Tronox Holdings PLC $TROX is Lightrock Netherlands B.V.'s 10th Largest Position

Key Points

• Lightrock Netherlands B.V. cut its Tronox stake by 30.8% in the first quarter, though Tronox still remains its 10th largest holding and 2.1% of its portfolio.
• Wall Street sentiment on Tronox is mostly cautious: analysts currently have an average rating of “Reduce” with an average price target of $7.14.
• Tronox reported a wider-than-expected quarterly loss, posting EPS of -$0.55 versus estimates of -$0.48, even as revenue came in slightly above expectations at $760 million.

Lightrock Netherlands B.V. decreased its stake in Tronox Holdings PLC (NYSE:TROX - Free Report) by 30.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,110,792 shares of the company's stock after selling 940,494 shares during the period. Tronox makes up 2.1% of Lightrock Netherlands B.V.'s investment portfolio, making the stock its 10th largest holding. Lightrock Netherlands B.V. owned 1.33% of Tronox worth $20,622,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in TROX. Shah Capital Management lifted its position in shares of Tronox by 650.0% during the 4th quarter. Shah Capital Management now owns 3,000,000 shares of the company's stock valued at $12,510,000 after acquiring an additional 2,600,000 shares during the period. Monaco Asset Management SAM acquired a new stake in shares of Tronox in the 4th quarter worth approximately $2,382,000. Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in shares of Tronox by 38.2% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 723,164 shares of the company's stock worth $3,023,000 after acquiring an additional 200,000 shares during the period. Credit Capital Investments LLC grew its holdings in shares of Tronox by 624.2% in the 4th quarter. Credit Capital Investments LLC now owns 325,872 shares of the company's stock worth $1,359,000 after acquiring an additional 280,872 shares during the period. Finally, Van Lanschot Kempen Investment Management N.V. increased its stake in Tronox by 123.0% in the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 4,347,134 shares of the company's stock valued at $18,128,000 after purchasing an additional 2,398,038 shares in the last quarter. Hedge funds and other institutional investors own 73.36% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Wall Street Zen lowered Tronox from a "hold" rating to a "sell" rating in a report on Saturday, June 6th. Truist Financial raised Tronox from a "sell" rating to a "hold" rating and set a $7.00 price target for the company in a research note on Thursday, June 11th. Weiss Ratings lowered shares of Tronox from a "sell (d)" rating to a "sell (d-)" rating in a research report on Monday, May 11th. Deutsche Bank Aktiengesellschaft set a $10.00 price objective on shares of Tronox in a research note on Wednesday, May 20th. Finally, UBS Group increased their price target on shares of Tronox from $7.50 to $9.00 and gave the company a "neutral" rating in a research report on Thursday, April 9th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Reduce" and an average price target of $7.14.

Tronox Stock Performance

NYSE TROX opened at $5.75 on Friday. The business's 50-day moving average price is $7.32 and its 200 day moving average price is $7.44. The company has a current ratio of 2.42, a quick ratio of 0.66 and a debt-to-equity ratio of 2.36. Tronox Holdings PLC has a twelve month low of $2.86 and a twelve month high of $10.59. The company has a market capitalization of $917.88 million, a PE ratio of -1.97 and a beta of 0.80.

Tronox (NYSE:TROX - Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The company reported ($0.55) EPS for the quarter, missing analysts' consensus estimates of ($0.48) by ($0.07). The company had revenue of $760.00 million for the quarter, compared to analyst estimates of $751.38 million. Tronox had a negative net margin of 15.82% and a negative return on equity of 19.93%. The company's revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.15) EPS. On average, research analysts predict that Tronox Holdings PLC will post -1.19 earnings per share for the current year.

Tronox Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 8th. Investors of record on Monday, May 11th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $0.20 annualized dividend and a yield of 3.5%. Tronox's dividend payout ratio is -6.85%.

About Tronox

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.

Want to see what other hedge funds are holding TROX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tronox Holdings PLC (NYSE:TROX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.