Squarepoint Ops LLC Grows Stock Holdings in Tronox Holdings plc (NYSE:TROX)

Squarepoint Ops LLC boosted its position in Tronox Holdings plc (NYSE:TROX - Free Report) by 54.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 247,065 shares of the company's stock after acquiring an additional 86,900 shares during the quarter. Squarepoint Ops LLC owned 0.16% of Tronox worth $2,488,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Tronox by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 12,650,443 shares of the company's stock valued at $127,390,000 after acquiring an additional 193,895 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in shares of Tronox by 60.6% during the fourth quarter. Thrivent Financial for Lutherans now owns 6,938,289 shares of the company's stock valued at $69,869,000 after buying an additional 2,616,804 shares during the last quarter. Capital International Investors grew its stake in shares of Tronox by 14.8% during the fourth quarter. Capital International Investors now owns 6,060,943 shares of the company's stock valued at $61,034,000 after buying an additional 781,223 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. grew its stake in shares of Tronox by 5.2% during the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 2,799,111 shares of the company's stock valued at $28,187,000 after buying an additional 139,401 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of 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 buying an additional 551,645 shares during the last quarter. Institutional investors own 73.36% of the company's stock.

Insiders Place Their Bets

In related news, Director Stephen J. Jones acquired 30,000 shares of the stock in a transaction on Tuesday, March 18th. The stock was acquired at an average cost of $7.17 per share, for a total transaction of $215,100.00. Following the completion of the acquisition, 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jeffrey N. Neuman acquired 10,266 shares of the stock in a transaction 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 completion of the acquisition, the senior vice president now directly owns 10,266 shares of the company's stock, valued at $50,200.74. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on TROX shares. Mizuho reduced their price objective on Tronox from $11.00 to $9.00 and set a "neutral" rating on the stock in a research note on Thursday, March 13th. Morgan Stanley reduced their price objective 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. The Goldman Sachs Group reduced their price objective on Tronox from $11.50 to $7.50 and set a "buy" rating on the stock in a research note on Tuesday, May 6th. Truist Financial reduced their price objective on Tronox from $14.00 to $10.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, Wall Street Zen cut Tronox from a "hold" rating to a "sell" rating in a research note on Monday, May 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned 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 $8.31.

Tronox Trading Up 11.8%

Shares of Tronox stock traded up $0.60 during trading on Friday, reaching $5.70. 8,164,640 shares of the stock were exchanged, compared to its average volume of 1,668,999. The company has a quick ratio of 0.90, a current ratio of 2.47 and a debt-to-equity ratio of 1.54. The stock's fifty day moving average is $5.48 and its 200 day moving average is $8.20. The firm has a market cap of $903.23 million, a price-to-earnings ratio of -18.39 and a beta of 1.40. Tronox Holdings plc has a 1 year low of $4.35 and a 1 year high of $20.70.

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 analysts' expectations of $745.96 million. Tronox had a negative return on equity of 0.63% and a negative net margin of 1.56%. The business's revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.05) earnings per share. As a group, equities research analysts expect that Tronox Holdings plc will post 0.49 earnings per share for the current fiscal year.

Tronox Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Monday, May 19th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $0.50 annualized dividend and a yield of 8.77%. 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.