Inspire Investing LLC Purchases Shares of 40,029 Tronox Holdings plc (NYSE:TROX)

Inspire Investing LLC purchased a new stake in Tronox Holdings plc (NYSE:TROX - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 40,029 shares of the company's stock, valued at approximately $403,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. boosted its holdings in Tronox by 34.6% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,548 shares of the company's stock valued at $96,000 after acquiring an additional 1,683 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in Tronox by 5.0% during the second quarter. The Manufacturers Life Insurance Company now owns 45,701 shares of the company's stock valued at $717,000 after purchasing an additional 2,180 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Tronox by 9.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,548 shares of the company's stock valued at $399,000 after buying an additional 2,488 shares in the last quarter. nVerses Capital LLC increased its holdings in Tronox by 35.1% during the 3rd quarter. nVerses Capital LLC now owns 10,400 shares of the company's stock worth $152,000 after acquiring an additional 2,700 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new stake in Tronox in the third quarter valued at approximately $66,000. 73.36% of the stock is currently owned by institutional investors.

Tronox Price Performance

TROX traded up $0.10 during trading hours on Friday, hitting $10.26. The company's stock had a trading volume of 1,443,243 shares, compared to its average volume of 902,598. The business's 50-day moving average price is $10.66 and its 200-day moving average price is $12.63. Tronox Holdings plc has a 12 month low of $8.73 and a 12 month high of $20.70. The company has a current ratio of 2.72, a quick ratio of 0.90 and a debt-to-equity ratio of 1.42. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of -21.38 and a beta of 1.62.

Tronox (NYSE:TROX - Get Free Report) last released its earnings results on Thursday, October 24th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.30). Tronox had a negative return on equity of 3.91% and a negative net margin of 2.40%. The firm had revenue of $804.00 million during the quarter, compared to the consensus estimate of $790.63 million. During the same quarter last year, the business posted ($0.08) EPS. Tronox's revenue was up 21.5% compared to the same quarter last year. Sell-side analysts expect that Tronox Holdings plc will post -0.05 earnings per share for the current fiscal year.

Tronox Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, November 11th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 4.87%. The ex-dividend date was Friday, November 8th. Tronox's dividend payout ratio is presently -104.16%.

Analysts Set New Price Targets

TROX has been the subject of several recent research reports. UBS Group raised shares of Tronox from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $17.00 to $19.00 in a research note on Thursday, October 10th. Barclays lowered their price target on Tronox from $18.00 to $16.00 and set an "overweight" rating for the company in a research report on Monday, October 28th. BMO Capital Markets lowered their price target on Tronox from $21.00 to $17.00 and set an "outperform" rating on the stock in a report on Tuesday, October 29th. The Goldman Sachs Group decreased their target price on Tronox from $15.00 to $13.00 and set a "buy" rating for the company in a research report on Tuesday, January 7th. Finally, Morgan Stanley dropped their price objective 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. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $16.50.

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.