Tronox Holdings plc (NYSE:TROX) Stake Decreased by Jane Street Group LLC

Jane Street Group LLC decreased its position in Tronox Holdings plc (NYSE:TROX - Free Report) by 71.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm 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 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Barclays PLC raised its stake in Tronox by 320.1% in the third quarter. Barclays PLC now owns 182,629 shares of the company's stock worth $2,672,000 after buying an additional 139,161 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Tronox by 123.9% in the fourth quarter. SG Americas Securities LLC now owns 40,195 shares of the company's stock valued at $405,000 after purchasing an additional 22,242 shares during the last quarter. KBC Group NV boosted its holdings in Tronox by 59.4% in the fourth quarter. KBC Group NV now owns 6,949 shares of the company's stock valued at $70,000 after purchasing an additional 2,590 shares during the last quarter. Empowered Funds LLC boosted its stake in shares of Tronox by 5.1% during the 4th quarter. Empowered Funds LLC now owns 728,282 shares of the company's stock worth $7,334,000 after acquiring an additional 35,495 shares in the last quarter. Finally, Equitable Trust Co. raised its position in shares of Tronox by 31.7% during the 4th quarter. Equitable Trust Co. now owns 46,790 shares of the company's stock worth $471,000 after purchasing an additional 11,275 shares during the last quarter. Hedge funds and other institutional investors own 73.36% of the company's stock.

Tronox Stock Performance

TROX traded up $0.60 during trading on Friday, reaching $5.70. The company's stock had a trading volume of 8,164,640 shares, compared to its average volume of 1,671,033. Tronox Holdings plc has a 52-week low of $4.35 and a 52-week high of $20.70. The company's fifty day moving average price is $5.48 and its 200-day moving average price is $8.18. The company has a market capitalization of $903.23 million, a price-to-earnings ratio of -18.39 and a beta of 1.40. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.90 and a current ratio of 2.47.

Tronox (NYSE:TROX - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported ($0.15) earnings per share for the quarter, missing analysts' consensus estimates 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 firm 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 company earned ($0.05) EPS. The business's revenue was down 4.7% on a year-over-year basis. On average, equities analysts forecast that Tronox Holdings plc will post 0.49 earnings per share for the current fiscal year.

Tronox Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Monday, May 19th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 8.77%. The ex-dividend date is Monday, May 19th. Tronox's dividend payout ratio is presently -52.63%.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

TROX has been the subject of a number of recent research reports. JPMorgan Chase & Co. upgraded shares of Tronox from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $5.00 to $7.00 in a report on Friday. Mizuho lowered their price objective 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 reiterated a "market perform" rating and issued a $7.00 target price (down from $13.00) on shares of Tronox in a report on Wednesday, May 7th. Morgan Stanley cut their price target on Tronox from $12.00 to $8.00 and set an "equal weight" rating on the stock in a research note on Monday, May 5th. Finally, Wall Street Zen cut Tronox from a "hold" rating to a "sell" rating in a research report on Monday, May 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $8.31.

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.