Maple Rock Capital Partners Inc. bought a new stake in Venator Materials PLC (NYSE:VNTR) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 221,000 shares of the company’s stock, valued at approximately $4,889,000. Venator Materials makes up about 1.6% of Maple Rock Capital Partners Inc.’s investment portfolio, making the stock its 13th biggest holding. Maple Rock Capital Partners Inc. owned 0.21% of Venator Materials at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of the stock. Luminus Management LLC boosted its stake in Venator Materials by 192.9% during the fourth quarter. Luminus Management LLC now owns 2,203,174 shares of the company’s stock worth $48,734,000 after buying an additional 1,450,910 shares during the period. Two Sigma Investments LP boosted its stake in Venator Materials by 458.9% during the fourth quarter. Two Sigma Investments LP now owns 561,462 shares of the company’s stock worth $12,420,000 after buying an additional 461,001 shares during the period. Two Sigma Advisers LP boosted its stake in Venator Materials by 105.3% during the fourth quarter. Two Sigma Advisers LP now owns 58,109 shares of the company’s stock worth $1,285,000 after buying an additional 29,809 shares during the period. Cramer Rosenthal Mcglynn LLC boosted its stake in Venator Materials by 248.1% during the fourth quarter. Cramer Rosenthal Mcglynn LLC now owns 1,782,911 shares of the company’s stock worth $39,438,000 after buying an additional 1,270,696 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in Venator Materials by 920.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 733,663 shares of the company’s stock worth $16,229,000 after buying an additional 661,796 shares during the period. 45.37% of the stock is owned by hedge funds and other institutional investors.
In other Venator Materials news, Director Kathy Dawn Patrick bought 4,500 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was acquired at an average cost of $20.45 per share, for a total transaction of $92,025.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Peter R. Huntsman bought 10,000 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The shares were acquired at an average price of $19.44 per share, with a total value of $194,400.00. The disclosure for this purchase can be found here.
Shares of Venator Materials PLC (NYSE:VNTR) opened at $19.65 on Monday. Venator Materials PLC has a 52-week low of $17.85 and a 52-week high of $26.90. The company has a current ratio of 1.77, a quick ratio of 1.08 and a debt-to-equity ratio of 0.67.
Venator Materials (NYSE:VNTR) last released its earnings results on Friday, February 23rd. The company reported $0.61 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.05). The firm had revenue of $528.00 million during the quarter, compared to analyst estimates of $539.36 million. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. sell-side analysts predict that Venator Materials PLC will post 3.14 earnings per share for the current fiscal year.
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.
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