Zimmer Partners LP increased its position in shares of Venator Materials PLC (NYSE:VNTR) by 104.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,129,000 shares of the company’s stock after acquiring an additional 2,112,060 shares during the period. Venator Materials comprises 2.2% of Zimmer Partners LP’s investment portfolio, making the stock its 16th biggest position. Zimmer Partners LP owned approximately 3.89% of Venator Materials worth $91,333,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Jennison Associates LLC lifted its stake in Venator Materials by 47.5% during the 4th quarter. Jennison Associates LLC now owns 3,116,076 shares of the company’s stock worth $68,928,000 after acquiring an additional 1,003,972 shares in the last quarter. Luminus Management LLC raised its position in Venator Materials by 192.9% in the 4th quarter. Luminus Management LLC now owns 2,203,174 shares of the company’s stock valued at $48,734,000 after purchasing an additional 1,450,910 shares in the last quarter. Victory Capital Management Inc. raised its position in Venator Materials by 24.9% in the 4th quarter. Victory Capital Management Inc. now owns 1,825,294 shares of the company’s stock valued at $40,376,000 after purchasing an additional 363,550 shares in the last quarter. Macquarie Group Ltd. acquired a new stake in Venator Materials in the 3rd quarter valued at about $40,841,000. Finally, Cramer Rosenthal Mcglynn LLC increased its holdings in shares of Venator Materials by 248.1% in the 4th quarter. Cramer Rosenthal Mcglynn LLC now owns 1,782,911 shares of the company’s stock valued at $39,438,000 after acquiring an additional 1,270,696 shares during the last quarter. 45.37% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Kathy Dawn Patrick purchased 4,500 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were purchased at an average price of $20.45 per share, for a total transaction of $92,025.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Peter R. Huntsman acquired 10,000 shares of the firm’s stock in a transaction on Wednesday, February 28th. The shares were bought at an average cost of $19.44 per share, with a total value of $194,400.00. The disclosure for this purchase can be found here.
Venator Materials (NYSE:VNTR) last released its quarterly earnings results on Friday, February 23rd. The company reported $0.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.05). The company had revenue of $528.00 million during the quarter, compared to analysts’ expectations of $539.36 million. The company’s quarterly revenue was up 7.5% on a year-over-year basis. analysts predict that Venator Materials PLC will post 3.14 earnings per share for the current year.
A number of research analysts have recently commented on VNTR shares. Morgan Stanley started coverage on Venator Materials in a report on Tuesday, January 30th. They issued an “equal weight” rating and a $25.00 price objective on the stock. Goldman Sachs Group downgraded Venator Materials from a “buy” rating to a “neutral” rating and set a $27.00 price objective on the stock. in a report on Wednesday, December 6th. Zacks Investment Research downgraded Venator Materials from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 15th. Barclays reiterated an “equal weight” rating and issued a $25.00 price objective (down previously from $27.00) on shares of Venator Materials in a report on Monday, February 26th. Finally, Alembic Global Advisors reiterated a “buy” rating and issued a $32.00 price objective on shares of Venator Materials in a report on Monday, November 20th. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $27.19.
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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