D. E. Shaw & Co. Inc. Grows Stake in Tronox Holdings plc (NYSE:TROX)

D. E. Shaw & Co. Inc. increased its stake in Tronox Holdings plc (NYSE:TROX - Free Report) by 246.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 419,203 shares of the company's stock after acquiring an additional 298,187 shares during the period. D. E. Shaw & Co. Inc. owned approximately 0.27% of Tronox worth $4,221,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sterling Capital Management LLC grew its position in Tronox by 832.6% in the fourth quarter. Sterling Capital Management LLC now owns 3,805 shares of the company's stock worth $38,000 after acquiring an additional 3,397 shares in the last quarter. KBC Group NV grew its position in Tronox by 59.4% in the fourth quarter. KBC Group NV now owns 6,949 shares of the company's stock worth $70,000 after acquiring an additional 2,590 shares in the last quarter. Mariner LLC purchased a new position in Tronox in the fourth quarter worth about $105,000. Atria Investments Inc purchased a new position in Tronox in the fourth quarter worth about $112,000. Finally, Cibc World Markets Corp bought a new stake in Tronox in the fourth quarter worth about $112,000. Hedge funds and other institutional investors own 73.36% of the company's stock.

Tronox Trading Down 4.4%

Shares of Tronox stock traded down $0.22 on Friday, hitting $4.74. 3,335,144 shares of the company traded hands, compared to its average volume of 1,608,576. The stock's 50 day moving average price is $5.71 and its 200-day moving average price is $8.44. The company has a current ratio of 2.47, a quick ratio of 0.90 and a debt-to-equity ratio of 1.54. Tronox Holdings plc has a 52 week low of $4.35 and a 52 week high of $20.70. The company has a market cap of $748.94 million, a PE ratio of -15.30 and a beta of 1.40.

Tronox (NYSE:TROX - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.17). Tronox had a negative net margin of 1.56% and a negative return on equity of 0.63%. The company had revenue of $738.00 million for the quarter, compared to the consensus estimate of $745.96 million. During the same period in the prior year, the firm posted ($0.05) EPS. The business's revenue was down 4.7% on a year-over-year basis. Equities research analysts predict that Tronox Holdings plc will post 0.49 EPS for the current year.

Tronox Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Monday, May 19th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 10.54%. The ex-dividend date is Monday, May 19th. Tronox's payout ratio is -52.63%.

Insider Activity at Tronox

In other Tronox news, Director Stephen J. Jones acquired 30,000 shares of the business's stock in a transaction that occurred on Tuesday, March 18th. The shares were bought at an average cost of $7.17 per share, with a total value of $215,100.00. Following the completion of the acquisition, the director now directly owns 30,000 shares in the company, valued at $215,100. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jeffrey N. Neuman acquired 10,266 shares of the business's stock in a transaction that occurred on Wednesday, May 7th. The shares were acquired at an average cost of $4.89 per share, for a total transaction of $50,200.74. Following the completion of the acquisition, the senior vice president now owns 10,266 shares of the company's stock, valued at $50,200.74. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Wall Street Zen downgraded shares of Tronox from a "hold" rating to a "sell" rating in a research note on Monday, May 5th. UBS Group decreased their price objective on shares of Tronox from $11.00 to $10.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Morgan Stanley decreased their price objective on shares of Tronox from $12.00 to $8.00 and set an "equal weight" rating for the company in a research note on Monday, May 5th. Mizuho decreased their price objective on shares of Tronox from $11.00 to $9.00 and set a "neutral" rating for the company in a research note on Thursday, March 13th. Finally, Truist Financial decreased their price target on shares of Tronox from $14.00 to $10.00 and set a "buy" rating for the company in a research note on Monday, April 14th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $9.64.

Tronox Company Profile

Tronox Holdings plc operates as a vertically integrated manufacturer of TiO2 pigment in North America, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates titanium-bearing mineral sand mines; and engages in beneficiation and smelting operations. It offers TiO2 pigment; ultrafine specialty TiO2; zircon; feedstock; pig iron; monazite; titanium tetrachloride; and other products.