SIR Capital Management L.P. acquired a new position in Venator Materials PLC (NYSE:VNTR) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 367,800 shares of the company’s stock, valued at approximately $8,136,000. Venator Materials makes up 1.8% of SIR Capital Management L.P.’s investment portfolio, making the stock its 26th largest position. SIR Capital Management L.P. owned 0.35% of Venator Materials at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of VNTR. MYDA Advisors LLC bought a new position in Venator Materials in the 4th quarter worth $1,327,000. Kennedy Capital Management Inc. boosted its holdings in Venator Materials by 117.7% in the 4th quarter. Kennedy Capital Management Inc. now owns 320,394 shares of the company’s stock worth $7,087,000 after buying an additional 173,195 shares during the period. Geode Capital Management LLC bought a new position in Venator Materials in the 4th quarter worth $6,511,000. Quadrature Capital Ltd bought a new position in Venator Materials in the 4th quarter worth $827,000. Finally, OppenheimerFunds Inc. boosted its holdings in Venator Materials by 107.5% in the 4th quarter. OppenheimerFunds Inc. now owns 565,100 shares of the company’s stock worth $12,500,000 after buying an additional 292,700 shares during the period. Hedge funds and other institutional investors own 45.37% of the company’s stock.
Several research analysts have commented on the stock. Alembic Global Advisors reissued a “buy” rating and set a $32.00 price objective on shares of Venator Materials in a report on Monday, November 20th. Zacks Investment Research downgraded shares of Venator Materials from a “buy” rating to a “hold” rating in a report on Thursday, March 1st. Barclays reissued an “equal weight” rating and set a $25.00 price objective (down previously from $27.00) on shares of Venator Materials in a report on Monday, February 26th. Goldman Sachs Group downgraded shares of Venator Materials from a “buy” rating to a “neutral” rating and set a $27.00 price objective for the company. in a report on Wednesday, December 6th. Finally, Morgan Stanley assumed coverage on shares of Venator Materials in a report on Tuesday, January 30th. They set an “equal weight” rating and a $25.00 price objective for the company. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $27.19.
In related news, Director Kathy Dawn Patrick bought 4,500 shares of Venator Materials stock in a transaction dated Monday, February 26th. The shares were acquired at an average cost of $20.45 per share, with a total value of $92,025.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Corp Huntsman sold 1,948,955 shares of the firm’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $21.66, for a total transaction of $42,214,365.30. The disclosure for this sale can be found here.
Shares of Venator Materials PLC (NYSE:VNTR) remained flat at $$19.46 during trading hours on Wednesday. 432,218 shares of the stock traded hands, compared to its average volume of 903,384. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.08 and a current ratio of 1.77. Venator Materials PLC has a fifty-two week low of $17.85 and a fifty-two week high of $26.90. The stock has a market cap of $2,080.00 and a P/E ratio of 11.91.
Venator Materials (NYSE:VNTR) last posted its quarterly earnings data on Friday, February 23rd. The company reported $0.61 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.05). The company had revenue of $528.00 million for the quarter, compared to the consensus estimate of $539.36 million. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. equities research analysts predict that Venator Materials PLC will post 3.14 EPS for the current year.
Venator Materials Profile
Venator Materials PLC is a manufacturer and marketer of chemical products. The Company is engaged in manufacturing titanium dioxide (TiO2), functional additives, color pigments, timber treatment and water treatment products. It operates through two segments: Titanium Dioxide and Performance Additives.
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