209,858 Shares in Tronox Holdings plc (NYSE:TROX) Acquired by Invenomic Capital Management LP

Invenomic Capital Management LP purchased a new stake in Tronox Holdings plc (NYSE:TROX - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 209,858 shares of the company's stock, valued at approximately $2,113,000. Invenomic Capital Management LP owned approximately 0.13% of Tronox at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in Tronox by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 12,650,443 shares of the company's stock worth $127,390,000 after acquiring an additional 193,895 shares during the period. Thrivent Financial for Lutherans grew its holdings in shares of Tronox by 60.6% in the 4th quarter. Thrivent Financial for Lutherans now owns 6,938,289 shares of the company's stock valued at $69,869,000 after buying an additional 2,616,804 shares during the period. Capital International Investors grew its holdings in shares of Tronox by 14.8% in the 4th quarter. Capital International Investors now owns 6,060,943 shares of the company's stock valued at $61,034,000 after buying an additional 781,223 shares during the period. Van Lanschot Kempen Investment Management N.V. grew its holdings in shares of Tronox by 5.2% in the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 2,799,111 shares of the company's stock valued at $28,187,000 after buying an additional 139,401 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in shares of Tronox by 26.5% in the 4th quarter. Bank of New York Mellon Corp now owns 2,630,144 shares of the company's stock valued at $26,486,000 after buying an additional 551,645 shares during the period. Institutional investors and hedge funds own 73.36% of the company's stock.

Tronox Stock Performance

TROX traded up $0.07 on Friday, reaching $5.45. The company had a trading volume of 3,424,503 shares, compared to its average volume of 1,561,966. Tronox Holdings plc has a fifty-two week low of $4.35 and a fifty-two week high of $20.70. The stock has a market cap of $859.97 million, a P/E ratio of -17.56 and a beta of 1.40. The company's fifty day moving average is $5.91 and its 200 day moving average is $8.66. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.90 and a current ratio of 2.47.

Tronox (NYSE:TROX - Get Free Report) last announced 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 net margin of 1.56% and a negative return on equity of 0.63%. The company had revenue of $738.00 million during the quarter, compared to analyst estimates of $745.96 million. During the same quarter last year, the company posted ($0.05) EPS. The firm's quarterly revenue was down 4.7% on a year-over-year basis. As a group, analysts predict that Tronox Holdings plc will post 0.49 earnings per share for the current fiscal year.

Tronox Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Monday, May 19th will be paid a $0.125 dividend. The ex-dividend date is Monday, May 19th. This represents a $0.50 dividend on an annualized basis and a yield of 9.18%. Tronox's dividend payout ratio (DPR) is currently -52.63%.

Wall Street Analysts Forecast Growth

TROX has been the subject of a number of research analyst reports. BMO Capital Markets reaffirmed a "market perform" rating and issued a $7.00 target price (down from $13.00) on shares of Tronox in a research note on Wednesday, May 7th. UBS Group lowered their target price on Tronox from $11.00 to $10.00 and set a "buy" rating for the company in a report on Thursday, May 1st. The Goldman Sachs Group lowered their target price on Tronox from $11.50 to $7.50 and set a "buy" rating for the company in a report on Tuesday, May 6th. Morgan Stanley lowered their target price on Tronox from $12.00 to $8.00 and set an "equal weight" rating for the company in a report on Monday, May 5th. Finally, StockNews.com cut Tronox from a "hold" rating to a "sell" rating in a report on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $9.64.

Insider Activity at Tronox

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

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.