Tronox Holdings plc (NYSE:TROX) Shares Purchased by Two Sigma Investments LP

Two Sigma Investments LP raised its holdings in Tronox Holdings plc (NYSE:TROX - Free Report) by 253.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 512,739 shares of the company's stock after purchasing an additional 367,675 shares during the period. Two Sigma Investments LP owned 0.32% of Tronox worth $5,163,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Sei Investments Co. lifted its holdings in shares of Tronox by 39.9% in the fourth quarter. Sei Investments Co. now owns 284,353 shares of the company's stock valued at $2,863,000 after purchasing an additional 81,078 shares in the last quarter. Deutsche Bank AG lifted its holdings in shares of Tronox by 52.8% in the fourth quarter. Deutsche Bank AG now owns 101,764 shares of the company's stock valued at $1,025,000 after purchasing an additional 35,146 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Tronox in the fourth quarter valued at about $701,000. Bank of New York Mellon Corp lifted 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 period. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Tronox during the fourth quarter valued at approximately $254,000. Hedge funds and other institutional investors own 73.36% of the company's stock.

Analyst Ratings Changes

TROX has been the topic of several recent analyst reports. Morgan Stanley reduced their price objective on shares of Tronox from $12.00 to $8.00 and set an "equal weight" rating on the stock in a research note on Monday, May 5th. Truist Financial reduced 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. The Goldman Sachs Group reduced their price objective on shares of Tronox from $11.50 to $7.50 and set a "buy" rating on the stock in a research note on Tuesday, May 6th. Wall Street Zen downgraded shares of Tronox from a "hold" rating to a "sell" rating in a research note on Monday, May 5th. Finally, Barclays cut their price target on shares of Tronox from $13.00 to $8.00 and set an "overweight" rating on the stock in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Tronox currently has an average rating of "Hold" and a consensus target price of $8.31.

Tronox Trading Up 11.8%

Shares of TROX stock traded up $0.60 during mid-day trading on Friday, reaching $5.70. The company's stock had a trading volume of 8,164,640 shares, compared to its average volume of 1,668,999. The company's 50 day simple moving average is $5.48 and its 200-day simple moving average is $8.20. Tronox Holdings plc has a 12-month low of $4.35 and a 12-month high of $20.70. 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 firm has a market capitalization of $903.23 million, a PE ratio of -18.39 and a beta of 1.40.

Tronox (NYSE:TROX - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported ($0.15) EPS for the quarter, missing analysts' consensus estimates of $0.02 by ($0.17). Tronox had a negative net margin of 1.56% and a negative return on equity of 0.63%. The business had revenue of $738.00 million during the quarter, compared to analysts' expectations of $745.96 million. During the same period in the prior year, the business posted ($0.05) EPS. The business's revenue was down 4.7% on a year-over-year basis. On average, research analysts predict that Tronox Holdings plc will post 0.49 EPS for the current fiscal year.

Tronox Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Monday, May 19th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 8.77%. The ex-dividend date of this dividend is Monday, May 19th. Tronox's dividend payout ratio is presently -52.63%.

Insider Activity

In related news, SVP Jeffrey N. Neuman acquired 10,266 shares of the firm's stock in a transaction on Wednesday, May 7th. The stock was bought at an average cost of $4.89 per share, with a total value of $50,200.74. Following the acquisition, the senior vice president now directly owns 10,266 shares in the company, valued at approximately $50,200.74. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stephen J. Jones acquired 30,000 shares of the firm's stock in a transaction on Tuesday, March 18th. The shares were bought at an average cost of $7.17 per share, with a total value of $215,100.00. Following the completion of the acquisition, the director now owns 30,000 shares in the company, valued at $215,100. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.70% of the company's stock.

About Tronox

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.