Geode Capital Management LLC acquired a new stake in shares of Venator Materials (NYSE:VNTR) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 294,393 shares of the company’s stock, valued at approximately $6,511,000. Geode Capital Management LLC owned 0.28% of Venator Materials as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. acquired a new position in shares of Venator Materials during the 3rd quarter valued at $103,000. Wells Fargo & Company MN lifted its holdings in shares of Venator Materials by 81,257.1% during the 4th quarter. Wells Fargo & Company MN now owns 5,695 shares of the company’s stock valued at $126,000 after acquiring an additional 5,688 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of Venator Materials by 9.2% during the 4th quarter. First Trust Advisors LP now owns 90,019 shares of the company’s stock valued at $1,991,000 after acquiring an additional 7,607 shares in the last quarter. Teacher Retirement System of Texas acquired a new position in shares of Venator Materials during the 4th quarter valued at $248,000. Finally, Jane Street Group LLC acquired a new position in shares of Venator Materials during the 3rd quarter valued at $255,000. 45.37% of the stock is owned by institutional investors.
Several equities analysts recently weighed in on VNTR shares. BMO Capital Markets started coverage on shares of Venator Materials in a report on Tuesday, March 27th. They set an “outperform” rating and a $28.00 target price on the stock. Barclays reiterated an “equal weight” rating and issued a $25.00 price objective (down previously from $27.00) on shares of Venator Materials in a report on Monday, February 26th. Zacks Investment Research lowered shares of Venator Materials from a “buy” rating to a “hold” rating in a report on Thursday, March 1st. Morgan Stanley began coverage on shares of Venator Materials in a report on Tuesday, January 30th. They issued an “equal weight” rating and a $25.00 price objective on the stock. Finally, Citigroup boosted their price objective on shares of Venator Materials from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, April 10th. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Venator Materials currently has an average rating of “Buy” and a consensus target price of $27.29.
Venator Materials (NYSE:VNTR) last issued its earnings results on Friday, February 23rd. The company reported $0.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.05). The firm had revenue of $528.00 million for the quarter, compared to analyst estimates of $539.36 million. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. sell-side analysts forecast that Venator Materials will post 3.14 EPS for the current fiscal year.
In related news, Director Kathy Dawn Patrick bought 4,500 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were acquired at an average price of $20.45 per share, for a total transaction of $92,025.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Peter R. Huntsman bought 10,000 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was bought at an average price of $19.44 per share, for a total transaction of $194,400.00. The disclosure for this purchase can be found here.
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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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