Venator Materials PLC (NYSE:VNTR) was the target of some unusual options trading on Wednesday. Stock traders purchased 659 call options on the company. This is an increase of 946% compared to the typical volume of 63 call options.
Venator Materials stock opened at $5.92 on Thursday. The stock has a market cap of $636.27 million, a PE ratio of 2.69, a P/E/G ratio of 1.05 and a beta of 1.89. Venator Materials has a 1 year low of $3.59 and a 1 year high of $19.65. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.07 and a quick ratio of 1.08.
Venator Materials (NYSE:VNTR) last posted its earnings results on Wednesday, February 20th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.15. The company had revenue of $484.00 million during the quarter, compared to analyst estimates of $480.96 million. Venator Materials had a positive return on equity of 21.34% and a negative net margin of 7.20%. The company’s revenue for the quarter was down 8.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.61 EPS. Equities analysts forecast that Venator Materials will post 0.6 EPS for the current year.
A number of research analysts recently issued reports on the company. Zacks Investment Research raised Venator Materials from a “sell” rating to a “hold” rating in a report on Friday, February 22nd. Citigroup reaffirmed a “buy” rating and issued a $7.50 price target on shares of Venator Materials in a report on Friday, February 22nd. ValuEngine raised Venator Materials from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Finally, UBS Group raised Venator Materials from a “neutral” rating to a “buy” rating and set a $7.00 price target for the company in a report on Wednesday, February 6th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company. Venator Materials has an average rating of “Hold” and an average target price of $17.14.
Several institutional investors have recently bought and sold shares of VNTR. M&T Bank Corp acquired a new position in shares of Venator Materials in the 4th quarter valued at approximately $47,000. BlueMountain Capital Management LLC acquired a new position in shares of Venator Materials in the 3rd quarter valued at approximately $171,000. Legal & General Group Plc grew its position in shares of Venator Materials by 229.2% in the 4th quarter. Legal & General Group Plc now owns 34,958 shares of the company’s stock valued at $146,000 after purchasing an additional 24,339 shares during the period. Paloma Partners Management Co grew its position in shares of Venator Materials by 40.7% in the 3rd quarter. Paloma Partners Management Co now owns 40,488 shares of the company’s stock valued at $365,000 after purchasing an additional 11,715 shares during the period. Finally, Caption Management LLC acquired a new position in shares of Venator Materials in the 4th quarter valued at approximately $184,000. Institutional investors own 44.88% 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.
Further Reading: Quiet Period
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