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

MYDA Advisors LLC lifted its position in Venator Materials PLC (NYSE:VNTR) by 44.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 543,477 shares of the company’s stock after acquiring an additional 168,477 shares during the quarter. MYDA Advisors LLC owned approximately 0.51% of Venator Materials worth $2,516,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dorsey Wright & Associates bought a new stake in shares of Venator Materials in the 1st quarter worth $37,000. Susquehanna International Group LLP bought a new position in shares of Venator Materials in the fourth quarter worth approximately $73,000. HighTower Advisors LLC bought a new position in shares of Venator Materials in the first quarter worth approximately $176,000. Quantitative Systematic Strategies LLC increased its position in shares of Venator Materials by 31.8% in the fourth quarter. Quantitative Systematic Strategies LLC now owns 85,192 shares of the company’s stock worth $282,000 after purchasing an additional 20,568 shares during the last quarter. Finally, Acadian Asset Management LLC increased its position in shares of Venator Materials by 249.0% in the first quarter. Acadian Asset Management LLC now owns 179,783 shares of the company’s stock worth $832,000 after purchasing an additional 128,263 shares during the last quarter. Hedge funds and other institutional investors own 28.24% of the company’s stock.

NYSE VNTR traded up $0.33 on Friday, reaching $5.17. 19,785 shares of the company’s stock traded hands, compared to its average volume of 473,888. The company has a current ratio of 2.53, a quick ratio of 1.48 and a debt-to-equity ratio of 1.59. Venator Materials PLC has a 12 month low of $1.52 and a 12 month high of $5.49. The firm has a market cap of $550.92 million, a PE ratio of -3.98 and a beta of 1.91. The stock has a 50-day moving average price of $4.75.

Venator Materials (NYSE:VNTR) last issued its earnings results on Thursday, May 6th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the 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%. On average, equities analysts predict that Venator Materials PLC will post 0.09 EPS for the current fiscal year.

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

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: How to find the components of the quick ratio

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

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