Lightrock Netherlands B.V. Boosts Stock Position in Tronox Holdings PLC (NYSE:TROX)

Lightrock Netherlands B.V. boosted its position in shares of Tronox Holdings PLC (NYSE:TROX - Free Report) by 82.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,657,579 shares of the company's stock after acquiring an additional 750,145 shares during the period. Tronox accounts for about 3.1% of Lightrock Netherlands B.V.'s holdings, making the stock its 12th biggest position. Lightrock Netherlands B.V. owned 1.05% of Tronox worth $11,689,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its position in Tronox by 26.5% during the fourth quarter. Bank of New York Mellon Corp now owns 2,630,144 shares of the company's stock valued at $26,486,000 after purchasing an additional 551,645 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Tronox by 11.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,456,867 shares of the company's stock worth $24,741,000 after buying an additional 244,646 shares during the period. Atria Investments Inc purchased a new position in Tronox during the 4th quarter valued at $112,000. Raymond James Financial Inc. purchased a new position in Tronox during the 4th quarter valued at $701,000. Finally, Inceptionr LLC purchased a new position in Tronox during the 4th quarter valued at $411,000. Hedge funds and other institutional investors own 73.36% of the company's stock.

Insider Buying and Selling at Tronox

In other Tronox news, SVP Jeffrey N. Neuman bought 10,266 shares of the firm's stock in a transaction dated 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 transaction, the senior vice president owned 10,266 shares in the company, valued at $50,200.74. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.70% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on TROX shares. Barclays reduced their target price on shares of Tronox from $13.00 to $8.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 28th. BMO Capital Markets cut shares of Tronox from a "market perform" rating to an "underperform" rating and lowered their target price for the company from $7.00 to $3.00 in a research note on Monday, June 30th. Truist Financial lowered their price objective on shares of Tronox from $14.00 to $10.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Wall Street Zen lowered shares of Tronox from a "hold" rating to a "sell" rating in a report on Monday, May 5th. Finally, JPMorgan Chase & Co. raised 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, May 30th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Tronox presently has a consensus rating of "Hold" and a consensus target price of $7.63.

Tronox Price Performance

Shares of NYSE TROX traded up $0.45 during midday trading on Tuesday, reaching $5.68. 2,589,433 shares of the stock traded hands, compared to its average volume of 1,811,511. The stock has a market capitalization of $900.05 million, a PE ratio of -5.98 and a beta of 1.37. The company's 50 day moving average is $5.43 and its 200 day moving average is $7.09. Tronox Holdings PLC has a one year low of $4.35 and a one year high of $17.45. The company has a debt-to-equity ratio of 1.61, a current ratio of 2.28 and a quick ratio of 0.61.

Tronox (NYSE:TROX - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.02 by ($0.17). The company had revenue of $738.00 million during the quarter, compared to the consensus estimate 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 quarter in the prior year, the business earned ($0.05) earnings per share. On average, equities research analysts anticipate that Tronox Holdings PLC will post 0.49 earnings per share for the current year.

Tronox Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 2nd. Investors of record on Monday, May 19th were given a $0.125 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $0.50 dividend on an annualized basis and a yield of 8.80%. Tronox's dividend payout ratio 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.