Venator Materials (VNTR) Sees Large Volume Increase
Shares of Venator Materials PLC (NYSE:VNTR) saw unusually-high trading volume on Tuesday . Approximately 349,200 shares traded hands during trading, a decline of 63% from the previous session’s volume of 944,229 shares.The stock last traded at $22.12 and had previously closed at $22.26.
VNTR has been the topic of several recent research reports. Zacks Investment Research raised shares of Venator Materials from a “hold” rating to a “strong-buy” rating and set a $26.00 price objective on the stock in a research report on Tuesday, October 10th. UBS Group raised their price objective on shares of Venator Materials from $22.00 to $27.00 and gave the company a “neutral” rating in a research report on Monday, October 30th. Royal Bank of Canada reaffirmed a “buy” rating and set a $28.00 price objective on shares of Venator Materials in a research report on Wednesday, October 18th. Instinet reaffirmed a “buy” rating and set a $26.00 price objective (up previously from $24.00) on shares of Venator Materials in a research report on Friday, October 13th. Finally, Vertical Research initiated coverage on shares of Venator Materials in a research report on Monday, October 23rd. They set a “buy” rating and a $28.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Venator Materials presently has a consensus rating of “Buy” and an average price target of $27.47.
The stock has a market capitalization of $2,460.00 and a PE ratio of 42.02. The company has a current ratio of 2.03, a quick ratio of 1.25 and a debt-to-equity ratio of 0.74.
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 shares were sold at an average price of $21.66, for a total value of $471,425,568.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Institutional investors have recently made changes to their positions in the company. Engineers Gate Manager LP acquired a new stake in shares of Venator Materials in the third quarter worth $1,533,000. First Trust Advisors LP acquired a new stake in shares of Venator Materials in the third quarter worth $1,863,000. Sei Investments Co. acquired a new stake in shares of Venator Materials in the third quarter worth $2,854,000. Jennison Associates LLC acquired a new stake in shares of Venator Materials in the third quarter worth $47,734,000. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Venator Materials in the third quarter worth $28,675,000. Institutional investors and hedge funds own 23.20% of the company’s stock.
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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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