Graham Capital Management L.P. Decreases Stake in Tronox Holdings plc (NYSE:TROX)

Graham Capital Management L.P. lessened its stake in Tronox Holdings plc (NYSE:TROX - Free Report) by 56.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 42,990 shares of the company's stock after selling 54,855 shares during the period. Graham Capital Management L.P.'s holdings in Tronox were worth $433,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Deutsche Bank AG raised its holdings in Tronox by 52.8% in the 4th quarter. Deutsche Bank AG now owns 101,764 shares of the company's stock worth $1,025,000 after purchasing an additional 35,146 shares during the period. D. E. Shaw & Co. Inc. raised its stake in shares of Tronox by 246.4% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 419,203 shares of the company's stock worth $4,221,000 after buying an additional 298,187 shares during the period. Centiva Capital LP lifted its position in shares of Tronox by 117.7% during the 4th quarter. Centiva Capital LP now owns 35,980 shares of the company's stock valued at $362,000 after buying an additional 19,450 shares in the last quarter. Bridgeway Capital Management LLC grew its stake in shares of Tronox by 2.8% during the 4th quarter. Bridgeway Capital Management LLC now owns 1,302,820 shares of the company's stock valued at $13,119,000 after acquiring an additional 35,297 shares during the period. Finally, Captrust Financial Advisors grew its stake in shares of Tronox by 28.8% during the 4th quarter. Captrust Financial Advisors now owns 76,718 shares of the company's stock valued at $773,000 after acquiring an additional 17,153 shares during the period. 73.36% of the stock is currently owned by hedge funds and other institutional investors.

Tronox Price Performance

TROX traded down $0.05 during trading on Thursday, hitting $4.86. 719,420 shares of the company traded hands, compared to its average volume of 2,385,872. The company has a market cap of $766.79 million, a PE ratio of -15.66 and a beta of 1.40. Tronox Holdings plc has a 1 year low of $4.35 and a 1 year high of $20.70. The company has a current ratio of 2.47, a quick ratio of 0.90 and a debt-to-equity ratio of 1.54. The stock's 50-day simple moving average is $5.80 and its two-hundred day simple moving average is $8.54.

Tronox (NYSE:TROX - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported ($0.15) earnings per share 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 firm had revenue of $738.00 million for the quarter, compared to analysts' expectations of $745.96 million. During the same quarter in the previous year, the business earned ($0.05) EPS. The company's revenue for the quarter was down 4.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Tronox Holdings plc will post 0.49 earnings per share for the current fiscal year.

Tronox Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders 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 yield of 10.30%. The ex-dividend date is Monday, May 19th. Tronox's payout ratio is -52.63%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on TROX. Wall Street Zen downgraded shares of Tronox from a "hold" rating to a "sell" rating in a report on Monday, May 5th. The Goldman Sachs Group lowered their target price 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. Mizuho dropped their target price on shares of Tronox from $11.00 to $9.00 and set a "neutral" rating for the company in a report on Thursday, March 13th. Truist Financial cut their price target on Tronox from $14.00 to $10.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Finally, Morgan Stanley lowered their price objective on Tronox from $12.00 to $8.00 and set an "equal weight" rating on the stock in a research report on Monday, May 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $9.64.

Insiders Place Their Bets

In other news, SVP Jeffrey N. Neuman bought 10,266 shares of the stock in a transaction dated Wednesday, May 7th. The stock was purchased at an average price of $4.89 per share, for a total transaction 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. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Stephen J. Jones purchased 30,000 shares of the firm's stock in a transaction dated 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 purchase, the director now directly owns 30,000 shares of the company's stock, valued at approximately $215,100. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Corporate 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.