Venator Materials PLC (NYSE:VNTR) major shareholder Corp Huntsman sold 1,948,955 shares of Venator Materials stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $21.66, for a total value of $42,214,365.30. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Corp Huntsman also recently made the following trade(s):

  • On Monday, December 4th, Corp Huntsman sold 21,764,800 shares of Venator Materials stock. The shares were sold at an average price of $21.66, for a total value of $471,425,568.00.

Venator Materials PLC (NYSE:VNTR) traded down $0.12 during midday trading on Thursday, reaching $23.00. The company’s stock had a trading volume of 838,986 shares, compared to its average volume of 1,720,000. Venator Materials PLC has a twelve month low of $17.85 and a twelve month high of $26.90. The company has a quick ratio of 1.25, a current ratio of 2.03 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $2,440.00 and a P/E ratio of 41.82.

Venator Materials (NYSE:VNTR) last released its quarterly earnings results on Friday, October 27th. The company reported $0.70 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.25. The firm had revenue of $582.00 million for the quarter, compared to analysts’ expectations of $568.31 million. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. analysts expect that Venator Materials PLC will post 2.05 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VNTR. Jennison Associates LLC purchased a new stake in Venator Materials during the third quarter valued at about $47,734,000. Macquarie Group Ltd. purchased a new stake in Venator Materials during the third quarter valued at about $40,841,000. Greenlight Capital Inc. purchased a new stake in Venator Materials during the third quarter valued at about $38,420,000. Victory Capital Management Inc. purchased a new stake in Venator Materials during the third quarter valued at about $33,036,000. Finally, Point72 Asset Management L.P. purchased a new stake in Venator Materials during the third quarter valued at about $28,675,000. Institutional investors and hedge funds own 23.20% of the company’s stock.

Several equities research analysts recently issued reports on VNTR shares. Bank of America lifted their price objective on Venator Materials from $23.00 to $28.00 and gave the company a “buy” rating in a research note on Tuesday, October 31st. Citigroup lifted their price objective on Venator Materials from $28.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, October 31st. Royal Bank of Canada reissued a “buy” rating and set a $28.00 price objective on shares of Venator Materials in a research note on Wednesday, October 18th. Instinet reissued a “buy” rating and set a $26.00 price objective (up previously from $24.00) on shares of Venator Materials in a research note on Friday, October 13th. Finally, Zacks Investment Research raised Venator Materials from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research note on Thursday, October 26th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $27.47.

TRADEMARK VIOLATION WARNING: “Corp Huntsman Sells 1,948,955 Shares of Venator Materials PLC (VNTR) Stock” was posted by American Banking News and is owned by of American Banking News. If you are viewing this news story on another domain, it was stolen and republished in violation of US and international copyright laws. The correct version of this news story can be accessed at https://www.americanbankingnews.com/2018/01/04/corp-huntsman-sells-1948955-shares-of-venator-materials-plc-vntr-stock.html.

About Venator Materials

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.

Receive News & Ratings for Venator Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Venator Materials and related companies with MarketBeat.com's FREE daily email newsletter.