Primecap Management Co. CA Has $13.59 Million Stock Holdings in Tronox Holdings plc (NYSE:TROX)

Primecap Management Co. CA increased its position in shares of Tronox Holdings plc (NYSE:TROX - Free Report) by 4.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,349,700 shares of the company's stock after purchasing an additional 53,000 shares during the period. Primecap Management Co. CA owned 0.85% of Tronox worth $13,591,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Quantbot Technologies LP boosted its stake in Tronox by 98.6% during the third quarter. Quantbot Technologies LP now owns 174,922 shares of the company's stock valued at $2,559,000 after buying an additional 86,852 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Tronox by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,713,606 shares of the company's stock worth $39,708,000 after purchasing an additional 22,165 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Tronox by 26.5% in 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 purchasing an additional 551,645 shares in the last quarter. Atom Investors LP boosted its holdings in Tronox by 72.9% during the third quarter. Atom Investors LP now owns 125,790 shares of the company's stock worth $1,840,000 after buying an additional 53,034 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in Tronox by 18.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 831,254 shares of the company's stock worth $12,161,000 after buying an additional 126,846 shares during the last quarter. 73.36% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Insider Buying and Selling at Tronox

In other Tronox news, Director Stephen J. Jones acquired 30,000 shares of the business's stock in a transaction that occurred on Tuesday, March 18th. The shares were purchased at an average price of $7.17 per share, with a total value of $215,100.00. Following the completion of the transaction, the director now owns 30,000 shares in the company, valued at $215,100. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.60% of the company's stock.

Analysts Set New Price Targets

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

Tronox Stock Up 1.7 %

NYSE:TROX traded up $0.13 on Monday, hitting $7.37. 1,251,128 shares of the company's stock traded hands, compared to its average volume of 1,186,707. The firm has a 50-day moving average price of $8.69 and a 200-day moving average price of $10.86. 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 has a market cap of $1.16 billion, a PE ratio of -23.76 and a beta of 1.64. Tronox Holdings plc has a 1 year low of $6.64 and a 1 year high of $20.70.

Tronox (NYSE:TROX - Get Free Report) last released its quarterly earnings data 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 net margin of 1.56% and a negative return on equity of 0.63%. Equities analysts anticipate that Tronox Holdings plc will post 0.49 EPS for the current fiscal year.

Tronox Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Monday, March 3rd will be issued a dividend of $0.125 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.50 annualized dividend and a dividend yield of 6.79%. Tronox's dividend payout ratio is -161.29%.

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.