MYDA Advisors LLC Purchases 168,477 Shares of Venator Materials PLC (NYSE:VNTR)

MYDA Advisors LLC raised its position in shares of Venator Materials PLC (NYSE:VNTR) by 44.9% in the first quarter, HoldingsChannel reports. The firm owned 543,477 shares of the company’s stock after buying an additional 168,477 shares during the quarter. MYDA Advisors LLC’s holdings in Venator Materials were worth $2,516,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Dorsey Wright & Associates bought a new stake in shares of Venator Materials during the 1st quarter valued at about $37,000. Susquehanna International Group LLP purchased a new position in shares of Venator Materials during the 4th quarter valued at about $73,000. HighTower Advisors LLC purchased a new position in shares of Venator Materials during the 1st quarter valued at about $176,000. Quantitative Systematic Strategies LLC lifted its position in shares of Venator Materials by 31.8% during the 4th quarter. Quantitative Systematic Strategies LLC now owns 85,192 shares of the company’s stock valued at $282,000 after buying an additional 20,568 shares in the last quarter. Finally, Squarepoint Ops LLC lifted its position in shares of Venator Materials by 11.6% during the 4th quarter. Squarepoint Ops LLC now owns 184,063 shares of the company’s stock valued at $609,000 after buying an additional 19,148 shares in the last quarter. Institutional investors and hedge funds own 28.24% of the company’s stock.

A number of research analysts have recently weighed in on VNTR shares. Deutsche Bank Aktiengesellschaft lifted their price objective on Venator Materials from $3.00 to $5.50 and gave the company a “buy” rating in a research report on Thursday, February 25th. Zacks Investment Research raised Venator Materials from a “sell” rating to a “hold” rating in a research report on Wednesday, May 12th. Finally, Morgan Stanley boosted their price target on Venator Materials from $3.75 to $4.50 and gave the stock an “equal weight” rating in a report on Monday, May 10th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $3.52.

NYSE VNTR traded up $0.33 during trading hours on Friday, reaching $5.17. The company’s stock had a trading volume of 19,785 shares, compared to its average volume of 473,888. The stock has a market cap of $550.92 million, a P/E ratio of -3.98 and a beta of 1.91. Venator Materials PLC has a 1 year low of $1.52 and a 1 year high of $5.49. The business’s 50-day moving average is $4.75. The company has a quick ratio of 1.48, a current ratio of 2.53 and a debt-to-equity ratio of 1.59.

Venator Materials (NYSE:VNTR) last issued its quarterly earnings data on Thursday, May 6th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.03). Venator Materials had a negative return on equity of 5.18% and a negative net margin of 7.15%. Sell-side analysts anticipate that Venator Materials PLC will post 0.09 EPS for the current fiscal year.

Venator Materials Profile

Venator Materials PLC, together with its subsidiaries, 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 ultrafine TiO2 products for use in coatings, printing inks, PVC window frames, plastic masterbatches, cosmetics, pharmaceuticals, polyester fibers, polyamide fibers, catalysts, paper, and food and personal care products.

Further Reading: Market Capitalization – What it Means for Investors

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

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