Penn Capital Management Co. Inc. lifted its position in shares of Venator Materials PLC (NYSE:VNTR) by 3.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 242,576 shares of the company’s stock after acquiring an additional 8,942 shares during the quarter. Penn Capital Management Co. Inc. owned 0.23% of Venator Materials worth $1,016,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. M&T Bank Corp acquired a new position in Venator Materials in the 4th quarter valued at $47,000. Legal & General Group Plc increased its holdings in Venator Materials by 229.2% in the 4th quarter. Legal & General Group Plc now owns 34,958 shares of the company’s stock valued at $146,000 after purchasing an additional 24,339 shares in the last quarter. BlueMountain Capital Management LLC acquired a new stake in Venator Materials in the 3rd quarter valued at $171,000. Caption Management LLC acquired a new stake in Venator Materials in the 4th quarter valued at $184,000. Finally, Bank of New York Mellon Corp increased its holdings in Venator Materials by 22.8% in the 4th quarter. Bank of New York Mellon Corp now owns 44,887 shares of the company’s stock valued at $188,000 after purchasing an additional 8,322 shares in the last quarter. 46.22% of the stock is currently owned by institutional investors and hedge funds.
Several analysts recently issued reports on VNTR shares. Citigroup reiterated a “buy” rating and issued a $7.50 price target on shares of Venator Materials in a report on Friday, February 22nd. UBS Group raised shares of Venator Materials from a “neutral” rating to a “buy” rating and set a $7.00 price objective for the company in a research report on Wednesday, February 6th. ValuEngine raised shares of Venator Materials from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Zacks Investment Research raised shares of Venator Materials from a “sell” rating to a “hold” rating in a research report on Saturday, January 5th. Finally, Royal Bank of Canada raised shares of Venator Materials from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $7.00 to $9.00 in a research report on Thursday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $16.46.
Venator Materials (NYSE:VNTR) last issued its earnings results on Wednesday, February 20th. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.15. The company had revenue of $484.00 million during the quarter, compared to analyst estimates of $480.96 million. Venator Materials had a negative net margin of 7.20% and a positive return on equity of 21.34%. The company’s revenue for the quarter was down 8.3% on a year-over-year basis. During the same quarter last year, the business posted $0.61 EPS. Equities research analysts expect that Venator Materials PLC will post 0.57 earnings per share for the current fiscal 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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