Venator Materials PLC (NYSE:VNTR) Short Interest Down 8.8% in June

Venator Materials PLC (NYSE:VNTR) was the target of a significant drop in short interest in the month of June. As of June 15th, there was short interest totalling 1,604,500 shares, a drop of 8.8% from the May 15th total of 1,760,000 shares. Approximately 3.0% of the company’s stock are sold short. Based on an average trading volume of 737,200 shares, the short-interest ratio is currently 2.2 days.

In related news, Director Kathy Dawn Patrick acquired 10,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 29th. The shares were acquired at an average cost of $4.47 per share, for a total transaction of $46,935.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.31% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in VNTR. Legal & General Group Plc boosted its holdings in shares of Venator Materials by 229.2% during the 4th quarter. Legal & General Group Plc now owns 34,958 shares of the company’s stock worth $146,000 after buying an additional 24,339 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Venator Materials by 22.8% during the 4th quarter. Bank of New York Mellon Corp now owns 44,887 shares of the company’s stock worth $188,000 after buying an additional 8,322 shares during the period. LPL Financial LLC boosted its holdings in shares of Venator Materials by 18.5% during the 4th quarter. LPL Financial LLC now owns 48,379 shares of the company’s stock worth $203,000 after buying an additional 7,568 shares during the period. RBF Capital LLC bought a new stake in shares of Venator Materials during the 4th quarter worth about $210,000. Finally, Systematic Financial Management LP bought a new stake in shares of Venator Materials during the 1st quarter worth about $293,000. 44.09% of the stock is owned by institutional investors.

Shares of VNTR traded up $0.10 during midday trading on Friday, reaching $4.14. The stock had a trading volume of 892,879 shares, compared to its average volume of 678,264. The company’s 50 day simple moving average is $4.85. Venator Materials has a one year low of $3.59 and a one year high of $15.83. The stock has a market cap of $440.50 million, a price-to-earnings ratio of 1.88, a PEG ratio of 0.70 and a beta of 2.35. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.15 and a current ratio of 2.18.

Venator Materials (NYSE:VNTR) last announced its quarterly earnings data on Thursday, May 9th. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. Venator Materials had a negative net margin of 11.07% and a positive return on equity of 15.64%. The company had revenue of $562.00 million during the quarter, compared to the consensus estimate of $561.44 million. During the same quarter last year, the firm posted $0.85 EPS. The company’s quarterly revenue was down 9.6% on a year-over-year basis. As a group, analysts anticipate that Venator Materials will post 0.56 earnings per share for the current fiscal year.

VNTR has been the subject of a number of analyst reports. Royal Bank of Canada reaffirmed a “neutral” rating and issued a $145.00 target price on shares of Travelers Companies in a research report on Thursday, April 18th. Morgan Stanley reaffirmed an “overweight” rating on shares of in a research report on Wednesday, June 19th. Finally, Citigroup raised shares of Infosys from a “neutral” rating to a “buy” rating in a research report on Friday, July 12th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. Venator Materials presently has a consensus rating of “Hold” and an average price target of $14.77.

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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