Cramer Rosenthal Mcglynn LLC Takes $11.58 Million Position in Venator Materials PLC (VNTR)

Cramer Rosenthal Mcglynn LLC acquired a new stake in Venator Materials PLC (NYSE:VNTR) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 512,215 shares of the company’s stock, valued at approximately $11,576,000. Cramer Rosenthal Mcglynn LLC owned 0.48% of Venator Materials as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Jennison Associates LLC acquired a new position in shares of Venator Materials in the 3rd quarter valued at about $47,734,000. Macquarie Group Ltd. purchased a new stake in Venator Materials during the 3rd quarter worth approximately $40,841,000. Victory Capital Management Inc. purchased a new stake in Venator Materials during the 3rd quarter worth approximately $33,036,000. Citadel Advisors LLC purchased a new stake in Venator Materials during the 3rd quarter worth approximately $24,288,000. Finally, OxFORD Asset Management LLP purchased a new stake in Venator Materials during the 3rd quarter worth approximately $15,580,000. 23.20% of the stock is owned by institutional investors and hedge funds.

In other Venator Materials news, major shareholder Corp Huntsman sold 21,764,800 shares of Venator Materials stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $21.66, for a total value of $471,425,568.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Venator Materials PLC (NYSE VNTR) traded down $1.23 on Thursday, hitting $20.58. 3,674,800 shares of the stock were exchanged, compared to its average volume of 944,969. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.03 and a quick ratio of 1.25. Venator Materials PLC has a fifty-two week low of $17.85 and a fifty-two week high of $26.90.

Venator Materials (NYSE:VNTR) last issued its quarterly earnings data on Friday, October 27th. The company reported $0.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.25. The business had revenue of $582.00 million for the quarter, compared to analysts’ expectations of $568.31 million. Venator Materials’s revenue for the quarter was up 9.4% on a year-over-year basis. sell-side analysts expect that Venator Materials PLC will post 2.04 earnings per share for the current fiscal year.

Several equities research analysts have commented on VNTR shares. Zacks Investment Research lowered Venator Materials from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 15th. UBS initiated coverage on Venator Materials in a report on Monday, August 28th. They issued a “neutral” rating and a $22.00 price objective on the stock. Royal Bank Of Canada reiterated a “buy” rating and issued a $28.00 price objective on shares of Venator Materials in a report on Wednesday, October 18th. SunTrust Banks initiated coverage on Venator Materials in a report on Monday, August 28th. They issued a “buy” rating and a $25.00 price objective on the stock. Finally, Nomura upped their price target on Venator Materials from $24.00 to $26.00 and gave the stock a “buy” rating in a research note on Tuesday, October 10th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $27.47.

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About Venator Materials

Venator Materials PLC is a manufacturer and marketer of chemical products. The Company is engaged in manufacturing titanium dioxide (TiO2), functional additives, color pigments, timber treatment and water treatment products. It operates through two segments: Titanium Dioxide and Performance Additives.

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

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