Acadian Asset Management LLC Purchases New Stake in Venator Materials PLC (VNTR)
Acadian Asset Management LLC purchased a new stake in Venator Materials PLC (NYSE:VNTR) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 41,882 shares of the company’s stock, valued at approximately $926,000.
Several other large investors have also modified their holdings of the company. Oppenheimer Asset Management Inc. acquired a new stake in Venator Materials during the third quarter worth about $103,000. Jane Street Group LLC acquired a new stake in Venator Materials during the third quarter worth about $255,000. Bank of New York Mellon Corp acquired a new stake in Venator Materials during the third quarter worth about $297,000. Russell Investments Group Ltd. acquired a new stake in Venator Materials during the third quarter worth about $505,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in Venator Materials during the third quarter worth about $512,000. 23.32% of the stock is currently owned by institutional investors.
In other Venator Materials news, major shareholder Corp Huntsman sold 21,764,800 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $21.66, for a total transaction of $471,425,568.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of equities research analysts recently weighed in on VNTR shares. Zacks Investment Research raised Venator Materials from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a research report on Thursday, October 26th. Bank of America raised their price target on shares of Venator Materials from $23.00 to $28.00 and gave the stock a “buy” rating in a research note on Tuesday, October 31st. Instinet restated a “buy” rating and set a $26.00 price target (up previously from $24.00) on shares of Venator Materials in a research note on Friday, October 13th. Goldman Sachs Group cut shares of Venator Materials from a “buy” rating to a “neutral” rating and set a $27.00 price target for the company. in a research note on Wednesday, December 6th. Finally, Royal Bank of Canada restated a “buy” rating and set a $28.00 price target on shares of Venator Materials in a research note on Wednesday, October 18th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Venator Materials currently has a consensus rating of “Buy” and a consensus price target of $27.31.
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Venator Materials Profile
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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