Quantbot Technologies LP Sells 140,867 Shares of Tronox Holdings plc (NYSE:TROX)

Quantbot Technologies LP trimmed its holdings in shares of Tronox Holdings plc (NYSE:TROX - Free Report) by 80.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 34,055 shares of the company's stock after selling 140,867 shares during the quarter. Quantbot Technologies LP's holdings in Tronox were worth $343,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Thrivent Financial for Lutherans increased its holdings in shares of Tronox by 60.6% during the fourth quarter. Thrivent Financial for Lutherans now owns 6,938,289 shares of the company's stock worth $69,869,000 after purchasing an additional 2,616,804 shares during the period. FMR LLC increased its stake in Tronox by 4.7% during the 3rd quarter. FMR LLC now owns 23,805,227 shares of the company's stock worth $348,270,000 after acquiring an additional 1,073,674 shares during the period. Lightrock Netherlands B.V. acquired a new position in Tronox in the 4th quarter valued at $9,183,000. Bank of New York Mellon Corp grew its holdings in shares of 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 purchasing an additional 551,645 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Tronox by 11.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,456,867 shares of the company's stock worth $24,741,000 after purchasing an additional 244,646 shares during the period. Institutional investors and hedge funds own 73.36% of the company's stock.

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Tronox Trading Down 2.3 %

NYSE:TROX traded down $0.15 during trading hours on Wednesday, hitting $6.62. 252,158 shares of the company were exchanged, compared to its average volume of 1,235,821. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of -21.33 and a beta of 1.64. Tronox Holdings plc has a one year low of $6.58 and a one year high of $20.70. The company has a fifty day simple moving average of $8.31 and a 200 day simple moving average of $10.61. The company has a current ratio of 2.47, a quick ratio of 0.90 and a debt-to-equity ratio of 1.54.

Tronox (NYSE:TROX - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.03 earnings per share (EPS) 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%. Sell-side analysts expect 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 will be paid on Friday, April 4th. Shareholders of record on Monday, March 3rd will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 7.56%. The ex-dividend date is Monday, March 3rd. Tronox's dividend payout ratio (DPR) is presently -161.29%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Mizuho cut their price target on shares of 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 on the stock in a research note on Wednesday, February 26th. UBS Group decreased their target price on Tronox from $16.00 to $15.00 and set a "buy" rating on the stock in a research report on Thursday, February 13th. Morgan Stanley dropped 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, Truist Financial lowered their price objective on shares of Tronox from $17.00 to $14.00 and set a "buy" rating for the company in a research report on Tuesday, February 18th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $13.50.

Insider Transactions at Tronox

In related news, Director Stephen J. Jones acquired 30,000 shares of the business's stock in a transaction dated Tuesday, March 18th. The shares were bought at an average price of $7.17 per share, with a total value of $215,100.00. Following the transaction, the director now directly owns 30,000 shares of the company's stock, valued at $215,100. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.60% of the company's stock.

Tronox 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.