Marshall Wace LLP Buys 298,629 Shares of Tronox Holdings plc (NYSE:TROX)

Marshall Wace LLP raised its position in shares of Tronox Holdings plc (NYSE:TROX - Free Report) by 131.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 526,222 shares of the company's stock after purchasing an additional 298,629 shares during the quarter. Marshall Wace LLP owned approximately 0.33% of Tronox worth $5,299,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Mariner LLC acquired a new stake in shares of Tronox during the fourth quarter worth $105,000. Barclays PLC boosted its position in Tronox by 11.5% during the fourth quarter. Barclays PLC now owns 203,683 shares of the company's stock valued at $2,051,000 after acquiring an additional 21,054 shares during the last quarter. Sterling Capital Management LLC grew its holdings in Tronox by 832.6% during the 4th quarter. Sterling Capital Management LLC now owns 3,805 shares of the company's stock worth $38,000 after acquiring an additional 3,397 shares during the period. Raymond James Financial Inc. bought a new position in shares of Tronox in the 4th quarter worth about $701,000. Finally, Bank of Montreal Can lifted its stake in shares of Tronox by 9.0% in the 4th quarter. Bank of Montreal Can now owns 175,366 shares of the company's stock valued at $1,766,000 after purchasing an additional 14,437 shares during the period. Institutional investors own 73.36% of the company's stock.

Analyst Ratings Changes

TROX has been the subject of several recent analyst reports. The Goldman Sachs Group decreased their target price on Tronox from $13.00 to $11.50 and set a "buy" rating for the company in a research note on Wednesday, February 26th. UBS Group reduced their price objective on shares of Tronox from $16.00 to $15.00 and set a "buy" rating for the company in a research report on Thursday, February 13th. Truist Financial dropped their target price on shares of Tronox from $14.00 to $10.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Mizuho reduced their price target on shares of Tronox from $11.00 to $9.00 and set a "neutral" rating for the company in a report on Thursday, March 13th. Finally, Morgan Stanley dropped their price objective on shares of Tronox from $16.00 to $12.00 and set an "equal weight" rating on the stock in a report on Monday, January 13th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $12.93.

Tronox Stock Down 1.9 %

NYSE TROX traded down $0.11 during trading hours on Friday, hitting $5.60. The company's stock had a trading volume of 1,999,140 shares, compared to its average volume of 1,401,363. The company has a current ratio of 2.47, a quick ratio of 0.90 and a debt-to-equity ratio of 1.54. The company's 50-day simple moving average is $6.56 and its two-hundred day simple moving average is $9.51. The company has a market capitalization of $884.45 million, a PE ratio of -18.06 and a beta of 1.53. Tronox Holdings plc has a 52 week low of $4.35 and a 52 week high of $20.70.

Tronox (NYSE:TROX - Get Free Report) last announced its earnings results on Wednesday, February 12th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.03). Tronox had a negative net margin of 1.56% and a negative return on equity of 0.63%. Research analysts anticipate that Tronox Holdings plc will post 0.49 EPS for the current fiscal year.

Tronox Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Monday, March 3rd were paid a $0.125 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.50 annualized dividend and a dividend yield of 8.93%. Tronox's payout ratio is -161.29%.

Insider Activity

In other Tronox news, Director Stephen J. Jones bought 30,000 shares of Tronox stock in a transaction dated Tuesday, March 18th. The stock was bought at an average cost of $7.17 per share, with a total value of $215,100.00. Following the completion of the acquisition, the director now directly owns 30,000 shares in the company, valued at approximately $215,100. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.70% of the stock is currently owned by corporate insiders.

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.