Lightrock Netherlands B.V. Purchases New Holdings in Tronox Holdings plc (NYSE:TROX)

Lightrock Netherlands B.V. bought a new position in shares of Tronox Holdings plc (NYSE:TROX - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 907,434 shares of the company's stock, valued at approximately $9,183,000. Tronox accounts for 3.2% of Lightrock Netherlands B.V.'s investment portfolio, making the stock its 11th largest position. Lightrock Netherlands B.V. owned 0.57% of Tronox as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of TROX. The Manufacturers Life Insurance Company lifted its holdings in Tronox by 5.0% in the second quarter. The Manufacturers Life Insurance Company now owns 45,701 shares of the company's stock worth $717,000 after buying an additional 2,180 shares during the period. SG Americas Securities LLC purchased a new stake in Tronox in the third quarter worth about $263,000. nVerses Capital LLC lifted its holdings in Tronox by 35.1% in the third quarter. nVerses Capital LLC now owns 10,400 shares of the company's stock worth $152,000 after buying an additional 2,700 shares during the period. Jade Capital Advisors LLC lifted its holdings in Tronox by 149.8% in the third quarter. Jade Capital Advisors LLC now owns 141,744 shares of the company's stock worth $2,074,000 after buying an additional 85,000 shares during the period. Finally, Mount Yale Investment Advisors LLC purchased a new stake in Tronox in the third quarter worth about $283,000. 73.36% of the stock is currently owned by hedge funds and other institutional investors.

Tronox Price Performance

Shares of TROX traded down $0.95 during trading hours on Friday, reaching $7.81. 3,548,957 shares of the stock traded hands, compared to its average volume of 1,400,311. The company has a current ratio of 2.72, a quick ratio of 0.90 and a debt-to-equity ratio of 1.42. Tronox Holdings plc has a 52-week low of $7.72 and a 52-week high of $20.70. The company's 50-day moving average price is $10.04 and its two-hundred day moving average price is $11.99. The company has a market cap 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 earnings results on Wednesday, February 12th. The company reported $0.03 earnings per share 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%. On average, analysts anticipate that Tronox Holdings plc will post -0.05 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TROX. Barclays decreased their target price on shares of Tronox from $18.00 to $16.00 and set an "overweight" rating for the company in a research note on Monday, October 28th. Morgan Stanley decreased 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 note on Monday, January 13th. BMO Capital Markets decreased their target price on shares of 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 decreased their target price on shares of Tronox from $16.00 to $15.00 and set a "buy" rating for the company in a research note on Thursday. Finally, The Goldman Sachs Group decreased their target price on shares of Tronox from $15.00 to $13.00 and set a "buy" rating for the company in a research note on Tuesday, January 7th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Tronox presently has a consensus rating of "Moderate Buy" and a consensus price target of $16.00.

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.