Schroder Investment Management Group bought a new stake in shares of Venator Materials PLC (NYSE:VNTR) during the 3rd quarter, according to its most recent filing with the SEC. The fund bought 331,819 shares of the company’s stock, valued at approximately $2,987,000. Schroder Investment Management Group owned approximately 0.31% of Venator Materials as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. Signition LP acquired a new stake in shares of Venator Materials during the 3rd quarter valued at about $129,000. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Venator Materials during the 2nd quarter valued at about $215,000. Creative Planning boosted its position in shares of Venator Materials by 137.9% during the 3rd quarter. Creative Planning now owns 33,300 shares of the company’s stock valued at $300,000 after acquiring an additional 19,300 shares in the last quarter. NJ State Employees Deferred Compensation Plan boosted its position in shares of Venator Materials by 21.1% during the 3rd quarter. NJ State Employees Deferred Compensation Plan now owns 46,000 shares of the company’s stock valued at $414,000 after acquiring an additional 8,000 shares in the last quarter. Finally, GAM Holding AG acquired a new stake in shares of Venator Materials during the 2nd quarter valued at about $428,000. Institutional investors and hedge funds own 41.45% of the company’s stock.
In related news, Director Kathy Dawn Patrick bought 20,000 shares of the company’s stock in a transaction on Wednesday, October 31st. The stock was bought at an average cost of $6.76 per share, with a total value of $135,200.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.31% of the company’s stock.
Several equities analysts recently issued reports on VNTR shares. UBS Group cut their price target on shares of Venator Materials from $20.00 to $14.00 and set a “neutral” rating for the company in a report on Friday, August 10th. ValuEngine raised shares of Venator Materials from a “strong sell” rating to a “sell” rating in a report on Thursday, August 23rd. MED reissued a “buy” rating and set a $32.00 price target on shares of Venator Materials in a report on Wednesday, August 29th. Royal Bank of Canada downgraded shares of Venator Materials from an “outperform” rating to a “sector perform” rating in a report on Thursday, September 13th. Finally, Nomura cut their price target on shares of Venator Materials from $13.00 to $12.00 and set a “neutral” rating for the company in a report on Thursday, September 13th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $20.23.
Shares of NYSE VNTR opened at $3.98 on Friday. Venator Materials PLC has a 1-year low of $3.95 and a 1-year high of $24.31. The stock has a market capitalization of $456.46 million, a price-to-earnings ratio of 1.63, a P/E/G ratio of 0.24 and a beta of 1.51. The company has a quick ratio of 1.34, a current ratio of 2.27 and a debt-to-equity ratio of 0.76.
Venator Materials (NYSE:VNTR) last announced its earnings results on Tuesday, October 30th. The company reported $0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.01). Venator Materials had a positive return on equity of 24.15% and a negative net margin of 1.13%. The company had revenue of $533.00 million during the quarter, compared to the consensus estimate of $577.99 million. During the same period in the prior year, the firm posted $0.70 earnings per share. The company’s revenue was down 8.4% on a year-over-year basis. On average, equities research analysts anticipate that Venator Materials PLC will post 2.04 earnings per share for the current year.
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Venator Materials Profile
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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