Alambic Investment Management L.P. lifted its position in Venator Materials (NYSE:VNTR) by 221.6% during the 1st quarter, HoldingsChannel.com reports. The firm owned 208,700 shares of the company’s stock after buying an additional 143,800 shares during the period. Alambic Investment Management L.P.’s holdings in Venator Materials were worth $3,775,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. QS Investors LLC purchased a new position in Venator Materials in the fourth quarter worth $110,000. Wells Fargo & Company MN grew its position in Venator Materials by 81,257.1% in the fourth quarter. Wells Fargo & Company MN now owns 5,695 shares of the company’s stock worth $126,000 after acquiring an additional 5,688 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in Venator Materials by 4.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 153,347 shares of the company’s stock worth $2,775,000 after acquiring an additional 7,151 shares in the last quarter. First Trust Advisors LP grew its position in Venator Materials by 9.2% in the fourth quarter. First Trust Advisors LP now owns 90,019 shares of the company’s stock worth $1,991,000 after acquiring an additional 7,607 shares in the last quarter. Finally, Deutsche Bank AG grew its position in Venator Materials by 9,700.0% in the fourth quarter. Deutsche Bank AG now owns 9,800 shares of the company’s stock worth $216,000 after acquiring an additional 9,700 shares in the last quarter. 45.55% of the stock is currently owned by hedge funds and other institutional investors.

Venator Materials opened at $18.06 on Thursday, according to Marketbeat. The company has a quick ratio of 1.13, a current ratio of 1.84 and a debt-to-equity ratio of 0.60. Venator Materials has a 12-month low of $17.73 and a 12-month high of $17.95. The stock has a market cap of $1.85 billion and a price-to-earnings ratio of 10.38.

Venator Materials (NYSE:VNTR) last posted its earnings results on Tuesday, May 1st. The company reported $0.85 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.01. The company had revenue of $622.00 million during the quarter, compared to analyst estimates of $646.95 million. Venator Materials had a net margin of 9.94% and a return on equity of 23.75%. The firm’s quarterly revenue was up 15.8% on a year-over-year basis. sell-side analysts predict that Venator Materials will post 3.16 earnings per share for the current fiscal year.

Several research analysts recently issued reports on VNTR shares. Morgan Stanley started coverage on shares of Venator Materials in a research report on Tuesday, January 30th. They issued an “equal weight” rating and a $25.00 target price for the company. Zacks Investment Research upgraded shares of Venator Materials from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research report on Wednesday, February 28th. Barclays reiterated an “equal weight” rating and issued a $25.00 target price (down from $27.00) on shares of Venator Materials in a research report on Monday, February 26th. Citigroup upped their target price on shares of Venator Materials from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, April 10th. Finally, Wells Fargo began coverage on shares of Venator Materials in a research report on Wednesday, April 25th. They set an “outperform” rating and a $28.00 price target for the company. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $27.33.

In other news, Director Kathy Dawn Patrick bought 4,500 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was bought at an average cost of $20.45 per share, for a total transaction of $92,025.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Peter R. Huntsman bought 10,000 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were purchased at an average price of $19.44 per share, with a total value of $194,400.00. The disclosure for this purchase can be found here. Corporate insiders own 0.31% of the company’s stock.

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

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