Venator Materials (VNTR) Shares Down 7.7%

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Venator Materials PLC (NYSE:VNTR)’s share price dropped 7.7% during trading on Thursday . The company traded as low as $5.22 and last traded at $5.24. Approximately 826,786 shares traded hands during trading, a decline of 3% from the average daily volume of 856,710 shares. The stock had previously closed at $5.68.

Several equities research analysts have issued reports on the stock. Citigroup reissued a “buy” rating and issued a $7.50 price objective on shares of Venator Materials in a research report on Friday, February 22nd. UBS Group raised shares of Venator Materials from a “neutral” rating to a “buy” rating and set a $7.00 price objective for the company in a research report on Wednesday, February 6th. ValuEngine raised shares of Venator Materials from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Finally, Zacks Investment Research raised shares of Venator Materials from a “sell” rating to a “hold” rating in a research report on Saturday, January 5th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $17.14.

The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.08 and a current ratio of 2.07. The firm has a market cap of $604.35 million, a P/E ratio of 2.38, a PEG ratio of 1.09 and a beta of 1.89.

Venator Materials (NYSE:VNTR) last posted its quarterly earnings data on Wednesday, February 20th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.03 by $0.15. The firm had revenue of $484.00 million during the quarter, compared to analyst estimates of $480.96 million. Venator Materials had a negative net margin of 7.20% and a positive return on equity of 21.34%. Venator Materials’s revenue was down 8.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.61 EPS. Equities analysts forecast that Venator Materials PLC will post 0.6 earnings per share for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. M&T Bank Corp bought a new position in shares of Venator Materials during the 4th quarter worth approximately $47,000. BlueMountain Capital Management LLC acquired a new position in Venator Materials during the 3rd quarter valued at approximately $171,000. Legal & General Group Plc boosted its holdings in shares of Venator Materials by 229.2% in the 4th quarter. Legal & General Group Plc now owns 34,958 shares of the company’s stock valued at $146,000 after acquiring an additional 24,339 shares during the last quarter. Paloma Partners Management Co boosted its holdings in shares of Venator Materials by 40.7% in the 3rd quarter. Paloma Partners Management Co now owns 40,488 shares of the company’s stock valued at $365,000 after acquiring an additional 11,715 shares during the last quarter. Finally, Caption Management LLC purchased a new stake in shares of Venator Materials in the 4th quarter valued at $184,000. Hedge funds and other institutional investors own 44.88% of the company’s stock.

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Venator Materials Company Profile (NYSE:VNTR)

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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