Marshall Wace LLP grew its position in Tronox Holdings plc (NYSE:TROX - Free Report) by 131.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 526,222 shares of the company's stock after buying an additional 298,629 shares during the period. Marshall Wace LLP owned approximately 0.33% of Tronox worth $5,299,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Sterling Capital Management LLC raised its stake in Tronox by 832.6% during the 4th quarter. Sterling Capital Management LLC now owns 3,805 shares of the company's stock worth $38,000 after acquiring an additional 3,397 shares during the period. KBC Group NV raised its holdings in Tronox by 59.4% during the fourth quarter. KBC Group NV now owns 6,949 shares of the company's stock valued at $70,000 after acquiring an additional 2,590 shares during the period. Mariner LLC purchased a new position in Tronox in the 4th quarter worth approximately $105,000. Atria Investments Inc bought a new position in Tronox in the 4th quarter worth approximately $112,000. Finally, Cibc World Markets Corp purchased a new stake in Tronox during the 4th quarter valued at approximately $112,000. Hedge funds and other institutional investors own 73.36% of the company's stock.
Tronox Price Performance
Shares of NYSE:TROX traded down $0.08 during trading on Tuesday, reaching $5.52. 332,733 shares of the company's stock traded hands, compared to its average volume of 1,401,545. The firm has a market cap of $871.03 million, a PE ratio of -17.82 and a beta of 1.53. Tronox Holdings plc has a fifty-two week low of $4.35 and a fifty-two week 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. The company has a 50-day simple moving average of $6.51 and a 200-day simple moving average of $9.41.
Tronox (NYSE:TROX - Get Free Report) last announced its earnings results on Wednesday, February 12th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.03). Tronox had a negative net margin of 1.56% and a negative return on equity of 0.63%. As a group, analysts predict that Tronox Holdings plc will post 0.49 earnings per share for the current year.
Tronox Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 9.07%. Tronox's dividend payout ratio is currently -161.29%.
Wall Street Analyst Weigh In
A number of brokerages recently commented on TROX. Truist Financial dropped 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. The Goldman Sachs Group lowered their price objective on shares of Tronox from $13.00 to $11.50 and set a "buy" rating for the company in a research report on Wednesday, February 26th. UBS Group decreased their target price on shares of Tronox from $16.00 to $15.00 and set a "buy" rating on the stock in a research report on Thursday, February 13th. Mizuho dropped their price target on Tronox from $11.00 to $9.00 and set a "neutral" rating for the company in a research report on Thursday, March 13th. Finally, Morgan Stanley lowered their price objective on Tronox from $16.00 to $12.00 and set an "equal weight" rating for the company in a research note on Monday, January 13th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $12.93.
View Our Latest Stock Report on TROX
Insider Activity
In other Tronox news, Director Stephen J. Jones acquired 30,000 shares of the business's stock in a transaction that occurred on Tuesday, March 18th. The stock was purchased at an average cost of $7.17 per share, with a total value of $215,100.00. Following the transaction, the director now owns 30,000 shares of the company's stock, valued at $215,100. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.70% of the company's stock.
About Tronox
(
Free Report)
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.
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