Empowered Funds LLC Acquires 35,495 Shares of Tronox Holdings plc (NYSE:TROX)

Empowered Funds LLC lifted its stake in shares of Tronox Holdings plc (NYSE:TROX - Free Report) by 5.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 728,282 shares of the company's stock after purchasing an additional 35,495 shares during the period. Empowered Funds LLC owned 0.46% of Tronox worth $7,334,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. FMR LLC increased its holdings in shares of Tronox by 4.7% during the 3rd quarter. FMR LLC now owns 23,805,227 shares of the company's stock worth $348,270,000 after acquiring an additional 1,073,674 shares during the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of Tronox by 0.6% during the 3rd quarter. Thrivent Financial for Lutherans now owns 4,321,485 shares of the company's stock worth $63,223,000 after acquiring an additional 23,686 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Tronox by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,713,606 shares of the company's stock worth $39,708,000 after acquiring an additional 22,165 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Tronox by 5.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,212,221 shares of the company's stock valued at $32,365,000 after buying an additional 112,010 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in Tronox by 54.6% in the 3rd quarter. Victory Capital Management Inc. now owns 1,537,723 shares of the company's stock valued at $22,497,000 after buying an additional 543,091 shares in the last quarter. Institutional investors own 73.36% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. UBS Group reduced their target price on Tronox from $16.00 to $15.00 and set a "buy" rating on the stock in a report on Thursday. Barclays reduced their target price on Tronox from $18.00 to $16.00 and set an "overweight" rating on the stock in a report on Monday, October 28th. Truist Financial started coverage on Tronox in a research report on Tuesday, January 28th. They set a "buy" rating and a $17.00 price objective for the company. BMO Capital Markets dropped their price objective on Tronox from $21.00 to $17.00 and set an "outperform" rating for the company in a research report on Tuesday, October 29th. Finally, Morgan Stanley dropped their price objective on Tronox from $16.00 to $12.00 and set an "equal weight" rating for the company in a research report on Monday, January 13th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $16.00.

Tronox Stock Performance

Shares of NYSE TROX traded down $0.95 during trading on Friday, reaching $7.81. 3,548,957 shares of the stock traded hands, compared to its average volume of 1,400,311. Tronox Holdings plc has a 52-week low of $7.72 and a 52-week high of $20.70. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.72 and a quick ratio of 0.90. The company has a 50-day moving average of $10.04 and a 200-day moving average of $11.99. The stock has a market capitalization of $1.23 billion, a P/E ratio of -16.26 and a beta of 1.60.

Tronox (NYSE:TROX - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.03). Tronox had a negative net margin of 2.40% and a negative return on equity of 3.91%. Analysts forecast that Tronox Holdings plc will post -0.05 EPS for the current fiscal year.

About Tronox

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.