Kingsview Wealth Management LLC Invests $331,000 in Tronox Holdings PLC (NYSE:TROX)

Kingsview Wealth Management LLC purchased a new position in shares of Tronox Holdings PLC (NYSE:TROX - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 47,078 shares of the company's stock, valued at approximately $331,000.

Other large investors have also recently bought and sold shares of the company. Edgestream Partners L.P. bought a new stake in Tronox during the first quarter worth $3,620,000. CWM LLC raised its position in Tronox by 1,186.7% during the first quarter. CWM LLC now owns 10,731 shares of the company's stock worth $76,000 after acquiring an additional 9,897 shares in the last quarter. Nisa Investment Advisors LLC raised its position in Tronox by 763.5% during the first quarter. Nisa Investment Advisors LLC now owns 9,127 shares of the company's stock worth $65,000 after acquiring an additional 8,070 shares in the last quarter. Lightrock Netherlands B.V. raised its position 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 acquiring an additional 750,145 shares in the last quarter. Finally, Teacher Retirement System of Texas bought a new stake in Tronox during the first quarter worth $122,000. Institutional investors and hedge funds own 73.36% of the company's stock.

Insider Buying and Selling

In related news, SVP Jeffrey N. Neuman purchased 10,266 shares of the company's stock in a transaction that occurred on Wednesday, May 7th. The stock was acquired at an average price of $4.89 per share, with a total value of $50,200.74. Following the completion of the purchase, the senior vice president directly owned 10,266 shares in the company, valued at $50,200.74. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.70% of the stock is currently owned by company insiders.

Tronox Stock Performance

Shares of TROX traded up $0.20 during midday trading on Friday, reaching $5.82. 4,055,669 shares of the stock were exchanged, compared to its average volume of 2,532,551. Tronox Holdings PLC has a twelve month low of $4.35 and a twelve month high of $16.57. The company has a quick ratio of 0.61, a current ratio of 2.28 and a debt-to-equity ratio of 1.61. The company has a market cap of $922.87 million, a P/E ratio of -6.13 and a beta of 1.37. The stock's 50 day simple moving average is $5.48 and its 200 day simple moving average is $6.72.

Tronox (NYSE:TROX - Get Free Report) last posted its 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). The firm had revenue of $738.00 million for the quarter, compared to analyst estimates of $745.96 million. Tronox had a negative return on equity of 1.57% and a negative net margin of 4.94%. The firm's quarterly revenue was down 4.7% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.05) EPS. On average, sell-side analysts expect that Tronox Holdings PLC will post 0.49 earnings per share for the current year.

Tronox Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 2nd. Investors of record on Monday, May 19th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 8.59%. The ex-dividend date of this dividend was Monday, May 19th. Tronox's dividend payout ratio (DPR) is presently -52.63%.

Analyst Ratings Changes

TROX has been the topic of several analyst reports. UBS Group dropped their price target on shares of Tronox from $8.50 to $8.00 and set a "buy" rating on the stock in a research report on Wednesday, July 9th. Wall Street Zen downgraded shares of Tronox from a "hold" rating to a "sell" rating in a report on Monday, May 5th. The Goldman Sachs Group cut their target price on shares of Tronox from $11.50 to $7.50 and set a "buy" rating for the company in a research note on Tuesday, May 6th. JPMorgan Chase & Co. upgraded shares of Tronox from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $5.00 to $7.00 in a research note on Friday, May 30th. Finally, Morgan Stanley cut their target price on shares of Tronox from $12.00 to $8.00 and set an "equal weight" rating for the company in a research note on Monday, May 5th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average 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.