Lighthouse Investment Partners LLC Takes $3.04 Million Position in Tronox Holdings plc (NYSE:TROX)

Lighthouse Investment Partners LLC acquired a new position in shares of Tronox Holdings plc (NYSE:TROX - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 301,744 shares of the company's stock, valued at approximately $3,039,000. Lighthouse Investment Partners LLC owned 0.19% of Tronox as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Sterling Capital Management LLC boosted its holdings in Tronox by 832.6% during the fourth quarter. Sterling Capital Management LLC now owns 3,805 shares of the company's stock worth $38,000 after buying an additional 3,397 shares during the last quarter. KBC Group NV boosted its stake in Tronox by 59.4% during the 4th quarter. KBC Group NV now owns 6,949 shares of the company's stock worth $70,000 after acquiring an additional 2,590 shares during the last quarter. Mariner LLC bought a new position in Tronox during the 4th quarter worth approximately $105,000. Cibc World Markets Corp acquired a new position in Tronox during the fourth quarter valued at approximately $112,000. Finally, Atria Investments Inc bought a new stake in Tronox in the fourth quarter valued at approximately $112,000. 73.36% of the stock is owned by institutional investors and hedge funds.

Tronox Stock Down 1.0%

Shares of Tronox stock traded down $0.06 during trading hours on Monday, reaching $5.25. 683,754 shares of the company's stock were exchanged, compared to its average volume of 1,558,672. 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 company has a 50 day moving average of $5.91 and a two-hundred day moving average of $8.63. The stock has a market cap of $828.38 million, a P/E ratio of -16.92 and a beta of 1.40. Tronox Holdings plc has a fifty-two week low of $4.35 and a fifty-two week high of $20.70.

Tronox (NYSE:TROX - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $738.00 million for the quarter, compared to analyst estimates of $745.96 million. During the same period last year, the firm earned ($0.05) EPS. The firm's revenue for the quarter was down 4.7% compared to the same quarter last year. On average, sell-side analysts forecast that Tronox Holdings plc will post 0.49 EPS for the current fiscal year.

Tronox Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Monday, May 19th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 9.53%. The ex-dividend date is Monday, May 19th. Tronox's dividend payout ratio (DPR) is currently -52.63%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Truist Financial reduced their target price on Tronox from $14.00 to $10.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Morgan Stanley decreased their price objective on Tronox from $12.00 to $8.00 and set an "equal weight" rating for the company in a research report on Monday, May 5th. The Goldman Sachs Group dropped their target price on shares of Tronox from $11.50 to $7.50 and set a "buy" rating on the stock in a report on Tuesday, May 6th. BMO Capital Markets reiterated a "market perform" rating and issued a $7.00 price target (down previously from $13.00) on shares of Tronox in a report on Wednesday, May 7th. Finally, StockNews.com downgraded shares of Tronox from a "hold" rating to a "sell" rating in a research report on Monday, May 5th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $9.64.

Insider Buying and Selling at Tronox

In other Tronox news, Director Stephen J. Jones purchased 30,000 shares of the company's stock in a transaction that occurred 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 purchase, the director now owns 30,000 shares in the company, valued at approximately $215,100. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Jeffrey N. Neuman acquired 10,266 shares of Tronox stock in a transaction on Wednesday, May 7th. The shares were bought at an average cost of $4.89 per share, with a total value of $50,200.74. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.70% of the company's stock.

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.