Tudor Investment Corp ET AL Sells 77,050 Shares of Kronos Worldwide, Inc. (NYSE:KRO)

Tudor Investment Corp ET AL decreased its holdings in Kronos Worldwide, Inc. (NYSE:KRO - Free Report) by 45.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 92,448 shares of the specialty chemicals company's stock after selling 77,050 shares during the quarter. Tudor Investment Corp ET AL owned 0.08% of Kronos Worldwide worth $901,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC grew its holdings in Kronos Worldwide by 329.5% in the third quarter. Barclays PLC now owns 33,695 shares of the specialty chemicals company's stock valued at $419,000 after purchasing an additional 25,849 shares during the last quarter. Rhumbline Advisers grew its position in shares of Kronos Worldwide by 8.7% during the fourth quarter. Rhumbline Advisers now owns 34,948 shares of the specialty chemicals company's stock worth $341,000 after buying an additional 2,800 shares in the last quarter. Allworth Financial LP acquired a new position in shares of Kronos Worldwide in the 4th quarter worth approximately $180,000. Y Intercept Hong Kong Ltd bought a new position in Kronos Worldwide in the fourth quarter worth about $233,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Kronos Worldwide by 2.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 183,568 shares of the specialty chemicals company's stock worth $1,790,000 after acquiring an additional 3,916 shares during the period. Institutional investors and hedge funds own 15.11% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Kronos Worldwide from a "hold" rating to a "buy" rating in a research note on Tuesday, March 18th.

Kronos Worldwide Stock Performance

NYSE:KRO traded up $0.49 during midday trading on Monday, reaching $7.77. The stock had a trading volume of 28,641 shares, compared to its average volume of 211,321. Kronos Worldwide, Inc. has a 1-year low of $6.19 and a 1-year high of $14.50. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.68 and a quick ratio of 1.30. The stock has a market capitalization of $894.29 million, a P/E ratio of 9.58 and a beta of 1.22. The firm's fifty day simple moving average is $7.41 and its 200-day simple moving average is $9.18.

Kronos Worldwide (NYSE:KRO - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The specialty chemicals company reported $0.16 earnings per share for the quarter, missing analysts' consensus estimates of $0.17 by ($0.01). Kronos Worldwide had a net margin of 5.05% and a return on equity of 11.74%. The company had revenue of $489.80 million for the quarter, compared to analyst estimates of $466.56 million.

Kronos Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Tuesday, March 11th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $0.20 annualized dividend and a dividend yield of 2.57%. Kronos Worldwide's dividend payout ratio (DPR) is currently 24.10%.

Insiders Place Their Bets

In other Kronos Worldwide news, Director Kevin B. Kramer purchased 14,000 shares of the stock in a transaction on Tuesday, March 11th. The shares were purchased at an average cost of $7.43 per share, for a total transaction of $104,020.00. Following the purchase, the director now owns 21,460 shares of the company's stock, valued at approximately $159,447.80. This represents a 187.67% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.11% of the company's stock.

About Kronos Worldwide

Kronos Worldwide, Inc produces and markets titanium dioxide pigments (TiO2) in Europe, North America, the Asia Pacific, and internationally. The company produces TiO2 in two crystalline forms, rutile and anatase to impart whiteness, brightness, opacity, and durability for various products, including paints, coatings, plastics, paper, fibers, and ceramics, as well as for various specialty products, such as inks, foods, and cosmetics.