Credit Capital Investments LLC Raises Stake in Tronox Holdings PLC $TROX

Key Points

• Credit Capital Investments LLC boosted its stake in Tronox by 624.2% in Q4 to 325,872 shares (about $1.36M), making the position its 15th largest and roughly 1.3% of the firm's portfolio.
• Other institutions also significantly increased holdings—VanEck (+203% to 6.53M shares), Lightrock, Shah Capital and Primecap among them—leaving institutional ownership at about 73.36%.
• Tronox reported Q EPS of ($0.55), missing estimates and showing negative margins, while analysts' consensus is a "Hold" with an average price target of $6.55; the company also declared a $0.05 quarterly dividend (2.0% yield).

Credit Capital Investments LLC boosted its holdings in Tronox Holdings PLC (NYSE:TROX - Free Report) by 624.2% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 325,872 shares of the company's stock after buying an additional 280,872 shares during the period. Tronox makes up about 1.3% of Credit Capital Investments LLC's investment portfolio, making the stock its 15th largest position. Credit Capital Investments LLC owned 0.21% of Tronox worth $1,359,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Van ECK Associates Corp raised its stake in shares of Tronox by 203.0% during the third quarter. Van ECK Associates Corp now owns 6,534,894 shares of the company's stock valued at $26,270,000 after purchasing an additional 4,378,023 shares during the period. Primecap Management Co. CA boosted its stake in shares of Tronox by 10.6% in the third quarter. Primecap Management Co. CA now owns 4,704,502 shares of the company's stock valued at $18,912,000 after purchasing an additional 452,000 shares during the period. Lightrock Netherlands B.V. grew its holdings in Tronox by 66.8% during the 4th quarter. Lightrock Netherlands B.V. now owns 3,051,286 shares of the company's stock valued at $12,724,000 after purchasing an additional 1,222,115 shares in the last quarter. Shah Capital Management grew its holdings in Tronox by 650.0% during the 4th quarter. Shah Capital Management now owns 3,000,000 shares of the company's stock valued at $12,510,000 after purchasing an additional 2,600,000 shares in the last quarter. Finally, Invenomic Capital Management LP increased its stake in Tronox by 72.0% during the 3rd quarter. Invenomic Capital Management LP now owns 2,203,876 shares of the company's stock worth $8,860,000 after buying an additional 922,453 shares during the period. 73.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TROX has been the topic of several recent analyst reports. Zacks Research upgraded Tronox from a "strong sell" rating to a "hold" rating in a research note on Monday, March 2nd. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $8.00 price objective on shares of Tronox in a research note on Tuesday, January 27th. Mizuho upped their target price on Tronox from $4.50 to $5.00 and gave the company an "underperform" rating in a research report on Monday, March 23rd. UBS Group increased their target price on Tronox from $7.50 to $9.00 and gave the company a "neutral" rating in a research note on Thursday, April 9th. Finally, Truist Financial downgraded shares of Tronox from a "hold" rating to a "sell" rating and decreased their price target for the stock from $9.00 to $8.00 in a research report on Tuesday, April 28th. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $6.55.

Insider Activity at Tronox

In other news, Director Jean Francois Turgeon sold 18,563 shares of the business's stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $6.60, for a total transaction of $122,515.80. Following the completion of the transaction, the director directly owned 754,009 shares in the company, valued at approximately $4,976,459.40. The trade was a 2.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO John D. Romano sold 101,600 shares of the firm's stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $6.59, for a total value of $669,544.00. Following the completion of the sale, the chief executive officer owned 1,473,740 shares in the company, valued at approximately $9,711,946.60. This represents a 6.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 172,711 shares of company stock valued at $1,145,137. Company insiders own 2.00% of the company's stock.

Tronox Stock Down 3.0%

NYSE:TROX opened at $10.17 on Thursday. The company has a current ratio of 2.46, a quick ratio of 0.67 and a debt-to-equity ratio of 2.16. The stock has a 50 day moving average of $8.51 and a 200-day moving average of $6.16. The firm has a market capitalization of $1.61 billion, a PE ratio of -3.42 and a beta of 0.83. Tronox Holdings PLC has a 52 week low of $2.86 and a 52 week high of $10.59.

Tronox (NYSE:TROX - Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The company reported ($0.55) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.48) by ($0.07). Tronox had a negative net margin of 16.22% and a negative return on equity of 14.75%. During the same period last year, the business posted ($0.15) EPS. The company's revenue was up 3.0% compared to the same quarter last year. Analysts predict that Tronox Holdings PLC will post -1.11 EPS for the current year.

Tronox Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders of record on Monday, May 11th will be paid a $0.05 dividend. The ex-dividend date is Monday, May 11th. This represents a $0.20 annualized dividend and a dividend yield of 2.0%. Tronox's dividend payout ratio (DPR) is presently -6.73%.

About Tronox

Tronox Holdings plc is a vertically integrated global producer of titanium dioxide (TiO₂) pigment and specialty materials. The company's operations encompass the full supply chain for TiO₂, from mining and processing titanium-bearing ores—such as ilmenite and rutile—to the production of high-purity pigment for use in paints, coatings, plastics, paper and other industrial applications. In addition to TiO₂, Tronox's product portfolio includes zircon, rare earth byproducts and other specialty minerals that serve a range of industrial markets.

Tronox operates a network of mines, processing facilities and pigment plants located across North America, Europe, the Middle East, Australia and South Africa.

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