)

Sonora Investment Management Group LLC trimmed its stake in Huntsman Co. (NYSE:HUN) by 12.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,210 shares of the basic materials company’s stock after selling 4,140 shares during the period. Sonora Investment Management Group LLC’s holdings in Huntsman were worth $509,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Principal Financial Group Inc. lifted its holdings in shares of Huntsman by 10.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,342,478 shares of the basic materials company’s stock worth $32,488,000 after acquiring an additional 124,841 shares during the period. Bank of Montreal Can lifted its holdings in shares of Huntsman by 152.7% during the 3rd quarter. Bank of Montreal Can now owns 99,405 shares of the basic materials company’s stock worth $2,440,000 after acquiring an additional 60,072 shares during the period. First Hawaiian Bank bought a new position in shares of Huntsman during the 4th quarter worth about $569,000. ING Groep NV bought a new position in shares of Huntsman during the 3rd quarter worth about $5,317,000. Finally, Empowered Funds LLC lifted its holdings in shares of Huntsman by 49.9% during the 3rd quarter. Empowered Funds LLC now owns 31,783 shares of the basic materials company’s stock worth $769,000 after acquiring an additional 10,582 shares during the period. 84.81% of the stock is owned by institutional investors.

Huntsman Stock Down 2.5 %

Huntsman stock opened at $16.84 on Friday. The stock has a market capitalization of $2.91 billion, a PE ratio of -24.41 and a beta of 0.97. Huntsman Co. has a twelve month low of $15.95 and a twelve month high of $27.01. 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 company has a 50 day moving average of $18.18 and a 200-day moving average of $20.74.

Huntsman (NYSE:HUN) last announced its quarterly earnings data on Monday, November 4th. The basic materials company reported $0.10 EPS for the quarter, hitting analysts’ consensus estimates of $0.10. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.55 billion. Huntsman had a negative net margin of 1.99% and a negative return on equity of 0.03%. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.15 earnings per share. On average, equities research analysts anticipate that Huntsman Co. will post 0.08 EPS for the current fiscal year.

Huntsman Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 5.94%. The ex-dividend date was Friday, December 13th. Huntsman’s dividend payout ratio (DPR) is currently -144.93%.

Insiders Place Their Bets

In other Huntsman news, Director Mary C. Beckerle sold 20,201 shares of the company’s stock in a transaction on 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 document filed with the SEC, which is available through the SEC website. Insiders own 5.60% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on HUN. Wells Fargo & Company cut their price target on shares of Huntsman from $26.00 to $25.00 and set an “overweight” rating for the company in a report on Wednesday, November 6th. UBS Group lowered their price target on shares of Huntsman from $24.00 to $23.00 and set a “neutral” rating for the company in a research report on Tuesday, November 5th. Mizuho lowered their price target on shares of Huntsman from $23.00 to $21.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Citigroup decreased their price objective on shares of Huntsman from $22.00 to $19.00 and set a “neutral” rating for the company in a report on Wednesday, December 18th. Finally, Alembic Global Advisors cut shares of Huntsman from an “overweight” rating to a “neutral” rating in a report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $22.63.

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.