GAM Holding AG bought a new stake in Venator Materials PLC (NYSE:VNTR) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 26,172 shares of the company’s stock, valued at approximately $428,000.

A number of other large investors have also recently modified their holdings of VNTR. BlackRock Inc. lifted its position in Venator Materials by 8.4% during the first quarter. BlackRock Inc. now owns 1,139,941 shares of the company’s stock worth $20,621,000 after acquiring an additional 88,182 shares during the last quarter. Allianz Asset Management GmbH acquired a new stake in Venator Materials during the first quarter worth approximately $1,300,000. Vaughan Nelson Investment Management L.P. acquired a new stake in Venator Materials during the first quarter worth approximately $36,581,000. General American Investors Co. Inc. acquired a new stake in Venator Materials during the second quarter worth approximately $12,394,000. Finally, Systematic Financial Management LP lifted its position in Venator Materials by 30.8% during the first quarter. Systematic Financial Management LP now owns 1,740,741 shares of the company’s stock worth $31,490,000 after acquiring an additional 409,546 shares during the last quarter. Institutional investors and hedge funds own 39.67% of the company’s stock.

Several equities research analysts have issued reports on VNTR shares. Nomura cut their price objective on shares of Venator Materials from $28.00 to $22.00 and set a “buy” rating for the company in a research report on Thursday, June 28th. Citigroup cut their price objective on shares of Venator Materials from $30.00 to $27.00 and set a “buy” rating for the company in a research report on Wednesday, July 11th. Morgan Stanley cut their price objective on shares of Venator Materials from $25.00 to $19.00 and set a “hold” rating for the company in a research report on Tuesday, July 17th. Vertical Research downgraded shares of Venator Materials from a “buy” rating to a “$16.08” rating in a research report on Wednesday, July 18th. Finally, Bank of America downgraded shares of Venator Materials from a “buy” rating to an “underperform” rating and cut their price objective for the stock from $24.00 to $12.00 in a research report on Wednesday, August 1st. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company’s stock. Venator Materials has a consensus rating of “Hold” and an average target price of $23.92.

Shares of VNTR opened at $11.95 on Wednesday. Venator Materials PLC has a 12 month low of $11.04 and a 12 month high of $26.90. The company has a market cap of $1.29 billion and a PE ratio of 6.87. The company has a current ratio of 2.32, a quick ratio of 1.49 and a debt-to-equity ratio of 0.56.

Venator Materials (NYSE:VNTR) last announced its earnings results on Tuesday, July 31st. The company reported $0.85 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.85. Venator Materials had a net margin of 16.67% and a return on equity of 27.45%. The company had revenue of $626.00 million for the quarter, compared to analysts’ expectations of $666.44 million. The firm’s quarterly revenue was up 11.4% compared to the same quarter last year. equities analysts predict that Venator Materials PLC will post 2.51 EPS for the current year.

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

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