Investors Buy Large Volume of Venator Materials Call Options (NYSE:VNTR)


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Venator Materials PLC (NYSE:VNTR) was the recipient of some unusual options trading on Tuesday. Traders purchased 3,088 call options on the company. This is an increase of 3,151% compared to the average daily volume of 95 call options.

VNTR opened at $4.32 on Thursday. Venator Materials has a 52-week low of $1.12 and a 52-week high of $5.00. The firm has a market capitalization of $460.34 million, a PE ratio of -2.25 and a beta of 1.79. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.58 and a current ratio of 2.90. The business’s 50-day simple moving average is $3.17 and its 200 day simple moving average is $2.26.

Venator Materials (NYSE:VNTR) last released its earnings results on Thursday, November 5th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.05). Venator Materials had a positive return on equity of 0.99% and a negative net margin of 10.36%. The company had revenue of $474.00 million for the quarter, compared to the consensus estimate of $462.76 million. On average, research analysts forecast that Venator Materials will post -0.16 earnings per share for the current year.

In other Venator Materials news, major shareholder Corp Huntsman sold 42,429,807 shares of the business’s stock in a transaction dated Wednesday, December 23rd. The stock was sold at an average price of $2.15, for a total value of $91,224,085.05. The transaction 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.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Beech Hill Advisors Inc. bought a new stake in Venator Materials during the third quarter worth about $58,000. UBS Group AG raised its stake in Venator Materials by 9,195.6% in the second quarter. UBS Group AG now owns 44,526 shares of the company’s stock valued at $80,000 after buying an additional 44,047 shares during the period. Acadian Asset Management LLC raised its stake in Venator Materials by 64.8% in the third quarter. Acadian Asset Management LLC now owns 55,745 shares of the company’s stock valued at $108,000 after buying an additional 21,918 shares during the period. PNC Financial Services Group Inc. raised its stake in Venator Materials by 37.3% in the second quarter. PNC Financial Services Group Inc. now owns 92,000 shares of the company’s stock valued at $165,000 after buying an additional 25,000 shares during the period. Finally, California Public Employees Retirement System raised its stake in Venator Materials by 182.3% in the second quarter. California Public Employees Retirement System now owns 109,261 shares of the company’s stock valued at $196,000 after buying an additional 70,561 shares during the period. Institutional investors and hedge funds own 35.65% of the company’s stock.

A number of research firms have issued reports on VNTR. Bank of America raised Venator Materials from an “underperform” rating to a “buy” rating and boosted their target price for the company from $1.75 to $4.00 in a research note on Monday, November 30th. UBS Group upped their price objective on Venator Materials from $1.85 to $2.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 6th. Morgan Stanley upped their price objective on Venator Materials from $2.00 to $3.75 and gave the stock an “equal weight” rating in a research report on Monday, December 14th. BidaskClub raised Venator Materials from a “buy” rating to a “strong-buy” rating in a research report on Thursday, January 7th. Finally, BMO Capital Markets reduced their price objective on Venator Materials from $2.35 to $2.12 and set a “market perform” rating for the company in a research report on Friday, November 6th. Seven research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $2.72.

Venator Materials Company Profile

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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