Edgestream Partners L.P. Buys Shares of 514,203 Tronox Holdings PLC (NYSE:TROX)

Edgestream Partners L.P. acquired a new stake in shares of Tronox Holdings PLC (NYSE:TROX - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 514,203 shares of the company's stock, valued at approximately $3,620,000. Edgestream Partners L.P. owned about 0.33% of Tronox at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. CWM LLC raised its stake in Tronox by 1,186.7% in the 1st quarter. CWM LLC now owns 10,731 shares of the company's stock worth $76,000 after acquiring an additional 9,897 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in Tronox by 763.5% in the first quarter. Nisa Investment Advisors LLC now owns 9,127 shares of the company's stock valued at $65,000 after buying an additional 8,070 shares during the last quarter. Lightrock Netherlands B.V. increased its holdings in Tronox by 82.7% in the 1st quarter. Lightrock Netherlands B.V. now owns 1,657,579 shares of the company's stock worth $11,689,000 after buying an additional 750,145 shares during the period. Teacher Retirement System of Texas acquired a new stake in shares of Tronox in the first quarter worth $122,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of Tronox in the first quarter worth $102,000. Institutional investors and hedge funds own 73.36% of the company's stock.

Tronox Stock Down 0.9%

Tronox stock traded down $0.05 during trading on Friday, reaching $5.51. The stock had a trading volume of 1,499,598 shares, compared to its average volume of 1,842,903. Tronox Holdings PLC has a 52-week low of $4.35 and a 52-week high of $16.57. The business has a 50 day moving average price of $5.47 and a 200 day moving average price of $6.83. The stock has a market cap of $873.11 million, a PE ratio of -5.80 and a beta of 1.37. The company has a quick ratio of 0.61, a current ratio of 2.28 and a debt-to-equity ratio of 1.61.

Tronox (NYSE:TROX - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported ($0.15) EPS for the quarter, missing analysts' consensus estimates of $0.02 by ($0.17). Tronox had a negative net margin of 4.94% and a negative return on equity of 1.57%. The business had revenue of $738.00 million during the quarter, compared to analyst estimates of $745.96 million. During the same quarter in the prior year, the firm posted ($0.05) earnings per share. The company's revenue for the quarter was down 4.7% compared to the same quarter last year. On average, analysts predict that Tronox Holdings PLC will post 0.49 EPS for the current year.

Tronox Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 2nd. Shareholders of record on Monday, May 19th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 9.07%. The ex-dividend date was Monday, May 19th. Tronox's dividend payout ratio (DPR) is currently -52.63%.

Insider Activity at Tronox

In related news, SVP Jeffrey N. Neuman purchased 10,266 shares of Tronox stock in a transaction dated Wednesday, May 7th. The stock was bought at an average cost of $4.89 per share, for a total transaction of $50,200.74. Following the transaction, the senior vice president owned 10,266 shares in the company, valued at approximately $50,200.74. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.70% of the company's stock.

Analyst Upgrades and Downgrades

TROX has been the subject of several recent research reports. Mizuho cut their target price on shares of Tronox from $6.00 to $5.00 and set a "neutral" rating for the company in a report on Tuesday, July 15th. Barclays decreased their price objective on shares of Tronox from $13.00 to $8.00 and set an "overweight" rating for the company in a research report on Wednesday, May 28th. The Goldman Sachs Group dropped their target price on Tronox from $11.50 to $7.50 and set a "buy" rating on the stock in a research report on Tuesday, May 6th. JPMorgan Chase & Co. raised Tronox from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $5.00 to $7.00 in a report on Friday, May 30th. Finally, Truist Financial cut their price objective on Tronox from $14.00 to $10.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Two analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $7.06.

About Tronox

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.