Axa Sells 110,843 Shares of Valhi, Inc. (VHI)

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Axa reduced its position in shares of Valhi, Inc. (NYSE:VHI) by 28.7% in the 3rd quarter, Holdings Channel reports. The firm owned 275,325 shares of the basic materials company’s stock after selling 110,843 shares during the quarter. Axa’s holdings in Valhi were worth $628,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Renaissance Technologies LLC raised its holdings in Valhi by 33.7% during the 2nd quarter. Renaissance Technologies LLC now owns 1,539,903 shares of the basic materials company’s stock worth $7,330,000 after purchasing an additional 388,303 shares during the last quarter. BlackRock Inc. increased its stake in shares of Valhi by 7.1% in the 2nd quarter. BlackRock Inc. now owns 1,482,866 shares of the basic materials company’s stock valued at $7,057,000 after acquiring an additional 98,182 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Valhi by 1.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 843,036 shares of the basic materials company’s stock valued at $4,013,000 after acquiring an additional 14,459 shares during the last quarter. Northern Trust Corp increased its stake in shares of Valhi by 170.6% in the 2nd quarter. Northern Trust Corp now owns 697,977 shares of the basic materials company’s stock valued at $3,322,000 after acquiring an additional 440,034 shares during the last quarter. Finally, Alambic Investment Management L.P. increased its stake in shares of Valhi by 78.3% in the 2nd quarter. Alambic Investment Management L.P. now owns 462,317 shares of the basic materials company’s stock valued at $2,201,000 after acquiring an additional 203,077 shares during the last quarter. 3.70% of the stock is owned by hedge funds and other institutional investors.

Shares of VHI stock opened at $1.75 on Friday. The company has a debt-to-equity ratio of 2.33, a current ratio of 3.85 and a quick ratio of 2.63. The stock has a market capitalization of $647.84 million, a PE ratio of 1.80 and a beta of 2.63. Valhi, Inc. has a one year low of $1.74 and a one year high of $9.24.

Valhi (NYSE:VHI) last announced its quarterly earnings results on Thursday, November 8th. The basic materials company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.20. The company had revenue of $455.20 million during the quarter. Valhi had a return on equity of 169.17% and a net margin of 19.95%.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 20th. Stockholders of record on Tuesday, December 4th will be paid a $0.02 dividend. The ex-dividend date of this dividend is Monday, December 3rd. This represents a $0.08 dividend on an annualized basis and a dividend yield of 4.57%.

A number of analysts have recently commented on the company. TheStreet cut Valhi from a “b-” rating to a “c” rating in a research note on Friday, August 24th. ValuEngine cut Valhi from a “buy” rating to a “hold” rating in a research note on Wednesday, August 15th.

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Valhi Company Profile

Valhi, Inc engages in the chemicals, component products, and real estate management and development businesses worldwide. The company's Chemicals segment produces and markets titanium dioxide pigments (TiO2), which are white inorganic pigments used in various applications by paint, plastics, decorative laminate, and paper manufacturers.

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Want to see what other hedge funds are holding VHI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Valhi, Inc. (NYSE:VHI).

Institutional Ownership by Quarter for Valhi (NYSE:VHI)

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