Venator Materials PLC (NYSE:VNTR) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totalling 775,704 shares, a decline of 44.2% from the July 13th total of 1,389,128 shares. Currently, 1.6% of the company’s stock are sold short. Based on an average daily trading volume, of 1,049,143 shares, the days-to-cover ratio is presently 0.7 days.

VNTR has been the topic of a number of research analyst reports. Wells Fargo & Co initiated coverage on Venator Materials in a report on Wednesday, April 25th. They set an “outperform” rating and a $28.00 price target on the stock. Vertical Research downgraded Venator Materials from a “buy” rating to a “$16.08” rating in a report on Wednesday, July 18th. Morgan Stanley lowered their price target on Venator Materials from $25.00 to $19.00 and set a “hold” rating on the stock in a report on Tuesday, July 17th. Zacks Investment Research downgraded Venator Materials from a “buy” rating to a “hold” rating in a report on Friday, May 4th. Finally, ValuEngine downgraded Venator Materials from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $23.47.

VNTR opened at $11.75 on Friday. The stock has a market cap of $1.33 billion and a PE ratio of 6.75. Venator Materials has a 52-week low of $11.04 and a 52-week high of $26.90. The company has a quick ratio of 1.49, a current ratio of 2.32 and a debt-to-equity ratio of 0.56.

Venator Materials (NYSE:VNTR) last posted its quarterly earnings data on Tuesday, July 31st. The company reported $0.85 earnings per share for the quarter, hitting the consensus estimate of $0.85. Venator Materials had a return on equity of 27.45% and a net margin of 16.67%. The business had revenue of $626.00 million during the quarter, compared to analysts’ expectations of $666.44 million. The business’s quarterly revenue was up 11.4% compared to the same quarter last year. equities research analysts forecast that Venator Materials will post 2.51 earnings per share for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of VNTR. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Venator Materials during the 1st quarter worth about $36,581,000. FMR LLC acquired a new position in shares of Venator Materials during the 2nd quarter worth about $21,587,000. Citadel Advisors LLC lifted its position in shares of Venator Materials by 103.8% during the 1st quarter. Citadel Advisors LLC now owns 2,323,353 shares of the company’s stock worth $42,030,000 after purchasing an additional 1,183,204 shares during the last quarter. Luminus Management LLC lifted its position in shares of Venator Materials by 34.4% during the 2nd quarter. Luminus Management LLC now owns 4,227,858 shares of the company’s stock worth $69,168,000 after purchasing an additional 1,082,835 shares during the last quarter. Finally, Millennium Management LLC lifted its position in shares of Venator Materials by 80.6% during the 1st quarter. Millennium Management LLC now owns 1,831,286 shares of the company’s stock worth $33,128,000 after purchasing an additional 817,555 shares during the last quarter. 41.31% of the stock is owned by institutional investors and hedge funds.

About Venator Materials

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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