Atom Investors LP Boosts Stake in Tronox Holdings plc (NYSE:TROX)

Atom Investors LP lifted its holdings in shares of Tronox Holdings plc (NYSE:TROX - Free Report) by 72.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 125,790 shares of the company's stock after purchasing an additional 53,034 shares during the quarter. Atom Investors LP owned about 0.08% of Tronox worth $1,840,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in TROX. Quantbot Technologies LP grew its position in shares of Tronox by 98.6% during the third quarter. Quantbot Technologies LP now owns 174,922 shares of the company's stock worth $2,559,000 after buying an additional 86,852 shares in the last quarter. Royce & Associates LP grew its holdings in Tronox by 20.8% during the 3rd quarter. Royce & Associates LP now owns 493,543 shares of the company's stock worth $7,221,000 after acquiring an additional 84,830 shares in the last quarter. Algert Global LLC increased its position in shares of Tronox by 127.2% in the 2nd quarter. Algert Global LLC now owns 309,051 shares of the company's stock valued at $4,849,000 after purchasing an additional 173,054 shares during the last quarter. Hantz Financial Services Inc. acquired a new stake in shares of Tronox in the 2nd quarter valued at $2,717,000. Finally, Victory Capital Management Inc. lifted its position in shares of Tronox by 54.6% during the 3rd quarter. Victory Capital Management Inc. now owns 1,537,723 shares of the company's stock worth $22,497,000 after purchasing an additional 543,091 shares during the last quarter. Institutional investors and hedge funds own 73.36% of the company's stock.

Tronox Stock Performance

Shares of NYSE:TROX traded down $0.23 on Tuesday, reaching $11.84. The company's stock had a trading volume of 113,215 shares, compared to its average volume of 1,108,437. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.72 and a quick ratio of 0.90. Tronox Holdings plc has a 52-week low of $10.69 and a 52-week high of $20.70. The stock's 50-day moving average is $12.91 and its two-hundred day moving average is $14.80. The stock has a market capitalization of $1.87 billion, a P/E ratio of -25.15 and a beta of 1.59.

Tronox (NYSE:TROX - Get Free Report) last announced its earnings results on Thursday, October 24th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.30). Tronox had a negative net margin of 2.40% and a negative return on equity of 3.91%. The company had revenue of $804.00 million during the quarter, compared to analysts' expectations of $790.63 million. During the same quarter last year, the business posted ($0.08) earnings per share. The company's revenue for the quarter was up 21.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Tronox Holdings plc will post -0.04 EPS for the current year.

Tronox Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, November 11th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 4.22%. The ex-dividend date of this dividend is Friday, November 8th. Tronox's dividend payout ratio (DPR) is presently -104.16%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on TROX shares. StockNews.com upgraded Tronox from a "sell" rating to a "hold" rating in a research note on Monday, August 5th. BMO Capital Markets decreased their target price on Tronox from $21.00 to $17.00 and set an "outperform" rating for the company in a research note on Tuesday, October 29th. UBS Group raised shares of Tronox from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $17.00 to $19.00 in a report on Thursday, October 10th. Barclays dropped their target price on shares of Tronox from $18.00 to $16.00 and set an "overweight" rating on the stock in a research report on Monday, October 28th. Finally, The Goldman Sachs Group decreased their price objective on shares of Tronox from $18.00 to $16.00 and set a "buy" rating for the company in a research note on Thursday, September 19th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, Tronox presently has an average rating of "Moderate Buy" and a consensus price target of $18.00.

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.