Renaissance Technologies LLC Takes Position in Tronox Holdings PLC $TROX

Key Points

• Renaissance Technologies bought 215,100 Tronox shares worth approximately $2.1 million, giving it a 0.14% stake. Institutional investors collectively own 73.36% of the company.
• Analyst sentiment remains cautious: Tronox has an average “Reduce” rating and a $7.25 price target, while Goldman Sachs downgraded its target to $6.50 and maintained a “sell” rating.
• Tronox reported a quarterly loss of $0.51 per share, missing estimates, despite revenue rising 18.7% year over year to $868 million. The company declared a quarterly dividend of $0.05 per share, yielding approximately 3.2% annually.

Renaissance Technologies LLC purchased a new stake in Tronox Holdings PLC (NYSE:TROX - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 215,100 shares of the company's stock, valued at approximately $2,102,000. Renaissance Technologies LLC owned about 0.14% of Tronox at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Headlands Technologies LLC purchased a new stake in Tronox during the second quarter valued at approximately $38,000. PNC Financial Services Group Inc. boosted its holdings in shares of Tronox by 292.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 8,715 shares of the company's stock worth $36,000 after purchasing an additional 6,493 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in shares of Tronox during the 3rd quarter valued at approximately $37,000. Aigen Investment Management LP bought a new position in shares of Tronox during the 4th quarter valued at approximately $43,000. Finally, Ballentine Partners LLC purchased a new stake in Tronox during the 4th quarter valued at $47,000. Hedge funds and other institutional investors own 73.36% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on TROX shares. The Goldman Sachs Group lowered their price target on Tronox from $9.00 to $6.50 and set a "sell" rating for the company in a research report on Wednesday, July 22nd. Truist Financial upgraded shares of Tronox from a "sell" rating to a "hold" rating and set a $7.00 price objective on the stock in a research report on Thursday, June 11th. Deutsche Bank Aktiengesellschaft set a $10.00 target price on shares of Tronox in a research note on Wednesday, May 20th. Weiss Ratings restated a "sell (d-)" rating on shares of Tronox in a report on Friday. Finally, Wall Street Zen cut shares of Tronox from a "hold" rating to a "sell" rating in a research note on Saturday, June 6th. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Reduce" and an average price target of $7.25.

Tronox Stock Performance

TROX stock opened at $6.20 on Tuesday. Tronox Holdings PLC has a twelve month low of $2.86 and a twelve month high of $10.59. The firm has a market cap of $989.02 million, a price-to-earnings ratio of -1.79 and a beta of 0.82. The business's fifty day simple moving average is $6.65 and its two-hundred day simple moving average is $7.57. The company has a quick ratio of 0.81, a current ratio of 2.55 and a debt-to-equity ratio of 2.62.

Tronox (NYSE:TROX - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported ($0.51) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.38) by ($0.13). The company had revenue of $868.00 million for the quarter, compared to analysts' expectations of $832.59 million. Tronox had a negative net margin of 17.96% and a negative return on equity of 24.34%. The firm's revenue for the quarter was up 18.7% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.28) earnings per share. Analysts predict that Tronox Holdings PLC will post -1.27 earnings per share for the current year.

Tronox Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Monday, August 10th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Monday, August 10th. Tronox's payout ratio is -5.78%.

Tronox Profile

Tronox Holdings plc is a vertically integrated global producer of titanium dioxide (TiO₂) pigment and specialty materials. The company's operations encompass the full supply chain for TiO₂, from mining and processing titanium-bearing ores—such as ilmenite and rutile—to the production of high-purity pigment for use in paints, coatings, plastics, paper and other industrial applications. In addition to TiO₂, Tronox's product portfolio includes zircon, rare earth byproducts and other specialty minerals that serve a range of industrial markets.

Tronox operates a network of mines, processing facilities and pigment plants located across North America, Europe, the Middle East, Australia and South Africa.

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