Cramer Rosenthal Mcglynn LLC increased its holdings in Venator Materials PLC (NYSE:VNTR) by 248.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,782,911 shares of the company’s stock after buying an additional 1,270,696 shares during the period. Cramer Rosenthal Mcglynn LLC’s holdings in Venator Materials were worth $39,438,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. bought a new position in Venator Materials in the 3rd quarter worth approximately $1,501,000. Jennison Associates LLC boosted its holdings in Venator Materials by 47.5% in the 4th quarter. Jennison Associates LLC now owns 3,116,076 shares of the company’s stock worth $68,928,000 after buying an additional 1,003,972 shares during the period. Penn Capital Management Co. Inc. boosted its holdings in Venator Materials by 63.0% in the 4th quarter. Penn Capital Management Co. Inc. now owns 770,226 shares of the company’s stock worth $17,081,000 after buying an additional 297,787 shares during the period. Highbridge Capital Management LLC bought a new position in Venator Materials in the 3rd quarter worth approximately $3,013,000. Finally, JPMorgan Chase & Co. bought a new position in Venator Materials in the 3rd quarter worth approximately $6,632,000. 45.37% of the stock is owned by institutional investors.
Venator Materials PLC (VNTR) opened at $19.44 on Tuesday. The company has a quick ratio of 1.08, a current ratio of 1.77 and a debt-to-equity ratio of 0.67. Venator Materials PLC has a fifty-two week low of $17.85 and a fifty-two week high of $26.90. The company has a market cap of $2,100.00 and a price-to-earnings ratio of 11.93.
VNTR has been the subject of several analyst reports. Morgan Stanley initiated coverage on shares of Venator Materials in a report on Tuesday, January 30th. They issued an “equal weight” rating and a $25.00 price objective for the company. Goldman Sachs Group downgraded shares of Venator Materials from a “buy” rating to a “neutral” rating and set a $27.00 price objective for the company. in a report on Wednesday, December 6th. Zacks Investment Research downgraded shares of Venator Materials from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 15th. Barclays reaffirmed an “equal weight” rating and issued a $25.00 price objective (down from $27.00) on shares of Venator Materials in a report on Monday, February 26th. Finally, Alembic Global Advisors reaffirmed a “buy” rating and issued a $32.00 price objective on shares of Venator Materials in a report on Monday, November 20th. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $27.19.
In other news, major shareholder Corp Huntsman sold 1,948,955 shares of the firm’s stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $21.66, for a total transaction of $42,214,365.30. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Peter R. Huntsman acquired 10,000 shares of the stock in a transaction dated Wednesday, February 28th. The shares were bought at an average price of $19.44 per share, for a total transaction of $194,400.00. The disclosure for this purchase can be found here.
About Venator Materials
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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