Tronox Holdings plc (NYSE:TROX) Shares Sold by Jane Street Group LLC

Jane Street Group LLC trimmed its holdings in shares of Tronox Holdings plc (NYSE:TROX - Free Report) by 71.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,400 shares of the company's stock after selling 154,568 shares during the period. Jane Street Group LLC's holdings in Tronox were worth $618,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Stifel Financial Corp lifted its position in shares of Tronox by 1.9% during the fourth quarter. Stifel Financial Corp now owns 101,264 shares of the company's stock valued at $1,020,000 after buying an additional 1,891 shares during the last quarter. KBC Group NV lifted its position in shares of Tronox by 59.4% during the fourth quarter. KBC Group NV now owns 6,949 shares of the company's stock valued at $70,000 after buying an additional 2,590 shares during the last quarter. Sterling Capital Management LLC lifted its position in shares of Tronox by 832.6% during the fourth quarter. Sterling Capital Management LLC now owns 3,805 shares of the company's stock valued at $38,000 after buying an additional 3,397 shares during the last quarter. Private Capital Management LLC lifted its position in shares of Tronox by 0.7% during the third quarter. Private Capital Management LLC now owns 1,161,304 shares of the company's stock valued at $16,990,000 after buying an additional 7,530 shares during the last quarter. Finally, Voya Investment Management LLC lifted its position in shares of Tronox by 3.1% during the fourth quarter. Voya Investment Management LLC now owns 317,443 shares of the company's stock valued at $3,197,000 after buying an additional 9,403 shares during the last quarter. 73.36% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Mizuho decreased their price target on shares of Tronox from $11.00 to $9.00 and set a "neutral" rating for the company in a research report on Thursday, March 13th. BMO Capital Markets reaffirmed a "market perform" rating and issued a $7.00 price objective (down from $13.00) on shares of Tronox in a research report on Wednesday, May 7th. The Goldman Sachs Group decreased their price objective on shares of Tronox from $11.50 to $7.50 and set a "buy" rating for the company in a research report on Tuesday, May 6th. 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 report on Thursday, May 1st. Finally, Truist Financial decreased their price objective on shares of Tronox from $14.00 to $10.00 and set a "buy" rating for the company in a research report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $8.31.

Insider Buying and Selling

In other news, Director Stephen J. Jones acquired 30,000 shares of the company's stock in a transaction dated Tuesday, March 18th. The shares were acquired at an average price of $7.17 per share, with a total value of $215,100.00. Following the purchase, the director now directly owns 30,000 shares of the company's stock, valued at $215,100. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Jeffrey N. Neuman acquired 10,266 shares of the company's stock in a transaction dated Wednesday, May 7th. The shares were purchased at an average cost of $4.89 per share, for a total transaction of $50,200.74. Following the purchase, the senior vice president now directly owns 10,266 shares in the company, valued at approximately $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 owned by corporate insiders.

Tronox Stock Performance

NYSE:TROX traded up $0.65 during midday trading on Friday, hitting $5.75. The company's stock had a trading volume of 4,672,068 shares, compared to its average volume of 1,651,692. Tronox Holdings plc has a fifty-two week low of $4.35 and a fifty-two week high of $20.70. The firm's 50 day moving average is $5.51 and its 200-day moving average is $8.24. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.47 and a quick ratio of 0.90. The firm has a market cap of $910.36 million, a P/E ratio of -18.47 and a beta of 1.40.

Tronox (NYSE:TROX - Get Free Report) last issued 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 return on equity of 0.63% and a negative net margin of 1.56%. The business had revenue of $738.00 million during the quarter, compared to analyst estimates of $745.96 million. During the same quarter last year, the company posted ($0.05) EPS. Tronox's quarterly revenue was down 4.7% compared to the same quarter last year. Equities analysts anticipate that Tronox Holdings plc will post 0.49 earnings per share for the current fiscal year.

Tronox Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Monday, May 19th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $0.50 annualized dividend and a yield of 8.70%. Tronox's dividend payout ratio (DPR) is presently -52.63%.

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.