Voloridge Investment Management LLC Boosts Position in Tronox Holdings plc (NYSE:TROX)

Voloridge Investment Management LLC boosted its holdings in shares of Tronox Holdings plc (NYSE:TROX - Free Report) by 34.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 510,886 shares of the company's stock after buying an additional 131,196 shares during the quarter. Voloridge Investment Management LLC owned approximately 0.32% of Tronox worth $5,145,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Barclays PLC lifted its holdings in Tronox by 320.1% during the third quarter. Barclays PLC now owns 182,629 shares of the company's stock valued at $2,672,000 after purchasing an additional 139,161 shares in the last quarter. SG Americas Securities LLC lifted its holdings in Tronox by 123.9% during the fourth quarter. SG Americas Securities LLC now owns 40,195 shares of the company's stock valued at $405,000 after purchasing an additional 22,242 shares in the last quarter. KBC Group NV lifted its holdings in Tronox by 59.4% during the fourth quarter. KBC Group NV now owns 6,949 shares of the company's stock valued at $70,000 after purchasing an additional 2,590 shares in the last quarter. Empowered Funds LLC lifted its holdings in Tronox by 5.1% during the fourth quarter. Empowered Funds LLC now owns 728,282 shares of the company's stock valued at $7,334,000 after purchasing an additional 35,495 shares in the last quarter. Finally, Equitable Trust Co. lifted its holdings in Tronox by 31.7% during the fourth quarter. Equitable Trust Co. now owns 46,790 shares of the company's stock valued at $471,000 after purchasing an additional 11,275 shares in the last quarter. 73.36% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on TROX. Truist Financial lowered their price target on shares of Tronox from $14.00 to $10.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Morgan Stanley lowered their price target on shares of Tronox from $12.00 to $8.00 and set an "equal weight" rating on the stock in a report on Monday, May 5th. The Goldman Sachs Group lowered their price target on shares of Tronox from $11.50 to $7.50 and set a "buy" rating on the stock in a report on Tuesday, May 6th. Wall Street Zen downgraded shares of Tronox from a "hold" rating to a "sell" rating in a report on Monday, May 5th. Finally, BMO Capital Markets reissued a "market perform" rating and issued a $7.00 target price (down previously from $13.00) on shares of Tronox in a report on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $8.31.

Tronox Price Performance

Tronox stock traded up $0.60 during mid-day trading on Friday, reaching $5.70. 8,164,640 shares of the company's stock traded hands, compared to its average volume of 1,668,999. The company has a market cap of $903.23 million, a price-to-earnings ratio of -18.39 and a beta of 1.40. The stock has a 50 day moving average of $5.48 and a two-hundred day moving average of $8.20. The company has a quick ratio of 0.90, a current ratio of 2.47 and a debt-to-equity ratio of 1.54. Tronox Holdings plc has a 12-month low of $4.35 and a 12-month high of $20.70.

Tronox (NYSE:TROX - Get Free Report) last posted its quarterly 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 return on equity of 0.63% and a negative net margin of 1.56%. The company had revenue of $738.00 million during the quarter, compared to the consensus estimate of $745.96 million. During the same quarter in the previous year, the company posted ($0.05) earnings per share. The company's revenue for the quarter was down 4.7% on a year-over-year basis. Equities analysts forecast that Tronox Holdings plc will post 0.49 earnings per share for the current year.

Tronox Announces Dividend

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

Insiders Place Their Bets

In related news, Director Stephen J. Jones acquired 30,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 18th. The stock was purchased at an average cost of $7.17 per share, with a total value of $215,100.00. Following the transaction, the director now directly owns 30,000 shares of the company's stock, valued at $215,100. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Jeffrey N. Neuman acquired 10,266 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the senior vice president now directly owns 10,266 shares in the company, valued at $50,200.74. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.70% of the stock is owned by company insiders.

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.