Clearbridge Investments LLC cut its stake in Venator Materials PLC (NYSE:VNTR) by 12.3% in the first quarter, Holdings Channel reports. The firm owned 2,520,442 shares of the company’s stock after selling 355,035 shares during the period. Clearbridge Investments LLC’s holdings in Venator Materials were worth $4,335,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. California Public Employees Retirement System lifted its stake in Venator Materials by 225.5% during the 4th quarter. California Public Employees Retirement System now owns 46,914 shares of the company’s stock valued at $180,000 after acquiring an additional 32,500 shares during the period. Victory Capital Management Inc. lifted its stake in Venator Materials by 139.7% during the 4th quarter. Victory Capital Management Inc. now owns 180,991 shares of the company’s stock valued at $496,000 after acquiring an additional 105,498 shares during the period. Swiss National Bank lifted its stake in Venator Materials by 5.3% during the 4th quarter. Swiss National Bank now owns 102,000 shares of the company’s stock valued at $391,000 after acquiring an additional 5,100 shares during the period. PNC Financial Services Group Inc. lifted its stake in Venator Materials by 3,250.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 67,000 shares of the company’s stock valued at $257,000 after acquiring an additional 65,000 shares during the period. Finally, M&T Bank Corp lifted its stake in Venator Materials by 28.5% during the 4th quarter. M&T Bank Corp now owns 53,786 shares of the company’s stock valued at $206,000 after acquiring an additional 11,914 shares during the period. Institutional investors own 36.50% of the company’s stock.

In related news, Director Douglas Delano Anderson purchased 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was bought at an average price of $1.30 per share, with a total value of $26,000.00. Following the acquisition, the director now owns 25,300 shares in the company, valued at $32,890. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.40% of the stock is currently owned by insiders.

Several equities analysts have recently weighed in on the stock. BMO Capital Markets lowered shares of Venator Materials from an “outperform” rating to a “market perform” rating and set a $1.60 target price for the company. in a report on Tuesday, April 21st. ValuEngine raised shares of Venator Materials from a “sell” rating to a “hold” rating in a report on Tuesday, May 19th. Zacks Investment Research raised shares of Venator Materials from a “hold” rating to a “buy” rating and set a $1.50 target price for the company in a report on Thursday, June 4th. Jefferies Financial Group lowered shares of Venator Materials from a “buy” rating to a “hold” rating and set a $2.00 target price for the company. in a report on Monday, March 23rd. Finally, SunTrust Banks cut their target price on shares of Venator Materials from $7.00 to $5.00 and set a “buy” rating for the company in a report on Thursday, May 7th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $2.68.

Shares of NYSE VNTR opened at $1.82 on Tuesday. The firm has a market cap of $170.50 million, a PE ratio of -1.18 and a beta of 1.66. The firm has a fifty day moving average of $1.71 and a 200 day moving average of $2.39. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.99 and a current ratio of 2.00. Venator Materials PLC has a one year low of $1.12 and a one year high of $5.53.

Venator Materials (NYSE:VNTR) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.12. The company had revenue of $532.00 million during the quarter, compared to analyst estimates of $523.20 million. Venator Materials had a negative net margin of 7.86% and a positive return on equity of 3.13%. On average, equities analysts predict that Venator Materials PLC will post -0.05 EPS for the current fiscal year.

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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