Royce & Associates LP grew its holdings in Tronox Holdings plc (NYSE:TROX - Free Report) by 20.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 493,543 shares of the company's stock after acquiring an additional 84,830 shares during the quarter. Royce & Associates LP owned 0.31% of Tronox worth $7,221,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of TROX. Allspring Global Investments Holdings LLC lifted its holdings in Tronox by 9.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 10,232 shares of the company's stock valued at $178,000 after buying an additional 861 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in Tronox by 4.2% in the second 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 during the period. ProShare Advisors LLC increased its holdings in Tronox by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 21,049 shares of the company's stock worth $365,000 after acquiring an additional 1,657 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of Tronox by 5.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 45,701 shares of the company's stock worth $717,000 after purchasing an additional 2,180 shares during the period. Finally, nVerses Capital LLC raised its stake in shares of Tronox by 35.1% in the third quarter. nVerses Capital LLC now owns 10,400 shares of the company's stock valued at $152,000 after acquiring an additional 2,700 shares during the period. 73.36% of the stock is currently owned by institutional investors and hedge funds.
Tronox Price Performance
TROX traded up $0.05 on Monday, reaching $11.08. The company had a trading volume of 957,398 shares, compared to its average volume of 1,122,832. Tronox Holdings plc has a one year low of $10.69 and a one year high of $20.70. The company has a market capitalization of $1.75 billion, a P/E ratio of -23.04 and a beta of 1.66. The company has a fifty day moving average of $12.97 and a 200-day moving average of $15.36. The company has a current ratio of 2.72, a quick ratio of 0.90 and a debt-to-equity ratio of 1.42.
Tronox (NYSE:TROX - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The company reported ($0.13) EPS for the quarter, missing analysts' consensus estimates of $0.17 by ($0.30). The firm had revenue of $804.00 million during the quarter, compared to the consensus estimate of $790.63 million. Tronox had a negative return on equity of 3.91% and a negative net margin of 2.40%. The firm's quarterly revenue was up 21.5% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.08) EPS. As a group, equities research analysts anticipate that Tronox Holdings plc will post -0.04 earnings per share for the current year.
Tronox Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 11th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.51%. The ex-dividend date of this dividend is Friday, November 8th. Tronox's payout ratio is -104.17%.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on TROX shares. Barclays reduced their price target on Tronox from $18.00 to $16.00 and set an "overweight" rating on the stock in a research report on Monday, October 28th. UBS Group upgraded shares of Tronox from a "neutral" rating to a "buy" rating and increased their price objective for the company from $17.00 to $19.00 in a research report on Thursday, October 10th. BMO Capital Markets decreased their target price on shares of Tronox from $21.00 to $17.00 and set an "outperform" rating on the stock in a research report on Tuesday, October 29th. The Goldman Sachs Group decreased their target price 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, StockNews.com upgraded shares of Tronox from a "sell" rating to a "hold" rating in a research report on Monday, August 5th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $18.00.
Check Out Our Latest Report on Tronox
Tronox Profile
(
Free Report)
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.
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