Engineers Gate Manager LP cut its stake in Venator Materials PLC (NYSE:VNTR) by 77.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,077 shares of the company’s stock after selling 52,764 shares during the quarter. Engineers Gate Manager LP’s holdings in Venator Materials were worth $334,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. acquired a new position in shares of Venator Materials in the 3rd quarter valued at approximately $103,000. Jane Street Group LLC acquired a new position in shares of Venator Materials in the 3rd quarter valued at approximately $255,000. Bank of New York Mellon Corp acquired a new position in shares of Venator Materials in the 3rd quarter valued at approximately $297,000. Russell Investments Group Ltd. acquired a new position in shares of Venator Materials in the 3rd quarter valued at approximately $505,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Venator Materials in the 3rd quarter valued at approximately $512,000. 25.25% of the stock is owned by institutional investors.
In other Venator Materials news, major shareholder Corp Huntsman sold 1,948,955 shares of the company’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $21.66, for a total transaction of $42,214,365.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Venator Materials PLC (NYSE VNTR) opened at $21.86 on Thursday. Venator Materials PLC has a 12-month low of $17.85 and a 12-month high of $26.90. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.25 and a current ratio of 2.03. The firm has a market capitalization of $2,320.00 and a P/E ratio of 39.75.
VNTR has been the subject of several research analyst reports. Zacks Investment Research upgraded Venator Materials from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research report on Thursday, October 26th. Bank of America boosted their price objective on Venator Materials from $23.00 to $28.00 and gave the company a “buy” rating in a research report on Tuesday, October 31st. Goldman Sachs Group lowered Venator Materials from a “buy” rating to a “neutral” rating and set a $27.00 price objective for the company. in a research report on Wednesday, December 6th. Royal Bank of Canada reiterated a “buy” rating and issued a $28.00 price objective on shares of Venator Materials in a research report on Wednesday, October 18th. Finally, SunTrust Banks upped their price target on Venator Materials from $27.00 to $29.00 and gave the stock a “buy” rating in a research report on Monday, October 30th. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Venator Materials has an average rating of “Buy” and an average price target of $27.31.
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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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