Bank of Montreal Can Buys 93,893 Shares of Tronox Holdings plc (NYSE:TROX)

Bank of Montreal Can raised its position in Tronox Holdings plc (NYSE:TROX - Free Report) by 140.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 160,929 shares of the company's stock after purchasing an additional 93,893 shares during the period. Bank of Montreal Can owned approximately 0.10% of Tronox worth $2,333,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Royce & Associates LP lifted its stake in Tronox by 20.8% in the third quarter. Royce & Associates LP now owns 493,543 shares of the company's stock valued at $7,221,000 after buying an additional 84,830 shares in the last quarter. Algert Global LLC lifted its position in 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 acquiring an additional 173,054 shares in the last quarter. Hantz Financial Services Inc. acquired a new position in Tronox in the 2nd quarter worth $2,717,000. Victory Capital Management Inc. increased its holdings in 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 in the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of Tronox in the 2nd quarter valued at about $1,009,000. 73.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on TROX shares. Barclays decreased their price objective on Tronox from $18.00 to $16.00 and set an "overweight" rating for the company in a report on Monday, October 28th. The Goldman Sachs Group decreased their price target 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. UBS Group upgraded shares of Tronox from a "neutral" rating to a "buy" rating and increased their target price for the stock from $17.00 to $19.00 in a report on Thursday, October 10th. Finally, BMO Capital Markets cut their price target on shares of Tronox from $21.00 to $17.00 and set an "outperform" rating on the stock in a research report on Tuesday, October 29th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Tronox presently has a consensus rating of "Moderate Buy" and an average price target of $18.00.

Tronox Stock Down 0.4 %

Shares of NYSE:TROX traded down $0.05 during midday trading on Friday, hitting $11.62. The stock had a trading volume of 736,145 shares, compared to its average volume of 1,104,595. The company has a market cap of $1.84 billion, a P/E ratio of -24.31 and a beta of 1.59. Tronox Holdings plc has a 12 month low of $10.69 and a 12 month high of $20.70. The business's 50-day simple moving average is $12.80 and its 200-day simple moving average is $14.71. The company has a quick ratio of 0.90, a current ratio of 2.72 and a debt-to-equity ratio of 1.42.

Tronox (NYSE:TROX - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The company reported ($0.13) EPS for the quarter, missing analysts' consensus estimates 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 firm had revenue of $804.00 million during the quarter, compared to the consensus estimate of $790.63 million. During the same period last year, the business earned ($0.08) EPS. The business's revenue was up 21.5% on a year-over-year basis. On average, sell-side analysts forecast that Tronox Holdings plc will post -0.04 earnings per share for the current fiscal year.

Tronox Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 11th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date is Friday, November 8th. Tronox's payout ratio is presently -104.16%.

Tronox 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.