Graham Capital Management L.P. Has $775,000 Position in Tronox Holdings PLC $TROX

Key Points

• Graham Capital Management L.P. increased its stake in Tronox Holdings PLC by 156.1%, acquiring an additional 67,126 shares in the first quarter.
• Tronox reported a quarterly earnings loss of ($0.28) per share, which was significantly below analysts' consensus estimate of ($0.04).
• The company has announced a quarterly dividend of $0.05 per share, representing a 4.8% yield, but its payout ratio stands at -12.66%.

Graham Capital Management L.P. raised its stake in Tronox Holdings PLC (NYSE:TROX - Free Report) by 156.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 110,116 shares of the company's stock after acquiring an additional 67,126 shares during the period. Graham Capital Management L.P. owned about 0.07% of Tronox worth $775,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of TROX. Nuveen LLC acquired a new stake in shares of Tronox during the 1st quarter worth about $17,268,000. Lightrock Netherlands B.V. grew its stake in Tronox by 82.7% during the first 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 last quarter. Edgestream Partners L.P. bought a new stake in Tronox during the first quarter worth about $3,620,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Tronox by 15.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,832,510 shares of the company's stock worth $19,941,000 after buying an additional 375,643 shares in the last quarter. Finally, Two Sigma Investments LP raised its stake in shares of Tronox by 253.5% in the fourth quarter. Two Sigma Investments LP now owns 512,739 shares of the company's stock valued at $5,163,000 after acquiring an additional 367,675 shares during the last quarter. 73.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Tronox

In other Tronox news, Director Jean Francois Turgeon acquired 31,150 shares of the business's stock in a transaction that occurred on Thursday, August 7th. The shares were acquired at an average cost of $3.21 per share, for a total transaction of $99,991.50. Following the completion of the acquisition, the director directly owned 772,572 shares of the company's stock, valued at approximately $2,479,956.12. This represents a 4.20% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John D. Romano acquired 100,000 shares of Tronox stock in a transaction on Friday, August 1st. The stock was acquired at an average cost of $3.09 per share, for a total transaction of $309,000.00. Following the completion of the purchase, the chief executive officer owned 1,333,485 shares of the company's stock, valued at approximately $4,120,468.65. The trade was a 8.11% increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 184,750 shares of company stock valued at $579,714 over the last 90 days. Company insiders own 1.70% of the company's stock.

Tronox Trading Up 6.8%

Shares of TROX traded up $0.29 during trading hours on Friday, hitting $4.47. 4,255,385 shares of the stock traded hands, compared to its average volume of 3,853,463. The business has a fifty day moving average of $4.59 and a 200-day moving average of $5.51. The firm has a market capitalization of $707.81 million, a PE ratio of -2.83 and a beta of 1.32. Tronox Holdings PLC has a 1-year low of $2.95 and a 1-year high of $15.07. The company has a current ratio of 2.10, a quick ratio of 0.52 and a debt-to-equity ratio of 1.64.

Tronox (NYSE:TROX - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported ($0.28) EPS 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 firm had revenue of $731.00 million during the quarter, compared to analyst estimates of $802.03 million. During the same quarter in the previous year, the business earned $0.07 earnings per share. 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. Analysts expect that Tronox Holdings PLC will post 0.49 EPS for the current year.

Tronox Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 3rd. Investors of record on Monday, August 11th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Monday, August 11th. Tronox's payout ratio is -12.66%.

Analysts Set New Price Targets

Several research analysts have recently commented on TROX shares. JPMorgan Chase & Co. raised Tronox from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $5.00 to $7.00 in a report on Friday, May 30th. Barclays reduced their price objective on Tronox from $13.00 to $8.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 28th. Morgan Stanley decreased their target price on Tronox from $8.00 to $4.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 6th. UBS Group cut Tronox from a "buy" rating to a "neutral" rating and cut their price target for the company from $8.00 to $3.60 in a report on Monday, August 4th. Finally, Mizuho decreased their price objective on shares of Tronox from $6.00 to $5.00 and set a "neutral" rating on the stock in a report on Tuesday, July 15th. Five investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Tronox presently has an average rating of "Hold" and a consensus price target of $5.01.

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.