UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Stock Holdings in Tronox Holdings plc (NYSE:TROX)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Tronox Holdings plc (NYSE:TROX - Free Report) by 16.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 325,111 shares of the company's stock after acquiring an additional 46,230 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.21% of Tronox worth $3,274,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Sterling Capital Management LLC raised its holdings in shares of Tronox by 832.6% in the fourth quarter. Sterling Capital Management LLC now owns 3,805 shares of the company's stock valued at $38,000 after purchasing an additional 3,397 shares during the last quarter. KBC Group NV raised its holdings in shares of Tronox by 59.4% in 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 during the last quarter. Mariner LLC acquired a new stake in shares of Tronox in the fourth quarter valued at approximately $105,000. Atria Investments Inc bought a new position in shares of Tronox in the fourth quarter valued at $112,000. Finally, Cibc World Markets Corp bought a new position in shares of Tronox in the fourth quarter valued at $112,000. 73.36% of the stock is currently owned by institutional investors and hedge funds.

Tronox Price Performance

Shares of NYSE TROX traded up $0.16 during trading hours on Friday, reaching $5.88. 1,794,327 shares of the stock traded hands, compared to its average volume of 1,706,678. The company has a market capitalization of $931.76 million, a P/E ratio of -18.97 and a beta of 1.40. 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 52-week low of $4.35 and a 52-week high of $20.29. The company's 50-day simple moving average is $5.34 and its two-hundred day simple moving average is $8.02.

Tronox (NYSE:TROX - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts' expectations of $745.96 million. During the same period last year, the firm posted ($0.05) earnings per share. Tronox's quarterly revenue was down 4.7% on a year-over-year basis. Equities research analysts forecast that Tronox Holdings plc will post 0.49 EPS for the current year.

Tronox Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Monday, May 19th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 8.50%. The ex-dividend date is Monday, May 19th. Tronox's dividend payout ratio (DPR) is presently -52.63%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. raised shares of Tronox from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $5.00 to $7.00 in a research report on Friday, May 30th. 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 research report on Wednesday, May 7th. Mizuho reduced their target price on shares of Tronox from $11.00 to $9.00 and set a "neutral" rating for the company in a research report on Thursday, March 13th. Barclays reduced their target price on shares of Tronox from $13.00 to $8.00 and set an "overweight" rating for the company in a research report on Wednesday, May 28th. Finally, The Goldman Sachs Group reduced their target price on shares of Tronox from $11.50 to $7.50 and set a "buy" rating for the company in a research report on Tuesday, May 6th. One investment 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. Based on data from MarketBeat, Tronox presently has a consensus rating of "Hold" and a consensus price target of $8.13.

Insider Activity at Tronox

In other news, Director Stephen J. Jones purchased 30,000 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The stock was bought at an average cost of $7.17 per share, with a total value of $215,100.00. Following the completion of the purchase, the director now owns 30,000 shares in the company, valued at approximately $215,100. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Jeffrey N. Neuman purchased 10,266 shares of Tronox stock in a transaction dated Wednesday, May 7th. The stock was acquired at an average price of $4.89 per share, for a total transaction of $50,200.74. Following the completion of the acquisition, the senior vice president now owns 10,266 shares of the company's stock, valued at approximately $50,200.74. This trade represents a ∞ increase in their position. 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.