Lighthouse Investment Partners LLC Purchases Shares of 301,744 Tronox Holdings plc (NYSE:TROX)

Lighthouse Investment Partners LLC purchased a new stake in shares of Tronox Holdings plc (NYSE:TROX - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 301,744 shares of the company's stock, valued at approximately $3,039,000. Lighthouse Investment Partners LLC owned 0.19% of Tronox at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Sei Investments Co. raised its position in shares of Tronox by 39.9% during the 4th quarter. Sei Investments Co. now owns 284,353 shares of the company's stock worth $2,863,000 after purchasing an additional 81,078 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Tronox during the 4th quarter worth approximately $701,000. Bank of New York Mellon Corp raised its position in shares of Tronox by 26.5% during the 4th quarter. Bank of New York Mellon Corp now owns 2,630,144 shares of the company's stock worth $26,486,000 after purchasing an additional 551,645 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Tronox during the 4th quarter worth approximately $254,000. Finally, Vanguard Group Inc. raised its position in shares of 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 purchasing an additional 193,895 shares during the last quarter. 73.36% of the stock is currently owned by institutional investors and hedge funds.

Tronox Stock Up 1.2%

Shares of NYSE:TROX traded up $0.07 during trading on Friday, reaching $5.45. 3,424,503 shares of the company traded hands, compared to its average volume of 1,558,572. The firm has a fifty day simple moving average of $5.91 and a 200 day simple moving average of $8.68. The firm has a market cap of $859.97 million, a P/E ratio of -17.56 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 quick ratio of 0.90, a current ratio of 2.47 and a debt-to-equity ratio of 1.54.

Tronox (NYSE:TROX - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.17). The business had revenue of $738.00 million during the quarter, compared to analyst estimates of $745.96 million. Tronox had a negative net margin of 1.56% and a negative return on equity of 0.63%. The firm's revenue for the quarter was down 4.7% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.05) EPS. Analysts anticipate that Tronox Holdings plc will post 0.49 earnings per share for the current fiscal year.

Tronox Announces Dividend

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 dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $0.50 annualized dividend and a dividend yield of 9.18%. Tronox's payout ratio is -52.63%.

Insider Transactions at Tronox

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

Analysts Set New Price Targets

Several analysts have commented on TROX shares. The Goldman Sachs Group lowered their target price on shares of Tronox from $11.50 to $7.50 and set a "buy" rating for the company in a research note on Tuesday, May 6th. UBS Group lowered their target price on shares of Tronox from $11.00 to $10.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Truist Financial lowered their target price on shares of Tronox from $14.00 to $10.00 and set a "buy" rating for the company in a research note on Monday, April 14th. BMO Capital Markets reissued a "market perform" rating and set a $7.00 price objective (down from $13.00) on shares of Tronox in a research note on Wednesday, May 7th. Finally, Morgan Stanley lowered their price objective on shares of Tronox from $12.00 to $8.00 and set an "equal weight" rating for the company in a research note on Monday, May 5th. One research 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's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $9.64.

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.