Fox Run Management L.L.C. Purchases Shares of 96,804 Tronox Holdings PLC $TROX

Key Points

• Fox Run Management L.L.C. acquired 96,804 shares of Tronox Holdings PLC, valued at approximately $682,000, during the 1st quarter, representing about 0.06% of the company's ownership.
• Tronox reported a loss of $0.28 EPS for the last quarter, missing market expectations and showing a year-over-year revenue decline of 10.9%.
• The company recently announced a dividend of $0.05 per share; however, its dividend payout ratio stands at a negative 12.66%, indicating financial distress.

Fox Run Management L.L.C. purchased a new stake in Tronox Holdings PLC (NYSE:TROX - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 96,804 shares of the company's stock, valued at approximately $682,000. Fox Run Management L.L.C. owned approximately 0.06% of Tronox as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TROX. Wells Fargo & Company MN lifted its holdings in shares of Tronox by 16.0% in the fourth quarter. Wells Fargo & Company MN now owns 78,805 shares of the company's stock valued at $794,000 after purchasing an additional 10,874 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Tronox in the 4th quarter valued at $701,000. Sterling Capital Management LLC lifted its stake in Tronox by 832.6% during the 4th quarter. Sterling Capital Management LLC now owns 3,805 shares of the company's stock valued at $38,000 after acquiring an additional 3,397 shares in the last quarter. Barclays PLC lifted its stake in Tronox by 11.5% during the 4th quarter. Barclays PLC now owns 203,683 shares of the company's stock valued at $2,051,000 after acquiring an additional 21,054 shares in the last quarter. Finally, Mariner LLC purchased a new position in Tronox during the 4th quarter worth $105,000. 73.36% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on TROX shares. The Goldman Sachs Group lowered their target price on shares of Tronox from $7.00 to $4.50 and set a "buy" rating for the company in a report on Thursday, August 7th. Wall Street Zen lowered shares of Tronox from a "hold" rating to a "sell" rating in a research note on Monday, May 5th. Morgan Stanley dropped their target price on shares of Tronox from $8.00 to $4.00 and set an "equal weight" rating on the stock in a research report on Wednesday, August 6th. UBS Group lowered Tronox from a "buy" rating to a "neutral" rating and reduced their target price for the company from $8.00 to $3.60 in a report on Monday, August 4th. Finally, JPMorgan Chase & Co. upgraded Tronox from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $5.00 to $7.00 in a report on Friday, May 30th. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $5.01.

Insider Buying and Selling at Tronox

In related news, Director Stephen J. Jones acquired 8,000 shares of the firm's stock in a transaction that occurred on Thursday, August 7th. The shares were bought at an average cost of $3.19 per share, for a total transaction of $25,520.00. Following the purchase, the director owned 51,000 shares in the company, valued at $162,690. This trade represents a 18.60% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jeffrey A. Engle acquired 12,600 shares of Tronox stock in a transaction that occurred on Friday, August 1st. The shares were purchased at an average cost of $3.07 per share, with a total value of $38,682.00. Following the purchase, the senior vice president owned 146,926 shares of the company's stock, valued at $451,062.82. This represents a 9.38% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 184,750 shares of company stock worth $579,714. Company insiders own 1.70% of the company's stock.

Tronox Stock Performance

Tronox stock traded up $0.4750 during midday trading on Friday, reaching $4.1450. The stock had a trading volume of 1,851,985 shares, compared to its average volume of 3,015,458. The firm has a market capitalization of $657.07 million, a PE ratio of -2.64 and a beta of 1.35. Tronox Holdings PLC has a 12 month low of $2.95 and a 12 month high of $15.07. The company has a quick ratio of 0.52, a current ratio of 2.10 and a debt-to-equity ratio of 1.64. The firm's 50-day moving average price is $4.87 and its 200 day moving average price is $5.92.

Tronox (NYSE:TROX - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported ($0.28) earnings per share for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.24). Tronox had a negative return on equity of 4.83% and a negative net margin of 8.48%.The business had revenue of $731.00 million for the quarter, compared to the consensus estimate of $802.03 million. During the same quarter in the prior year, the business earned $0.07 EPS. Tronox's revenue for the quarter was down 10.9% compared to the same quarter last year. Tronox has set its FY 2025 guidance at EPS. As a group, research analysts predict that Tronox Holdings PLC will post 0.49 earnings per share for the current fiscal year.

Tronox Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, October 3rd. Investors of record on Tuesday, August 12th will be paid a $0.05 dividend. This represents a yield of 629.0%. The ex-dividend date is Monday, August 11th. Tronox's payout ratio is currently -12.66%.

Tronox 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.