Squarepoint Ops LLC Sells 136,756 Shares of Tronox Holdings plc (NYSE:TROX)

Squarepoint Ops LLC lowered its holdings in Tronox Holdings plc (NYSE:TROX - Free Report) by 65.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,386 shares of the company's stock after selling 136,756 shares during the quarter. Squarepoint Ops LLC's holdings in Tronox were worth $1,136,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Cubist Systematic Strategies LLC bought a new stake in shares of Tronox in the second quarter worth $4,489,000. Point72 DIFC Ltd bought a new stake in Tronox during the second quarter valued at about $455,000. MQS Management LLC bought a new stake in Tronox during the second quarter valued at about $195,000. XTX Topco Ltd grew its holdings in Tronox by 266.2% during the second quarter. XTX Topco Ltd now owns 38,479 shares of the company's stock valued at $604,000 after purchasing an additional 27,971 shares during the period. Finally, First Eagle Investment Management LLC grew its holdings in Tronox by 6.5% during the second quarter. First Eagle Investment Management LLC now owns 765,540 shares of the company's stock valued at $12,011,000 after purchasing an additional 46,700 shares during the period. Institutional investors own 73.36% of the company's stock.

Analyst Upgrades and Downgrades

TROX has been the subject of several recent research reports. The Goldman Sachs Group cut their price target on Tronox from $18.00 to $16.00 and set a "buy" rating for the company in a report on Thursday, September 19th. UBS Group cut their price target on Tronox from $19.00 to $18.00 and set a "neutral" rating for the company in a report on Tuesday, July 9th. StockNews.com upgraded Tronox from a "sell" rating to a "hold" rating in a research report on Monday, August 5th. Barclays lowered their price objective on Tronox from $19.00 to $18.00 and set an "overweight" rating on the stock in a research report on Wednesday, September 25th. Finally, BMO Capital Markets lowered their price objective on Tronox from $22.00 to $21.00 and set an "outperform" rating on the stock in a research report on Monday, September 30th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $17.67.

Tronox Price Performance

Shares of NYSE:TROX traded up $0.11 during mid-day trading on Friday, reaching $14.20. The stock had a trading volume of 452,809 shares, compared to its average volume of 1,241,865. The company has a current ratio of 2.98, a quick ratio of 1.08 and a debt-to-equity ratio of 1.44. The company has a market cap of $2.24 billion, a P/E ratio of -6.37, a price-to-earnings-growth ratio of 27.09 and a beta of 1.64. Tronox Holdings plc has a 1 year low of $10.08 and a 1 year high of $20.70. The business's 50 day moving average price is $13.52 and its 200 day moving average price is $16.22.

Tronox (NYSE:TROX - Get Free Report) last posted its earnings results on Thursday, August 1st. The company reported $0.07 EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.11). The firm had revenue of $820.00 million during the quarter, compared to analysts' expectations of $848.04 million. Tronox had a negative return on equity of 3.40% and a negative net margin of 2.14%. Tronox's quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.16 earnings per share. Research analysts expect that Tronox Holdings plc will post 0.44 EPS for the current fiscal year.

Tronox Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, August 26th were given a $0.125 dividend. The ex-dividend date of this dividend was Monday, August 26th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.52%. Tronox's dividend payout ratio is currently -22.42%.

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.