Mesirow Institutional Investment Management Inc. raised its stake in Tronox Holdings plc (NYSE:TROX - Free Report) by 32.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 986,860 shares of the company's stock after acquiring an additional 243,475 shares during the quarter. Tronox makes up 1.3% of Mesirow Institutional Investment Management Inc.'s portfolio, making the stock its 26th biggest holding. Mesirow Institutional Investment Management Inc. owned approximately 0.63% of Tronox worth $13,974,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also made changes to their positions in TROX. Vanguard Group Inc. raised its stake 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 purchasing an additional 41,481 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Tronox by 7.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,951,090 shares of the company's stock worth $27,627,000 after acquiring an additional 127,718 shares during the last quarter. American Century Companies Inc. grew its stake in Tronox by 10.1% in the 3rd quarter. American Century Companies Inc. now owns 1,851,361 shares of the company's stock worth $24,882,000 after acquiring an additional 169,544 shares during the period. Victory Capital Management Inc. raised its holdings in Tronox by 12.2% in the 3rd quarter. Victory Capital Management Inc. now owns 1,650,711 shares of the company's stock valued at $22,186,000 after acquiring an additional 179,352 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of Tronox by 42.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,210,243 shares of the company's stock worth $16,266,000 after purchasing an additional 361,727 shares during the period. 73.36% of the stock is currently owned by hedge funds and other institutional investors.
Tronox Trading Down 0.4 %
Shares of NYSE:TROX traded down $0.07 during trading on Friday, reaching $19.11. 762,330 shares of the stock were exchanged, compared to its average volume of 1,171,578. The firm's 50-day moving average price is $17.02 and its 200 day moving average price is $14.49. The firm has a market cap of $3.00 billion, a price-to-earnings ratio of -8.57, a price-to-earnings-growth ratio of 22.36 and a beta of 1.91. Tronox Holdings plc has a 12-month low of $10.08 and a 12-month high of $19.75. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.09 and a current ratio of 3.12.
Tronox (NYSE:TROX - Get Free Report) last released its quarterly earnings data on Wednesday, May 1st. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.06). The business had revenue of $774.00 million during the quarter, compared to analyst estimates of $753.98 million. Tronox had a negative return on equity of 2.74% and a negative net margin of 11.93%. Tronox's revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.15 EPS. On average, sell-side analysts anticipate that Tronox Holdings plc will post 0.7 earnings per share for the current fiscal year.
Tronox Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Monday, May 20th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date of this dividend is Friday, May 17th. Tronox's dividend payout ratio is presently -22.42%.
Analyst Ratings Changes
Several equities analysts recently commented on TROX shares. BMO Capital Markets upped their target price on Tronox from $19.00 to $24.00 and gave the company an "outperform" rating in a research note on Friday, May 3rd. StockNews.com downgraded shares of Tronox from a "hold" rating to a "sell" rating in a research note on Saturday, May 4th. Finally, The Goldman Sachs Group raised their target price on shares of Tronox from $17.00 to $22.00 and gave the stock a "buy" rating in a research report on Monday, May 6th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $16.29.
Read Our Latest Stock Report on TROX
Tronox Profile
(
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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