Point72 Asset Management L.P. Acquires Shares of 1,268,800 Venator Materials PLC (VNTR)

Point72 Asset Management L.P. acquired a new position in Venator Materials PLC (NYSE:VNTR) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,268,800 shares of the company’s stock, valued at approximately $28,675,000. Point72 Asset Management L.P. owned about 1.19% of Venator Materials as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. First Trust Advisors LP purchased a new position in Venator Materials during the third quarter valued at approximately $1,863,000. Jennison Associates LLC purchased a new position in Venator Materials during the third quarter valued at approximately $47,734,000. Sei Investments Co. purchased a new position in Venator Materials during the third quarter valued at approximately $2,854,000. Victory Capital Management Inc. purchased a new position in Venator Materials during the third quarter valued at approximately $33,036,000. Finally, Macquarie Group Ltd. purchased a new position in Venator Materials during the third quarter valued at approximately $40,841,000. Hedge funds and other institutional investors own 23.20% of the company’s stock.

Venator Materials PLC (NYSE VNTR) traded down $0.05 during trading on Wednesday, hitting $20.73. The stock had a trading volume of 1,001,500 shares, compared to its average volume of 969,420. Venator Materials PLC has a 1-year low of $17.85 and a 1-year high of $26.90. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.03 and a quick ratio of 1.25.

Venator Materials (NYSE:VNTR) last issued its quarterly earnings results on Friday, October 27th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.25. The firm had revenue of $582.00 million during the quarter, compared to analyst estimates of $568.31 million. The firm’s revenue was up 9.4% compared to the same quarter last year. equities analysts predict that Venator Materials PLC will post 2.05 EPS for the current fiscal year.

VNTR has been the subject of a number of recent analyst reports. Nomura boosted their price objective on Venator Materials from $24.00 to $26.00 and gave the company a “buy” rating in a research report on Tuesday, October 10th. Citigroup initiated coverage on Venator Materials in a research report on Tuesday, August 29th. They issued a “buy” rating and a $24.00 price objective for the company. Bank of America restated a “buy” rating and issued a $23.00 price objective on shares of Venator Materials in a research report on Monday, August 28th. Deutsche Bank restated a “buy” rating and issued a $24.00 price objective on shares of Venator Materials in a research report on Monday, August 28th. Finally, Instinet initiated coverage on Venator Materials in a research report on Monday, August 28th. They issued a “buy” rating and a $24.00 price objective for the company. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $27.47.

In other news, major shareholder Corp Huntsman sold 21,764,800 shares of Venator Materials stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $21.66, for a total value of $471,425,568.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

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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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Institutional Ownership by Quarter for Venator Materials (NYSE:VNTR)

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