Squarepoint Ops LLC Invests $4.36 Million in Tronox Holdings PLC $TROX

Key Points

• Squarepoint Ops LLC acquired 691,242 Tronox shares worth approximately $4.36 million in the second quarter, representing a 0.43% stake. Institutional investors collectively own 73.36% of the company.
• Tronox shares opened at $4.41, down 4.0%, with the stock trading well below its 50-day and 200-day moving averages. The company reported a quarterly loss of $0.51 per share, missing estimates, despite revenue increasing 18.7% year over year to $868 million.
• Analyst sentiment remains weak, with an average rating of “Reduce” and a $6.93 target price. Tronox declared a quarterly dividend of $0.05 per share, equivalent to a 4.5% annualized yield.

Squarepoint Ops LLC bought a new stake in Tronox Holdings PLC (NYSE:TROX - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 691,242 shares of the company's stock, valued at approximately $4,355,000. Squarepoint Ops LLC owned 0.43% of Tronox as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Headlands Technologies LLC purchased a new position in Tronox during the second quarter worth approximately $38,000. PNC Financial Services Group Inc. increased its holdings in shares of Tronox by 292.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 8,715 shares of the company's stock worth $36,000 after buying an additional 6,493 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Tronox in the 3rd quarter worth $37,000. Aigen Investment Management LP purchased a new position in shares of Tronox in the 4th quarter worth $43,000. Finally, Vise Technologies Inc. acquired a new position in Tronox in the fourth quarter valued at $47,000. Institutional investors and hedge funds own 73.36% of the company's stock.

Tronox Stock Down 4.0%

Shares of NYSE TROX opened at $4.41 on Friday. The stock has a fifty day moving average price of $5.77 and a 200 day moving average price of $7.28. The company has a current ratio of 2.55, a quick ratio of 0.81 and a debt-to-equity ratio of 2.62. Tronox Holdings PLC has a 12-month low of $2.86 and a 12-month high of $10.59. The company has a market cap of $703.48 million, a P/E ratio of -1.27 and a beta of 0.79.

Tronox (NYSE:TROX - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported ($0.51) EPS for the quarter, missing analysts' consensus estimates of ($0.38) by ($0.13). Tronox had a negative return on equity of 24.34% and a negative net margin of 17.96%.The company had revenue of $868.00 million for the quarter, compared to analyst estimates of $832.59 million. During the same quarter in the prior year, the firm earned ($0.28) EPS. The company's revenue for the quarter was up 18.7% compared to the same quarter last year. Research analysts anticipate that Tronox Holdings PLC will post -1.37 EPS for the current fiscal year.

Tronox Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Monday, August 10th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a $0.20 annualized dividend and a yield of 4.5%. Tronox's payout ratio is -5.78%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Weiss Ratings restated a "sell (d-)" rating on shares of Tronox in a research note on Friday, August 7th. The Goldman Sachs Group decreased their target price on Tronox from $9.00 to $6.50 and set a "sell" rating for the company in a report on Wednesday, July 22nd. JPMorgan Chase & Co. downgraded shares of Tronox from a "neutral" rating to an "underweight" rating and dropped their target price for the stock from $7.00 to $5.00 in a research report on Thursday, August 13th. Truist Financial upgraded shares of Tronox from a "sell" rating to a "hold" rating and set a $7.00 price target on the stock in a report on Thursday, June 11th. Finally, Wall Street Zen cut shares of Tronox from a "hold" rating to a "sell" rating in a research report on Saturday, June 6th. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Reduce" and an average target price of $6.93.

Tronox Company 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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