Trexquant Investment LP bought a new stake in shares of Venator Materials (NYSE:VNTR) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 43,501 shares of the company’s stock, valued at approximately $787,000.
A number of other institutional investors and hedge funds have also modified their holdings of VNTR. QS Investors LLC purchased a new position in shares of Venator Materials in the 4th quarter worth $110,000. Wells Fargo & Company MN boosted its stake in shares of Venator Materials by 81,257.1% in the 4th quarter. Wells Fargo & Company MN now owns 5,695 shares of the company’s stock worth $126,000 after buying an additional 5,688 shares during the last quarter. Deutsche Bank AG boosted its stake in shares of Venator Materials by 9,700.0% in the 4th quarter. Deutsche Bank AG now owns 9,800 shares of the company’s stock worth $216,000 after buying an additional 9,700 shares during the last quarter. Teacher Retirement System of Texas purchased a new position in shares of Venator Materials in the 4th quarter worth $248,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Venator Materials in the 3rd quarter worth $297,000. Institutional investors and hedge funds own 45.55% of the company’s stock.
NYSE VNTR opened at $18.06 on Thursday. The firm has a market cap of $1.85 billion and a P/E ratio of 10.38. The company has a current ratio of 1.84, a quick ratio of 1.13 and a debt-to-equity ratio of 0.60. Venator Materials has a fifty-two week low of $17.73 and a fifty-two week high of $17.95.
Venator Materials (NYSE:VNTR) last released its earnings results on Tuesday, May 1st. The company reported $0.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.01. The company had revenue of $622.00 million for the quarter, compared to the consensus estimate of $646.95 million. Venator Materials had a return on equity of 23.75% and a net margin of 9.94%. Venator Materials’s revenue for the quarter was up 15.8% compared to the same quarter last year. equities research analysts anticipate that Venator Materials will post 3.16 EPS for the current year.
A number of research firms have recently issued reports on VNTR. Zacks Investment Research upgraded Venator Materials from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research note on Wednesday, February 28th. Citigroup raised their price target on Venator Materials from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, April 10th. Morgan Stanley began coverage on Venator Materials in a research note on Tuesday, January 30th. They issued an “equal weight” rating and a $25.00 price target on the stock. ValuEngine downgraded Venator Materials from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. Finally, Wells Fargo began coverage on Venator Materials in a research note on Wednesday, April 25th. They issued an “outperform” rating and a $28.00 price target on the stock. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $27.33.
In other Venator Materials news, Director Peter R. Huntsman purchased 10,000 shares of the firm’s stock in a transaction on Wednesday, February 28th. The shares were acquired at an average cost of $19.44 per share, with a total value of $194,400.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kathy Dawn Patrick purchased 4,500 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were acquired at an average cost of $20.45 per share, for a total transaction of $92,025.00. The disclosure for this purchase can be found here. 0.31% of the stock is currently owned by insiders.
About Venator Materials
Venator Materials PLC manufactures and markets chemical products worldwide. It operates through two segments, Titanium Dioxide and Performance Additives. The Titanium Dioxide segment offers titanium dioxide (TiO2), such as rutile, anatase, and nano TiO2 products for use in coatings, plastics, paper, printing inks, fibers, and food and personal care products.
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