Venator Materials PLC (NYSE:VNTR) was the target of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 1,242,285 shares, an increase of 40.9% from the October 13th total of 881,884 shares. Currently, 4.8% of the company’s shares are short sold. Based on an average daily volume of 669,153 shares, the short-interest ratio is currently 1.9 days.
Several institutional investors and hedge funds have recently added to or reduced their stakes in VNTR. First Trust Advisors LP purchased a new position in Venator Materials during the 3rd quarter worth approximately $1,863,000. Jennison Associates LLC purchased a new position in Venator Materials during the 3rd quarter worth approximately $47,734,000. Victory Capital Management Inc. purchased a new position in Venator Materials during the 3rd quarter worth approximately $33,036,000. Macquarie Group Ltd. purchased a new position in Venator Materials during the 3rd quarter worth approximately $40,841,000. Finally, Citadel Advisors LLC purchased a new position in Venator Materials during the 3rd quarter worth approximately $24,288,000. Institutional investors and hedge funds own 23.20% of the company’s stock.
Venator Materials (VNTR) traded up $0.09 on Monday, hitting $22.23. The stock had a trading volume of 3,066,958 shares, compared to its average volume of 903,728. Venator Materials has a fifty-two week low of $17.85 and a fifty-two week high of $26.90. The company has a current ratio of 2.03, a quick ratio of 1.25 and a debt-to-equity ratio of 0.74.
Venator Materials (NYSE:VNTR) last released its quarterly earnings data on Friday, October 27th. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.25. The business had revenue of $582.00 million during the quarter, compared to analysts’ expectations of $568.31 million. The company’s quarterly revenue was up 9.4% on a year-over-year basis. research analysts expect that Venator Materials will post 2.04 earnings per share for the current year.
VNTR has been the topic of several recent analyst reports. Zacks Investment Research raised Venator Materials from a “hold” rating to a “strong-buy” rating and set a $26.00 price target on the stock in a research note on Tuesday, October 10th. Barclays began coverage on Venator Materials in a research note on Monday, August 28th. They issued an “equal weight” rating and a $22.00 price target on the stock. Jefferies Group began coverage on Venator Materials in a research note on Monday, August 7th. They set a “buy” rating and a $25.00 target price on the stock. Bank of America reissued a “buy” rating and set a $23.00 target price on shares of Venator Materials in a research note on Monday, August 28th. Finally, SunTrust Banks began coverage on Venator Materials in a research note on Monday, August 28th. They set a “buy” rating and a $25.00 target price on the stock. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Venator Materials presently has an average rating of “Buy” and a consensus target price of $27.33.
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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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