Russell Investments Group Ltd. cut its position in shares of Venator Materials PLC (NYSE:VNTR) by 28.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 97,486 shares of the company’s stock after selling 38,238 shares during the period. Russell Investments Group Ltd. owned 0.09% of Venator Materials worth $516,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Acadian Asset Management LLC purchased a new stake in Venator Materials during the second quarter worth $390,000. Clearbridge Investments LLC raised its position in Venator Materials by 3.4% during the first quarter. Clearbridge Investments LLC now owns 2,762,543 shares of the company’s stock worth $15,525,000 after acquiring an additional 91,270 shares during the period. WINTON GROUP Ltd raised its position in Venator Materials by 4.1% during the second quarter. WINTON GROUP Ltd now owns 71,302 shares of the company’s stock worth $377,000 after acquiring an additional 2,792 shares during the period. Marshall Wace North America L.P. raised its position in Venator Materials by 695.9% during the first quarter. Marshall Wace North America L.P. now owns 114,412 shares of the company’s stock worth $642,000 after acquiring an additional 100,036 shares during the period. Finally, GSA Capital Partners LLP acquired a new position in Venator Materials during the second quarter worth $858,000. 43.21% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms have weighed in on VNTR. Morgan Stanley set a $6.00 price objective on shares of Venator Materials and gave the stock a “hold” rating in a research report on Wednesday, June 19th. Bank of America upgraded shares of Venator Materials from an “underperform” rating to a “buy” rating in a research report on Friday, August 16th. Citigroup cut shares of Venator Materials from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $7.50 to $4.50 in a research report on Friday, July 12th. UBS Group set a $7.00 price objective on shares of Venator Materials and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Finally, BMO Capital Markets reduced their price objective on shares of Venator Materials from $8.00 to $7.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Venator Materials currently has a consensus rating of “Buy” and a consensus price target of $9.13.
Venator Materials (NYSE:VNTR) last issued its earnings results on Tuesday, August 6th. The company reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.04). The business had revenue of $578.00 million during the quarter, compared to analyst estimates of $585.27 million. Venator Materials had a negative net margin of 19.42% and a positive return on equity of 9.02%. Venator Materials’s quarterly revenue was down 7.7% on a year-over-year basis. During the same quarter last year, the company earned $0.85 earnings per share. Analysts predict that Venator Materials PLC will post 0.34 EPS for the current fiscal year.
In other Venator Materials news, insider Kurt Ogden bought 15,000 shares of Venator Materials stock in a transaction dated Monday, August 12th. The stock was acquired at an average cost of $2.23 per share, for a total transaction of $33,450.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kathy Dawn Patrick bought 60,000 shares of Venator Materials stock in a transaction dated Wednesday, August 7th. The stock was acquired at an average price of $2.69 per share, with a total value of $161,400.00. The disclosure for this purchase can be found here. Insiders bought 130,300 shares of company stock valued at $338,303 over the last quarter. Company insiders own 0.66% of the company’s stock.
Venator Materials Company 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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