Two Sigma Advisers LP Boosts Stock Position in Tronox Holdings plc (NYSE:TROX)

Two Sigma Advisers LP boosted its stake in shares of Tronox Holdings plc (NYSE:TROX - Free Report) by 802.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 176,800 shares of the company's stock after buying an additional 157,200 shares during the period. Two Sigma Advisers LP owned approximately 0.11% of Tronox worth $1,780,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Two Sigma Investments LP increased its position in Tronox by 253.5% during the 4th quarter. Two Sigma Investments LP now owns 512,739 shares of the company's stock valued at $5,163,000 after buying an additional 367,675 shares in the last quarter. Sherbrooke Park Advisers LLC increased its position in Tronox by 138.1% during the 4th quarter. Sherbrooke Park Advisers LLC now owns 32,210 shares of the company's stock valued at $324,000 after buying an additional 18,680 shares in the last quarter. ProShare Advisors LLC increased its position in Tronox by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 33,455 shares of the company's stock valued at $337,000 after buying an additional 11,006 shares in the last quarter. Nuveen Asset Management LLC increased its position in Tronox by 11.1% during the 4th quarter. Nuveen Asset Management LLC now owns 1,898,216 shares of the company's stock valued at $19,115,000 after buying an additional 189,301 shares in the last quarter. Finally, Millennium Management LLC increased its position in Tronox by 63.3% during the 4th quarter. Millennium Management LLC now owns 670,697 shares of the company's stock valued at $6,754,000 after buying an additional 259,866 shares in the last quarter. Institutional investors own 73.36% of the company's stock.

Insider Activity

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

Tronox Stock Up 5.1%

TROX stock traded up $0.28 on Tuesday, hitting $5.66. 2,532,365 shares of the company's stock were exchanged, compared to its average volume of 1,687,589. Tronox Holdings plc has a 12-month low of $4.35 and a 12-month high of $20.29. The firm has a 50 day moving average price of $5.41 and a two-hundred day moving average price of $8.11. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.90 and a current ratio of 2.47. The stock has a market cap of $896.10 million, a P/E ratio of -18.24 and a beta of 1.40.

Tronox (NYSE:TROX - Get Free Report) last issued 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 firm had revenue of $738.00 million for the quarter, compared to analyst estimates of $745.96 million. During the same period in the prior year, the firm posted ($0.05) EPS. The business's revenue was down 4.7% compared to the same quarter last year. As a group, equities research analysts expect that Tronox Holdings plc will post 0.49 EPS for the current fiscal year.

Tronox Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Monday, May 19th will be issued a $0.125 dividend. The ex-dividend date is Monday, May 19th. This represents a $0.50 annualized dividend and a dividend yield of 8.84%. Tronox's dividend payout ratio (DPR) is presently -52.63%.

Analysts Set New Price Targets

TROX has been the subject of a number of research analyst reports. Wall Street Zen lowered Tronox from a "hold" rating to a "sell" rating in a report on Monday, May 5th. 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. Barclays cut their price objective on Tronox from $13.00 to $8.00 and set an "overweight" rating for the company in a report on Wednesday, May 28th. The Goldman Sachs Group lowered their target price on Tronox from $11.50 to $7.50 and set a "buy" rating on the stock in a research report on Tuesday, May 6th. Finally, JPMorgan Chase & Co. upgraded Tronox from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $5.00 to $7.00 in a research report on Friday. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $8.31.

Tronox Profile

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.