Renaissance Technologies LLC Decreases Position in Tronox Holdings plc (NYSE:TROX)

Renaissance Technologies LLC trimmed its position in shares of Tronox Holdings plc (NYSE:TROX - Free Report) by 73.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,900 shares of the company's stock after selling 106,100 shares during the quarter. Renaissance Technologies LLC's holdings in Tronox were worth $382,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. KBC Group NV lifted its position in shares of Tronox by 59.4% during the fourth quarter. KBC Group NV now owns 6,949 shares of the company's stock worth $70,000 after purchasing an additional 2,590 shares during the last quarter. Harbor Capital Advisors Inc. grew its stake in Tronox by 8.2% in the 4th quarter. Harbor Capital Advisors Inc. now owns 69,726 shares of the company's stock worth $702,000 after acquiring an additional 5,309 shares in the last quarter. Private Capital Management LLC increased its position in shares of Tronox by 0.7% during the third quarter. Private Capital Management LLC now owns 1,161,304 shares of the company's stock worth $16,990,000 after acquiring an additional 7,530 shares during the period. Wells Fargo & Company MN raised its stake in shares of Tronox by 16.0% during the fourth quarter. Wells Fargo & Company MN now owns 78,805 shares of the company's stock valued at $794,000 after acquiring an additional 10,874 shares in the last quarter. Finally, Cibc World Markets Corp purchased a new stake in shares of Tronox in the fourth quarter valued at approximately $112,000. Hedge funds and other institutional investors own 73.36% of the company's stock.

Tronox Trading Up 4.7 %

Shares of NYSE:TROX opened at $5.75 on Monday. The business's 50-day moving average is $6.31 and its 200 day moving average is $9.16. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.47 and a quick ratio of 0.90. Tronox Holdings plc has a 1 year low of $4.35 and a 1 year high of $20.70. The firm has a market capitalization of $908.14 million, a P/E ratio of -18.55 and a beta of 1.40.

Tronox (NYSE:TROX - Get Free Report) last posted 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 company had revenue of $738.00 million for 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 business's revenue was down 4.7% compared to the same quarter last year. During the same quarter last year, the company earned ($0.05) EPS. On average, research analysts predict that Tronox Holdings plc will post 0.49 earnings per share for the current fiscal year.

Tronox Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Monday, March 3rd were given a dividend of $0.125 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.50 dividend on an annualized basis and a yield of 8.70%. Tronox's dividend payout ratio is currently -52.63%.

Insider Transactions at Tronox

In related news, Director Stephen J. Jones acquired 30,000 shares of Tronox stock in a transaction on Tuesday, March 18th. The stock was acquired at an average price of $7.17 per share, for a total transaction of $215,100.00. Following the purchase, the director now owns 30,000 shares of the company's stock, valued at approximately $215,100. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.70% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on TROX shares. Truist Financial lowered their target price on Tronox from $14.00 to $10.00 and set a "buy" rating for the company in a report on Monday, April 14th. Morgan Stanley dropped their target price on shares of Tronox from $16.00 to $12.00 and set an "equal weight" rating on the stock in a report on Monday, January 13th. UBS Group reduced their price target on shares of Tronox from $11.00 to $10.00 and set a "buy" rating for the company in a report on Thursday. The Goldman Sachs Group dropped their price objective on shares of Tronox from $13.00 to $11.50 and set a "buy" rating on the stock in a research note on Wednesday, February 26th. Finally, Mizuho reduced their price objective on shares of Tronox from $11.00 to $9.00 and set a "neutral" rating for the company in a research note on Thursday, March 13th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Tronox presently has an average rating of "Moderate Buy" and a consensus target price of $12.21.

Tronox Company 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.

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