Massachusetts Financial Services Co. MA Trims Stock Position in Tronox Holdings plc (NYSE:TROX)

Massachusetts Financial Services Co. MA lowered its stake in shares of Tronox Holdings plc (NYSE:TROX - Free Report) by 68.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 264,513 shares of the company's stock after selling 566,741 shares during the period. Massachusetts Financial Services Co. MA owned approximately 0.17% of Tronox worth $2,664,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans lifted its holdings in shares of Tronox by 60.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 6,938,289 shares of the company's stock valued at $69,869,000 after purchasing an additional 2,616,804 shares in the last quarter. Lightrock Netherlands B.V. bought a new position in Tronox during the 4th quarter valued at $9,183,000. Bank of New York Mellon Corp boosted its holdings in Tronox by 26.5% during the 4th quarter. Bank of New York Mellon Corp now owns 2,630,144 shares of the company's stock worth $26,486,000 after acquiring an additional 551,645 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Tronox by 11.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,456,867 shares of the company's stock worth $24,741,000 after acquiring an additional 244,646 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Tronox by 13.7% in the fourth quarter. American Century Companies Inc. now owns 1,731,311 shares of the company's stock valued at $17,434,000 after purchasing an additional 208,579 shares during the last quarter. 73.36% of the stock is owned by institutional investors.

Insider Activity at Tronox

In related news, Director Stephen J. Jones purchased 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, for a total transaction of $215,100.00. Following the completion of the transaction, the director now owns 30,000 shares in the company, valued at $215,100. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.60% of the stock is currently owned by corporate insiders.

Tronox Stock Performance

NYSE TROX traded up $0.21 on Friday, hitting $5.24. 2,489,733 shares of the stock traded hands, compared to its average volume of 1,343,314. 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 business's fifty day moving average is $7.32 and its two-hundred day moving average is $10.12. Tronox Holdings plc has a 12 month low of $4.35 and a 12 month high of $20.70. The firm has a market capitalization of $826.81 million, a price-to-earnings ratio of -16.89 and a beta of 1.53.

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

Tronox Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Monday, March 3rd were given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 9.55%. The ex-dividend date of this dividend was Monday, March 3rd. Tronox's dividend payout ratio (DPR) is currently -161.29%.

Analyst Ratings Changes

Several research analysts recently weighed in on TROX shares. Truist Financial cut their price target on shares of Tronox from $17.00 to $14.00 and set a "buy" rating on the stock in a report on Tuesday, February 18th. Mizuho reduced their target price on Tronox from $11.00 to $9.00 and set a "neutral" rating for the company in a report on Thursday, March 13th. The Goldman Sachs Group decreased their price target on Tronox from $13.00 to $11.50 and set a "buy" rating for the company in a research report on Wednesday, February 26th. Morgan Stanley cut their price objective on Tronox from $16.00 to $12.00 and set an "equal weight" rating on the stock in a research report on Monday, January 13th. Finally, UBS Group decreased their target price on Tronox from $16.00 to $15.00 and set a "buy" rating for the company in a research report on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $13.50.

Tronox Company 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.