Venator Materials PLC (VNTR) Position Lifted by Penn Capital Management Co. Inc.

Penn Capital Management Co. Inc. increased its stake in Venator Materials PLC (NYSE:VNTR) by 63.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 770,226 shares of the company’s stock after purchasing an additional 297,787 shares during the period. Venator Materials makes up 1.2% of Penn Capital Management Co. Inc.’s holdings, making the stock its 16th biggest holding. Penn Capital Management Co. Inc. owned 0.72% of Venator Materials worth $17,081,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Schwab Charles Investment Management Inc. bought a new position in Venator Materials in the third quarter valued at about $1,501,000. JPMorgan Chase & Co. bought a new position in Venator Materials in the third quarter valued at about $6,632,000. Engineers Gate Manager LP bought a new position in Venator Materials in the third quarter valued at about $1,533,000. Highbridge Capital Management LLC bought a new position in Venator Materials in the third quarter valued at about $3,013,000. Finally, Stifel Financial Corp bought a new position in Venator Materials in the third quarter valued at about $2,694,000. Institutional investors own 25.25% of the company’s stock.

Venator Materials PLC (NYSE:VNTR) opened at $21.74 on Friday. The company has a current ratio of 2.03, a quick ratio of 1.25 and a debt-to-equity ratio of 0.74. Venator Materials PLC has a 12 month low of $17.85 and a 12 month high of $26.90.

A number of brokerages have recently commented on VNTR. Vertical Research began coverage on Venator Materials in a research note on Monday, October 23rd. They set a “buy” rating and a $28.00 price target on the stock. Zacks Investment Research raised Venator Materials from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research note on Thursday, October 26th. SunTrust Banks lifted their price target on Venator Materials from $27.00 to $29.00 and gave the company a “buy” rating in a research note on Monday, October 30th. JPMorgan Chase & Co. lifted their price target on Venator Materials from $23.00 to $29.00 and gave the company an “overweight” rating in a research note on Monday, October 30th. Finally, UBS Group lifted their price target on Venator Materials from $22.00 to $27.00 and gave the company a “neutral” rating in a research note on Monday, October 30th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Venator Materials has a consensus rating of “Buy” and a consensus price target of $27.31.

In related news, major shareholder Corp Huntsman sold 1,948,955 shares of Venator Materials stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $21.66, for a total value of $42,214,365.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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About Venator Materials

Venator Materials PLC is a manufacturer and marketer of chemical products. The Company is engaged in manufacturing titanium dioxide (TiO2), functional additives, color pigments, timber treatment and water treatment products. It operates through two segments: Titanium Dioxide and Performance Additives.

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

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