Venator Materials PLC (NYSE:VNTR)’s share price was down 6.2% during trading on Friday . The stock traded as low as $21.02 and last traded at $21.02. Approximately 893,528 shares changed hands during mid-day trading, a decline of 2% from the average daily volume of 907,975 shares. The stock had previously closed at $22.42.

Several equities analysts have commented on VNTR shares. Zacks Investment Research raised Venator Materials from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a report on Thursday, October 26th. Bank of America upped their price target on Venator Materials from $23.00 to $28.00 and gave the company a “buy” rating in a report on Tuesday, October 31st. Instinet reaffirmed a “buy” rating and issued a $26.00 price target (up previously from $24.00) on shares of Venator Materials in a report on Friday, October 13th. Goldman Sachs Group cut Venator Materials from a “buy” rating to a “neutral” rating and set a $27.00 price target for the company. in a report on Wednesday, December 6th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $28.00 price target on shares of Venator Materials in a report on Wednesday, October 18th. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Venator Materials currently has a consensus rating of “Buy” and an average target price of $27.31.

The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.25 and a current ratio of 2.03.

In other news, major shareholder Corp Huntsman sold 21,764,800 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $21.66, for a total value of $471,425,568.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Hedge funds have recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. bought a new stake in Venator Materials during the 3rd quarter worth approximately $103,000. Jane Street Group LLC bought a new stake in Venator Materials during the 3rd quarter worth approximately $255,000. Bank of New York Mellon Corp bought a new stake in Venator Materials during the 3rd quarter worth approximately $297,000. Russell Investments Group Ltd. bought a new stake in Venator Materials during the 3rd quarter worth approximately $505,000. Finally, Cubist Systematic Strategies LLC bought a new stake in Venator Materials during the 3rd quarter worth approximately $512,000. Institutional investors own 23.32% of the company’s stock.

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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.

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