Venator Materials (NYSE:VNTR) Stock Price Down 7.6%

Venator Materials PLC (NYSE:VNTR) shares fell 7.6% on Thursday . The company traded as low as $3.49 and last traded at $3.54, 1,854,259 shares changed hands during trading. An increase of 140% from the average session volume of 771,757 shares. The stock had previously closed at $3.83.

A number of research firms recently weighed in on VNTR. Citigroup lowered shares of Venator Materials from a “buy” rating to a “neutral” rating and dropped their price target for the company from $7.50 to $4.50 in a research report on Friday, July 12th. Morgan Stanley set a $6.00 price target on shares of Venator Materials and gave the company a “hold” rating in a research report on Wednesday, June 19th. Finally, Royal Bank of Canada raised shares of Venator Materials from a “sector perform” rating to an “outperform” rating and raised their price target for the company from $7.00 to $9.00 in a research report on Thursday, April 18th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $15.05.

The company has a quick ratio of 1.15, a current ratio of 2.18 and a debt-to-equity ratio of 0.89. The company’s 50-day moving average price is $4.65. The stock has a market capitalization of $407.51 million, a P/E ratio of 1.40, a P/E/G ratio of 0.65 and a beta of 2.34.

Venator Materials (NYSE:VNTR) last announced its quarterly earnings data on Thursday, May 9th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.10 by $0.03. The business had revenue of $562.00 million for the quarter, compared to analyst estimates of $561.44 million. Venator Materials had a negative net margin of 11.07% and a positive return on equity of 15.64%. The company’s revenue for the quarter was down 9.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.85 earnings per share. As a group, research analysts anticipate that Venator Materials PLC will post 0.56 EPS for the current fiscal year.

In related news, Director Kathy Dawn Patrick acquired 10,500 shares of the stock in a transaction on Wednesday, May 29th. The shares were acquired at an average price of $4.47 per share, with a total value of $46,935.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.31% of the company’s stock.

A number of hedge funds have recently made changes to their positions in VNTR. Legal & General Group Plc raised its position in Venator Materials by 229.2% in the fourth quarter. Legal & General Group Plc now owns 34,958 shares of the company’s stock worth $146,000 after acquiring an additional 24,339 shares during the period. Bank of New York Mellon Corp raised its position in Venator Materials by 22.8% in the fourth quarter. Bank of New York Mellon Corp now owns 44,887 shares of the company’s stock worth $188,000 after acquiring an additional 8,322 shares during the period. Quantitative Systematic Strategies LLC raised its position in Venator Materials by 187.6% in the second quarter. Quantitative Systematic Strategies LLC now owns 37,243 shares of the company’s stock worth $197,000 after acquiring an additional 24,294 shares during the period. LPL Financial LLC raised its position in Venator Materials by 18.5% in the fourth quarter. LPL Financial LLC now owns 48,379 shares of the company’s stock worth $203,000 after acquiring an additional 7,568 shares during the period. Finally, Systematic Financial Management LP bought a new stake in Venator Materials in the first quarter worth about $293,000. 44.08% of the stock is currently owned by institutional investors and hedge funds.

Venator Materials Company Profile (NYSE:VNTR)

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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