Russell Investments Group Ltd. Reduces Stock Holdings in Tronox Holdings plc (NYSE:TROX)

Russell Investments Group Ltd. decreased its position in Tronox Holdings plc (NYSE:TROX - Free Report) by 37.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,410,858 shares of the company's stock after selling 852,569 shares during the period. Russell Investments Group Ltd. owned 0.90% of Tronox worth $19,978,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its position in Tronox by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 12,476,001 shares of the company's stock valued at $167,677,000 after acquiring an additional 41,481 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Tronox by 10.1% in the third quarter. American Century Companies Inc. now owns 1,851,361 shares of the company's stock valued at $24,882,000 after purchasing an additional 169,544 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Tronox by 8.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,823,372 shares of the company's stock valued at $24,506,000 after purchasing an additional 149,296 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Tronox by 12.2% during the third quarter. Victory Capital Management Inc. now owns 1,650,711 shares of the company's stock worth $22,186,000 after acquiring an additional 179,352 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its position in Tronox by 42.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,210,243 shares of the company's stock valued at $16,266,000 after purchasing an additional 361,727 shares in the last quarter. Hedge funds and other institutional investors own 73.36% of the company's stock.

Analyst Upgrades and Downgrades

TROX has been the topic of several recent analyst reports. StockNews.com raised Tronox from a "sell" rating to a "hold" rating in a report on Friday, April 26th. BMO Capital Markets increased their target price on Tronox from $19.00 to $24.00 and gave the company an "outperform" rating in a report on Friday. Finally, UBS Group increased their target price on Tronox from $13.00 to $14.00 and gave the company a "neutral" rating in a report on Thursday, January 11th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $15.33.

Tronox Stock Performance

NYSE TROX traded down $0.34 during trading hours on Friday, hitting $18.84. The company had a trading volume of 1,566,586 shares, compared to its average volume of 1,183,202. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.95 and a current ratio of 2.84. Tronox Holdings plc has a 1-year low of $10.08 and a 1-year high of $19.75. The company has a market cap of $2.95 billion, a PE ratio of -8.59, a price-to-earnings-growth ratio of 23.00 and a beta of 1.91. The business has a 50 day moving average of $16.51 and a 200-day moving average of $14.13.

Tronox (NYSE:TROX - Get Free Report) last announced its earnings results on Wednesday, May 1st. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.06). Tronox had a negative return on equity of 2.70% and a negative net margin of 11.93%. The business had revenue of $774.00 million for the quarter, compared to analyst estimates of $753.98 million. During the same quarter last year, the company posted $0.15 EPS. Tronox's quarterly revenue was up 9.3% on a year-over-year basis. As a group, equities research analysts expect that Tronox Holdings plc will post 0.6 EPS for the current year.

Tronox Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Monday, March 4th were paid a dividend of $0.125 per share. The ex-dividend date was Friday, March 1st. This represents a $0.50 annualized dividend and a dividend yield of 2.65%. Tronox's dividend payout ratio (DPR) is -22.42%.

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.