Tronox Holdings plc (NYSE:TROX) Shares Sold by PDT Partners LLC

PDT Partners LLC cut its holdings in shares of Tronox Holdings plc (NYSE:TROX - Free Report) by 55.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,632 shares of the company's stock after selling 51,988 shares during the quarter. PDT Partners LLC's holdings in Tronox were worth $419,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of TROX. Sterling Capital Management LLC boosted its holdings in shares of 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 purchasing an additional 3,397 shares during the last quarter. KBC Group NV grew its holdings in Tronox by 59.4% in the 4th quarter. KBC Group NV now owns 6,949 shares of the company's stock valued at $70,000 after buying an additional 2,590 shares in the last quarter. Mariner LLC acquired a new stake in shares of Tronox in the 4th quarter worth $105,000. Atria Investments Inc purchased a new position in shares of Tronox during the 4th quarter worth $112,000. Finally, Cibc World Markets Corp acquired a new position in shares of Tronox during the 4th quarter valued at about $112,000. Hedge funds and other institutional investors own 73.36% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on TROX shares. The Goldman Sachs Group reduced their target price 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. Mizuho reduced their price target on shares of Tronox from $11.00 to $9.00 and set a "neutral" rating on the stock in a research report on Thursday, March 13th. Truist Financial lowered their price objective on Tronox from $14.00 to $10.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Morgan Stanley reduced their target price on Tronox from $16.00 to $12.00 and set an "equal weight" rating on the stock in a research report on Monday, January 13th. Finally, UBS Group lowered their price target on Tronox from $11.00 to $10.00 and set a "buy" rating for the company in a report on Thursday. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, Tronox presently has an average rating of "Moderate Buy" and an average price target of $12.21.

Insider Transactions at Tronox

In other news, Director Stephen J. Jones bought 30,000 shares of the stock in a transaction that occurred on Tuesday, March 18th. The stock was purchased at an average price of $7.17 per share, for a total transaction of $215,100.00. Following the completion of the purchase, the director now owns 30,000 shares in the company, valued at approximately $215,100. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.70% of the company's stock.

Tronox Trading Up 1.2 %

NYSE TROX opened at $5.48 on Friday. Tronox Holdings plc has a one year low of $4.35 and a one year high of $20.70. The firm has a 50 day simple moving average of $6.35 and a 200-day simple moving average of $9.30. The firm has a market cap of $864.71 million, a price-to-earnings ratio of -17.66 and a beta of 1.53. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.90 and a current ratio of 2.47.

Tronox (NYSE:TROX - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.17). The business had revenue of $738.00 million during the quarter, compared to analyst estimates of $745.96 million. Tronox had a negative return on equity of 0.63% and a negative net margin of 1.56%. The business's revenue was down 4.7% on a year-over-year basis. During the same quarter last year, the firm earned ($0.05) EPS. Equities research analysts anticipate that Tronox Holdings plc will post 0.49 EPS for the current fiscal year.

Tronox Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Monday, March 3rd were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 9.13%. The ex-dividend date of this dividend was Monday, March 3rd. Tronox's payout ratio is presently -161.29%.

About Tronox

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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