Arrowstreet Capital Limited Partnership bought a new position in Valhi, Inc. (NYSE:VHI) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 171,196 shares of the basic materials company’s stock, valued at approximately $1,056,000.
A number of other hedge funds have also recently modified their holdings of the business. Bank of New York Mellon Corp increased its position in Valhi by 10.5% in the 4th quarter. Bank of New York Mellon Corp now owns 831,329 shares of the basic materials company’s stock worth $5,129,000 after purchasing an additional 78,912 shares during the last quarter. Raymond James Financial Services Advisors Inc. acquired a new position in Valhi in the 4th quarter worth about $536,000. The Manufacturers Life Insurance Company increased its position in Valhi by 197.6% in the 4th quarter. The Manufacturers Life Insurance Company now owns 29,027 shares of the basic materials company’s stock worth $178,000 after purchasing an additional 19,273 shares during the last quarter. Alambic Investment Management L.P. increased its position in Valhi by 806.7% in the 4th quarter. Alambic Investment Management L.P. now owns 158,667 shares of the basic materials company’s stock worth $979,000 after purchasing an additional 141,167 shares during the last quarter. Finally, Engineers Gate Manager LP acquired a new position in Valhi in the 4th quarter worth about $143,000. 2.66% of the stock is currently owned by institutional investors.
Valhi, Inc. (NYSE VHI) opened at $6.55 on Monday. The company has a debt-to-equity ratio of -18.05, a current ratio of 3.44 and a quick ratio of 2.44. Valhi, Inc. has a 52-week low of $2.13 and a 52-week high of $7.28. The firm has a market capitalization of $2,221.57, a PE ratio of 28.48 and a beta of 2.69.
Several research analysts have weighed in on VHI shares. TheStreet raised Valhi from a “c” rating to a “b-” rating in a research report on Wednesday, November 22nd. Barclays upped their target price on Valhi from $3.00 to $5.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 15th. Finally, ValuEngine lowered Valhi from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th.
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Valhi Company Profile
Valhi, Inc is a holding company. The Company operates through three segments: Chemicals, Component Products, and Real Estate Management and Development. The Company operates through its subsidiaries, including NL Industries, Inc, Kronos Worldwide, Inc (Kronos) and CompX International Inc (CompX). The Chemicals segment operates through Kronos.
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