Systematic Financial Management LP decreased its holdings in Venator Materials PLC (NYSE:VNTR) by 52.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,815 shares of the company’s stock after selling 27,280 shares during the quarter. Systematic Financial Management LP’s holdings in Venator Materials were worth $131,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Quantitative Systematic Strategies LLC raised its position in Venator Materials by 187.6% in the 2nd quarter. Quantitative Systematic Strategies LLC now owns 37,243 shares of the company’s stock valued at $197,000 after purchasing an additional 24,294 shares during the last quarter. WINTON GROUP Ltd raised its position in Venator Materials by 4.1% in the 2nd quarter. WINTON GROUP Ltd now owns 71,302 shares of the company’s stock valued at $377,000 after purchasing an additional 2,792 shares during the last quarter. Clearbridge Investments LLC raised its position in Venator Materials by 3.4% in the 1st quarter. Clearbridge Investments LLC now owns 2,762,543 shares of the company’s stock valued at $15,525,000 after purchasing an additional 91,270 shares during the last quarter. Marshall Wace North America L.P. raised its position in Venator Materials by 695.9% in the 1st quarter. Marshall Wace North America L.P. now owns 114,412 shares of the company’s stock valued at $642,000 after purchasing an additional 100,036 shares during the last quarter. Finally, MYDA Advisors LLC raised its position in Venator Materials by 41.8% in the 1st quarter. MYDA Advisors LLC now owns 56,700 shares of the company’s stock valued at $319,000 after purchasing an additional 16,700 shares during the last quarter. Hedge funds and other institutional investors own 44.10% of the company’s stock.

Shares of Venator Materials stock opened at $2.10 on Wednesday. The stock has a market cap of $223.44 million, a P/E ratio of 0.95, a P/E/G ratio of 0.48 and a beta of 2.33. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.17 and a current ratio of 2.25. Venator Materials PLC has a one year low of $1.85 and a one year high of $12.60. The stock’s fifty day moving average price is $4.10.

Venator Materials (NYSE:VNTR) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.04). The firm had revenue of $578.00 million for the quarter, compared to analysts’ expectations of $585.27 million. Venator Materials had a positive return on equity of 9.02% and a negative net margin of 19.42%. The firm’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.85 EPS. As a group, equities analysts anticipate that Venator Materials PLC will post 0.49 EPS for the current year.

In other news, Director Kathy Dawn Patrick acquired 60,000 shares of the business’s stock in a transaction on Wednesday, August 7th. The stock was bought at an average price of $2.69 per share, for a total transaction of $161,400.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Simon Turner acquired 40,000 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were purchased at an average price of $2.70 per share, with a total value of $108,000.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 135,500 shares of company stock valued at $374,585. 0.66% of the stock is owned by insiders.

Several analysts recently commented on VNTR shares. Royal Bank of Canada downgraded shares of Venator Materials from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from $8.00 to $3.00 in a research report on Friday, August 9th. Nomura reduced their price target on shares of Venator Materials from $6.00 to $3.50 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. 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. Citigroup downgraded shares of Venator Materials from a “buy” rating to a “neutral” rating and reduced their price target for the company from $7.50 to $4.50 in a research report on Friday, July 12th. Finally, UBS Group set a $7.00 price target on shares of Venator Materials and gave the company a “buy” rating in a research report on Wednesday, August 7th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $13.40.

About Venator Materials

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

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