Jade Capital Advisors LLC Grows Holdings in Tronox Holdings plc (NYSE:TROX)

Jade Capital Advisors LLC boosted its holdings in shares of Tronox Holdings plc (NYSE:TROX - Free Report) by 149.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 141,744 shares of the company's stock after purchasing an additional 85,000 shares during the period. Tronox comprises approximately 1.3% of Jade Capital Advisors LLC's holdings, making the stock its 24th largest holding. Jade Capital Advisors LLC owned about 0.09% of Tronox worth $2,074,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its position in Tronox by 9.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 10,232 shares of the company's stock valued at $178,000 after acquiring an additional 861 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Tronox by 4.2% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 25,065 shares of the company's stock valued at $393,000 after acquiring an additional 1,014 shares in the last quarter. ProShare Advisors LLC boosted its position in Tronox by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 21,049 shares of the company's stock valued at $365,000 after acquiring an additional 1,657 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in Tronox by 5.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 45,701 shares of the company's stock valued at $717,000 after acquiring an additional 2,180 shares in the last quarter. Finally, nVerses Capital LLC boosted its position in shares of Tronox by 35.1% in the 3rd quarter. nVerses Capital LLC now owns 10,400 shares of the company's stock worth $152,000 after purchasing an additional 2,700 shares in the last quarter. 73.36% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. UBS Group raised Tronox from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $17.00 to $19.00 in a research report on Thursday, October 10th. Barclays dropped their price target on Tronox from $19.00 to $18.00 and set an "overweight" rating on the stock in a research report on Wednesday, September 25th. StockNews.com raised Tronox from a "sell" rating to a "hold" rating in a research report on Monday, August 5th. The Goldman Sachs Group dropped their price target on Tronox from $18.00 to $16.00 and set a "buy" rating on the stock in a research report on Thursday, September 19th. 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. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Tronox presently has a consensus rating of "Moderate Buy" and a consensus price target of $17.83.

Tronox Stock Performance

TROX traded down $0.21 during midday trading on Tuesday, hitting $13.40. 880,701 shares of the company traded hands, compared to its average volume of 1,113,335. The company has a quick ratio of 1.08, a current ratio of 2.98 and a debt-to-equity ratio of 1.44. The firm has a market capitalization of $2.12 billion, a PE ratio of -6.01, a price-to-earnings-growth ratio of 30.16 and a beta of 1.64. The company's 50-day moving average is $13.54 and its 200 day moving average is $15.99. Tronox Holdings plc has a 52 week low of $10.08 and a 52 week high of $20.70.

Tronox (NYSE:TROX - Get Free Report) last posted its earnings results on Thursday, August 1st. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.11). Tronox had a negative net margin of 2.14% and a negative return on equity of 3.40%. The company had revenue of $820.00 million for the quarter, compared to the consensus estimate of $848.04 million. During the same quarter in the prior year, the company posted $0.16 EPS. Tronox's revenue was up 3.3% on a year-over-year basis. On average, research analysts expect that Tronox Holdings plc will post 0.39 EPS for the current year.

Tronox Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, August 26th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 3.73%. The ex-dividend date of this dividend was Monday, August 26th. Tronox's 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.