Lightrock Netherlands B.V. Purchases 750,145 Shares of Tronox Holdings PLC (NYSE:TROX)

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

Other hedge funds have also recently made changes to their positions in the company. Sterling Capital Management LLC raised its stake in shares of Tronox by 832.6% in 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 period. Mariner LLC bought a new stake in shares of Tronox during the 4th quarter valued at $105,000. Cibc World Markets Corp bought a new stake in shares of Tronox during the 4th quarter valued at $112,000. Atria Investments Inc bought a new stake in shares of Tronox during the 4th quarter valued at $112,000. Finally, GAMMA Investing LLC raised its stake in shares of Tronox by 1,070.2% during the 1st quarter. GAMMA Investing LLC now owns 11,257 shares of the company's stock valued at $79,000 after purchasing an additional 10,295 shares during the period. 73.36% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, SVP Jeffrey N. Neuman acquired 10,266 shares of Tronox stock in a transaction that occurred on Wednesday, May 7th. The stock was bought at an average price of $4.89 per share, with a total value of $50,200.74. Following the transaction, the senior vice president directly owned 10,266 shares in the company, valued at approximately $50,200.74. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

TROX has been the topic of a number of analyst reports. JPMorgan Chase & Co. upgraded Tronox from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $5.00 to $7.00 in a research note on Friday, May 30th. UBS Group decreased their target price on Tronox from $10.00 to $8.50 and set a "buy" rating on the stock in a research note on Wednesday, June 4th. Mizuho decreased their target price on Tronox from $11.00 to $9.00 and set a "neutral" rating on the stock in a research note on Thursday, March 13th. Barclays decreased their target price on Tronox from $13.00 to $8.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 28th. Finally, Wall Street Zen lowered Tronox from a "hold" rating to a "sell" rating in a research note on Monday, May 5th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $7.63.

Tronox Trading Up 0.9%

Shares of TROX stock opened at $5.58 on Friday. The stock has a market capitalization of $884.21 million, a PE ratio of -5.87 and a beta of 1.37. Tronox Holdings PLC has a 1-year low of $4.35 and a 1-year high of $17.45. The business has a 50-day moving average of $5.44 and a 200 day moving average of $7.18. 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 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 net margin of 4.94% and a negative return on equity of 1.57%. The company had revenue of $738.00 million for the quarter, compared to analysts' expectations of $745.96 million. During the same quarter in the prior year, the company earned ($0.05) earnings per share. The company's revenue was down 4.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Tronox Holdings PLC will post 0.49 earnings per share for the current year.

Tronox Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 2nd. Investors of record on Monday, May 19th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 8.96%. The ex-dividend date was Monday, May 19th. 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.

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