Quantbot Technologies LP Has $343,000 Position in Tronox Holdings plc (NYSE:TROX)

Quantbot Technologies LP cut its holdings in Tronox Holdings plc (NYSE:TROX - Free Report) by 80.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio acquired a new stake in shares of Tronox in the third quarter worth about $66,000. KBC Group NV lifted its holdings in Tronox by 59.4% in the 4th quarter. KBC Group NV now owns 6,949 shares of the company's stock worth $70,000 after purchasing an additional 2,590 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its position in Tronox by 34.6% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,548 shares of the company's stock worth $96,000 after purchasing an additional 1,683 shares during the period. Atria Investments Inc acquired a new position in Tronox during the fourth quarter valued at approximately $112,000. Finally, Cibc World Markets Corp bought a new position in shares of Tronox in the fourth quarter valued at approximately $112,000. 73.36% of the stock is owned by institutional investors.

Tronox Stock Performance

Tronox stock traded up $0.08 on Wednesday, hitting $6.85. The company's stock had a trading volume of 1,744,557 shares, compared to its average volume of 1,243,055. The company has a fifty day moving average price of $8.24 and a 200-day moving average price of $10.59. The firm has a market cap of $1.08 billion, a P/E ratio of -22.10 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 quick ratio of 0.90, a current ratio of 2.47 and a debt-to-equity ratio of 1.54.

Tronox (NYSE:TROX - Get Free Report) last posted its earnings results on Wednesday, February 12th. The company reported $0.03 earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by ($0.03). Tronox had a negative net margin of 1.56% and a negative return on equity of 0.63%. On average, equities analysts anticipate that Tronox Holdings plc will post 0.49 earnings per share for the current year.

Tronox Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.50 annualized dividend and a yield of 7.30%. Tronox's dividend payout ratio is currently -161.29%.

Insider Buying and Selling at Tronox

In other Tronox news, Director Stephen J. Jones purchased 30,000 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The stock was purchased at an average cost of $7.17 per share, with a total value of $215,100.00. Following the acquisition, the director now directly owns 30,000 shares of the company's stock, valued at approximately $215,100. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on TROX. The Goldman Sachs Group decreased their price target on shares of Tronox from $13.00 to $11.50 and set a "buy" rating for the company in a report on Wednesday, February 26th. Morgan Stanley decreased their target price on Tronox from $16.00 to $12.00 and set an "equal weight" rating for the company in a research note on Monday, January 13th. Truist Financial dropped their target price on shares of Tronox from $17.00 to $14.00 and set a "buy" rating on the stock in a research report on Tuesday, February 18th. Mizuho reduced 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. Finally, UBS Group decreased their price target on shares of Tronox from $16.00 to $15.00 and set a "buy" rating on the stock in a research report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Tronox has an average rating of "Moderate Buy" and a consensus price target of $13.50.

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.