Tronox Holdings plc (NYSE:TROX) Shares Sold by Fmr LLC

FMR LLC decreased its holdings in shares of Tronox Holdings plc (NYSE:TROX - Free Report) by 0.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,669,901 shares of the company's stock after selling 135,326 shares during the period. FMR LLC owned about 14.99% of Tronox worth $238,356,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio purchased a new position in Tronox during the third quarter valued at $66,000. KBC Group NV raised its position in shares of Tronox by 59.4% during the 4th quarter. KBC Group NV now owns 6,949 shares of the company's stock worth $70,000 after purchasing an additional 2,590 shares during the last quarter. Atria Investments Inc purchased a new position in Tronox in the 4th quarter valued at about $112,000. Cibc World Markets Corp acquired a new stake in Tronox in the 4th quarter worth about $112,000. Finally, AXQ Capital LP purchased a new stake in Tronox during the 4th quarter worth approximately $160,000. Institutional investors and hedge funds own 73.36% of the company's stock.

Tronox Trading Down 4.0 %

Shares of NYSE TROX traded down $0.22 during midday trading on Tuesday, reaching $5.23. 2,355,070 shares of the stock were exchanged, compared to its average volume of 1,353,731. The stock has a market capitalization of $825.23 million, a P/E ratio of -16.85 and a beta of 1.53. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.90 and a current ratio of 2.47. The company has a 50 day simple moving average of $7.23 and a 200 day simple moving average of $10.03. Tronox Holdings plc has a twelve month low of $4.35 and a twelve month high of $20.70.

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Tronox (NYSE:TROX - Get Free Report) last posted its earnings results on Wednesday, February 12th. The company reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.03). Tronox had a negative net margin of 1.56% and a negative return on equity of 0.63%. 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 business also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Monday, March 3rd were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 9.57%. Tronox's payout ratio is currently -161.29%.

Insider Buying and Selling at Tronox

In related news, Director Stephen J. Jones bought 30,000 shares of the stock in a transaction that occurred on Tuesday, March 18th. The stock was purchased at an average cost of $7.17 per share, with a total value of $215,100.00. Following the purchase, the director now directly owns 30,000 shares of the company's stock, valued at $215,100. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 1.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. UBS Group dropped their price target on Tronox from $16.00 to $15.00 and set a "buy" rating for the company in a research report on Thursday, February 13th. Morgan Stanley reduced their target price on shares of Tronox from $16.00 to $12.00 and set an "equal weight" rating for the company in a research report on Monday, January 13th. Mizuho lowered their price target on shares of Tronox from $11.00 to $9.00 and set a "neutral" rating on the stock in a research report on Thursday, March 13th. Truist Financial dropped their price objective on shares of Tronox from $14.00 to $10.00 and set a "buy" rating for the company in a research note on Monday. Finally, The Goldman Sachs Group lowered their target price on Tronox from $13.00 to $11.50 and set a "buy" rating on the stock in a report on Wednesday, February 26th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, Tronox currently has an average rating of "Moderate Buy" and an average target price of $12.93.

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.