Massachusetts Financial Services Co. MA Purchases 126,846 Shares of Tronox Holdings plc (NYSE:TROX)

Massachusetts Financial Services Co. MA increased its holdings in Tronox Holdings plc (NYSE:TROX - Free Report) by 18.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 831,254 shares of the company's stock after purchasing an additional 126,846 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 0.53% of Tronox worth $12,161,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Boston Partners lifted its position in shares of Tronox by 160.2% in the 1st quarter. Boston Partners now owns 1,018,025 shares of the company's stock worth $17,664,000 after purchasing an additional 626,744 shares during the period. Royce & Associates LP lifted its holdings in Tronox by 20.8% in the third quarter. Royce & Associates LP now owns 493,543 shares of the company's stock valued at $7,221,000 after buying an additional 84,830 shares during the period. Algert Global LLC boosted its position in Tronox by 127.2% during the second quarter. Algert Global LLC now owns 309,051 shares of the company's stock valued at $4,849,000 after acquiring an additional 173,054 shares during the last quarter. Hantz Financial Services Inc. bought a new stake in Tronox during the second quarter valued at $2,717,000. Finally, Victory Capital Management Inc. grew its holdings in Tronox by 54.6% during the 3rd quarter. Victory Capital Management Inc. now owns 1,537,723 shares of the company's stock worth $22,497,000 after acquiring an additional 543,091 shares during the period. 73.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TROX has been the topic of several research analyst reports. The Goldman Sachs Group cut their target price on Tronox from $18.00 to $16.00 and set a "buy" rating on the stock in a research report on Thursday, September 19th. Barclays lowered their price objective 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. StockNews.com raised shares of Tronox from a "sell" rating to a "hold" rating in a research note on Monday, August 5th. BMO Capital Markets reduced their price target on shares of Tronox from $21.00 to $17.00 and set an "outperform" rating for the company in a report on Tuesday, October 29th. Finally, UBS Group upgraded shares of Tronox from a "neutral" rating to a "buy" rating and upped their price objective for the company from $17.00 to $19.00 in a report on Thursday, October 10th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $18.00.

Tronox Stock Down 2.4 %

TROX stock traded down $0.30 during midday trading on Wednesday, reaching $12.18. 850,428 shares of the company's stock traded hands, compared to its average volume of 1,097,565. Tronox Holdings plc has a 52 week low of $10.69 and a 52 week high of $20.70. The company has a market cap of $1.92 billion, a price-to-earnings ratio of -25.37 and a beta of 1.66. The firm's fifty day moving average price is $12.96 and its 200-day moving average price is $15.01. The company has a quick ratio of 0.90, a current ratio of 2.72 and a debt-to-equity ratio of 1.42.

Tronox (NYSE:TROX - Get Free Report) last posted its earnings results on Thursday, October 24th. The company reported ($0.13) earnings per share for the quarter, missing analysts' consensus estimates of $0.17 by ($0.30). The business had revenue of $804.00 million during the quarter, compared to analyst estimates of $790.63 million. Tronox had a negative return on equity of 3.91% and a negative net margin of 2.40%. The company's revenue was up 21.5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.08) EPS. As a group, sell-side analysts forecast that Tronox Holdings plc will post -0.04 earnings per share for the current fiscal year.

Tronox Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, November 11th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 4.11%. The ex-dividend date is Friday, November 8th. Tronox's dividend payout ratio (DPR) is presently -104.16%.

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.