Luminus Management LLC Has $514,000 Stake in Tronox Holdings plc (NYSE:TROX)

Luminus Management LLC decreased its position in shares of Tronox Holdings plc (NYSE:TROX - Free Report) by 95.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,993 shares of the company's stock after selling 1,108,062 shares during the period. Tronox accounts for about 0.6% of Luminus Management LLC's investment portfolio, making the stock its 13th largest holding. Luminus Management LLC's holdings in Tronox were worth $514,000 at the end of the most recent reporting period.

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

Tronox Price Performance

Shares of TROX traded down $0.13 during mid-day trading on Wednesday, reaching $5.56. The company had a trading volume of 4,683,389 shares, compared to its average volume of 1,535,016. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.47 and a quick ratio of 0.90. The company has a market capitalization of $878.14 million, a P/E ratio of -17.93 and a beta of 1.40. Tronox Holdings plc has a twelve month low of $4.35 and a twelve month high of $20.70. The company's 50-day moving average is $5.98 and its 200-day moving average is $8.78.

Tronox (NYSE:TROX - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $738.00 million during the quarter, compared to the consensus estimate of $745.96 million. During the same quarter last year, the company earned ($0.05) earnings per share. The business's revenue was down 4.7% on a year-over-year basis. On average, equities analysts anticipate that Tronox Holdings plc will post 0.49 EPS for the current year.

Tronox Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Monday, May 19th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 8.99%. The ex-dividend date is Monday, May 19th. Tronox's dividend payout ratio (DPR) is currently -52.63%.

Insider Activity at Tronox

In other Tronox news, 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 price of $4.89 per share, with a total value of $50,200.74. Following the completion of the purchase, the senior vice president now owns 10,266 shares in the company, valued at $50,200.74. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Stephen J. Jones bought 30,000 shares of the firm's stock in a transaction dated 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 acquisition, the director now directly owns 30,000 shares of the company's stock, valued at approximately $215,100. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 1.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on TROX shares. Morgan Stanley dropped their target price on shares of Tronox from $12.00 to $8.00 and set an "equal weight" rating on the stock in a report on Monday, May 5th. The Goldman Sachs Group reduced their price objective on Tronox from $11.50 to $7.50 and set a "buy" rating for the company in a research report on Tuesday, May 6th. Truist Financial decreased their price objective on Tronox from $14.00 to $10.00 and set a "buy" rating on the stock in a report on Monday, April 14th. UBS Group cut their target price on Tronox from $11.00 to $10.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Finally, BMO Capital Markets reiterated a "market perform" rating and set a $7.00 price target (down previously from $13.00) on shares of Tronox in a research note on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target 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.