Citadel Advisors LLC Increases Holdings in Venator Materials PLC (NYSE:VNTR)
Citadel Advisors LLC lifted its position in shares of Venator Materials PLC (NYSE:VNTR) by 6.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,140,149 shares of the company’s stock after acquiring an additional 65,447 shares during the quarter. Citadel Advisors LLC owned approximately 1.07% of Venator Materials worth $25,220,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in VNTR. Oppenheimer Asset Management Inc. bought a new stake in Venator Materials in the 3rd quarter valued at about $103,000. Wells Fargo & Company MN increased its holdings in 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 purchasing an additional 5,688 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in Venator Materials during the 4th quarter worth approximately $248,000. Jane Street Group LLC bought a new stake in Venator Materials during the 3rd quarter worth approximately $255,000. Finally, Bank of New York Mellon Corp bought a new stake in Venator Materials during the 3rd quarter worth approximately $297,000. 45.37% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have recently weighed in on the company. Morgan Stanley assumed coverage on Venator Materials in a research note on Tuesday, January 30th. They issued an “equal weight” rating and a $25.00 target price on the stock. Goldman Sachs Group downgraded Venator Materials from a “buy” rating to a “neutral” rating and set a $27.00 target price on the stock. in a research note on Wednesday, December 6th. Zacks Investment Research downgraded Venator Materials from a “strong-buy” rating to a “hold” rating in a research note 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 research note on Monday, February 26th. Finally, Alembic Global Advisors restated a “buy” rating and set a $32.00 target price on shares of Venator Materials in a research report on Monday, November 20th. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Venator Materials currently has a consensus rating of “Buy” and a consensus target price of $27.19.
Shares of Venator Materials PLC (NYSE:VNTR) opened at $19.46 on Thursday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.08 and a current ratio of 1.77. Venator Materials PLC has a 1-year low of $17.85 and a 1-year high of $26.90. The firm has a market cap of $2,070.00 and a PE ratio of 11.94.
Venator Materials (NYSE:VNTR) last issued its quarterly earnings data on Friday, February 23rd. The company reported $0.61 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by ($0.05). The business had revenue of $528.00 million for the quarter, compared to analyst estimates of $539.36 million. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. research analysts predict that Venator Materials PLC will post 3.14 EPS for the current year.
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Venator Materials 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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