Luminus Management LLC grew its holdings in shares of Venator Materials PLC (NYSE:VNTR) by 192.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,203,174 shares of the company’s stock after purchasing an additional 1,450,910 shares during the quarter. Venator Materials makes up about 1.0% of Luminus Management LLC’s portfolio, making the stock its 24th biggest holding. Luminus Management LLC owned approximately 2.07% of Venator Materials worth $48,734,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in VNTR. Oppenheimer Asset Management Inc. acquired a new stake in Venator Materials during the 3rd quarter worth $103,000. QS Investors LLC purchased a new position in shares of Venator Materials during the 4th quarter worth $110,000. Wells Fargo & Company MN raised its holdings in shares of Venator Materials by 81,257.1% during the 4th quarter. Wells Fargo & Company MN now owns 5,695 shares of the company’s stock worth $126,000 after acquiring an additional 5,688 shares during the period. Deutsche Bank AG raised its holdings in shares of Venator Materials by 9,700.0% during the 4th quarter. Deutsche Bank AG now owns 9,800 shares of the company’s stock worth $216,000 after acquiring an additional 9,700 shares during the period. Finally, Teacher Retirement System of Texas purchased a new position in shares of Venator Materials during the 4th quarter worth $248,000. 45.37% of the stock is currently owned by institutional investors.
In other Venator Materials news, major shareholder Corp Huntsman sold 1,948,955 shares of the business’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $21.66, for a total transaction of $42,214,365.30. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Peter R. Huntsman purchased 10,000 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were acquired at an average price of $19.44 per share, for a total transaction of $194,400.00. The disclosure for this purchase can be found here.
Shares of Venator Materials PLC (VNTR) opened at $19.65 on Monday. Venator Materials PLC has a fifty-two week low of $17.85 and a fifty-two week high of $26.90. The company has a quick ratio of 1.08, a current ratio of 1.77 and a debt-to-equity ratio of 0.67.
Venator Materials (NYSE:VNTR) last issued its quarterly earnings results on Friday, February 23rd. The company reported $0.61 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.05). The business 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. research analysts expect that Venator Materials PLC will post 3.14 EPS for the current year.
Venator Materials Company 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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