Tudor Investment Corp ET AL Sells 329,231 Shares of Tronox Holdings plc (NYSE:TROX)

Tudor Investment Corp ET AL lessened its stake in Tronox Holdings plc (NYSE:TROX - Free Report) by 80.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 80,438 shares of the company's stock after selling 329,231 shares during the period. Tudor Investment Corp ET AL owned 0.05% of Tronox worth $810,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of TROX. Stifel Financial Corp grew its holdings in Tronox by 1.9% during the 4th quarter. Stifel Financial Corp now owns 101,264 shares of the company's stock worth $1,020,000 after acquiring an additional 1,891 shares during the period. KBC Group NV increased its holdings in Tronox by 59.4% in the fourth quarter. KBC Group NV now owns 6,949 shares of the company's stock valued at $70,000 after purchasing an additional 2,590 shares during the last quarter. Sterling Capital Management LLC increased its holdings in Tronox by 832.6% in the fourth quarter. Sterling Capital Management LLC now owns 3,805 shares of the company's stock valued at $38,000 after purchasing an additional 3,397 shares during the last quarter. Harbor Capital Advisors Inc. lifted its stake in Tronox by 8.2% in the fourth quarter. Harbor Capital Advisors Inc. now owns 69,726 shares of the company's stock valued at $702,000 after buying an additional 5,309 shares during the period. Finally, Private Capital Management LLC boosted its holdings in 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 buying an additional 7,530 shares during the last quarter. Institutional investors and hedge funds own 73.36% of the company's stock.

Insider Buying and Selling

In related news, SVP Jeffrey N. Neuman purchased 10,266 shares of the firm's stock in a transaction on Wednesday, May 7th. The stock was purchased at an average cost of $4.89 per share, for a total transaction of $50,200.74. Following the completion of the purchase, the senior vice president now directly owns 10,266 shares in the company, valued at $50,200.74. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Stephen J. Jones acquired 30,000 shares of the company's stock in a transaction dated Tuesday, March 18th. The shares were bought 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 in the company, valued at approximately $215,100. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on TROX. The Goldman Sachs Group cut their price target on shares of Tronox from $11.50 to $7.50 and set a "buy" rating on the stock in a research report on Tuesday, May 6th. UBS Group cut their target price on shares of Tronox from $11.00 to $10.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. StockNews.com cut shares of Tronox from a "hold" rating to a "sell" rating in a research report on Monday, May 5th. Truist Financial lowered their price objective on shares of Tronox from $14.00 to $10.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Morgan Stanley reduced their target price on Tronox from $12.00 to $8.00 and set an "equal weight" rating on the stock in a report on Monday, May 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $9.64.

Tronox Stock Up 2.5 %

TROX traded up $0.13 during trading on Friday, hitting $5.25. The company had a trading volume of 3,196,173 shares, compared to its average volume of 1,501,683. The company has a market capitalization of $829.17 million, a PE ratio of -16.93 and a beta of 1.40. The company has a quick ratio of 0.90, a current ratio of 2.47 and a debt-to-equity ratio of 1.54. Tronox Holdings plc has a one year low of $4.35 and a one year high of $20.70. The firm's 50-day moving average price is $6.08 and its 200 day moving average price is $8.90.

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

Tronox Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Monday, May 19th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 9.52%. The ex-dividend date is Monday, May 19th. Tronox's dividend payout ratio is presently -52.63%.

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.