Trexquant Investment LP Has $1.14 Million Holdings in Tronox Holdings plc (NYSE:TROX)

Trexquant Investment LP boosted its holdings in Tronox Holdings plc (NYSE:TROX - Free Report) by 160.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 112,825 shares of the company's stock after acquiring an additional 69,518 shares during the period. Trexquant Investment LP owned 0.07% of Tronox worth $1,136,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. KBC Group NV increased its stake in shares of Tronox by 59.4% during the 4th quarter. KBC Group NV now owns 6,949 shares of the company's stock valued at $70,000 after acquiring an additional 2,590 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Tronox during the third quarter worth $66,000. Harbor Capital Advisors Inc. grew its stake in shares of Tronox by 8.2% during the fourth quarter. Harbor Capital Advisors Inc. now owns 69,726 shares of the company's stock valued at $702,000 after acquiring an additional 5,309 shares in the last quarter. Private Capital Management LLC grew its stake in Tronox by 0.7% during the 3rd quarter. Private Capital Management LLC now owns 1,161,304 shares of the company's stock valued at $16,990,000 after purchasing an additional 7,530 shares in the last quarter. Finally, Cibc World Markets Corp acquired a new stake in shares of Tronox during the fourth quarter worth approximately $112,000. 73.36% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Stephen J. Jones purchased 30,000 shares of the business'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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.60% of the stock is owned by company insiders.

Tronox Stock Up 0.5 %

Shares of NYSE TROX traded up $0.03 during mid-day trading on Wednesday, reaching $5.28. The company had a trading volume of 396,301 shares, compared to its average volume of 1,351,277. The stock has a fifty day moving average of $7.13 and a two-hundred day moving average of $10.00. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.90 and a current ratio of 2.47. Tronox Holdings plc has a 12-month low of $4.35 and a 12-month high of $20.70. The company has a market capitalization of $833.12 million, a price-to-earnings ratio of -16.95 and a beta of 1.53.

Tronox (NYSE:TROX - Get Free Report) last posted its earnings results on Wednesday, February 12th. The company reported $0.03 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%. As a group, equities research analysts expect that Tronox Holdings plc will post 0.49 EPS for the current year.

Tronox Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Monday, March 3rd were given a $0.125 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.50 annualized dividend and a yield of 9.48%. Tronox's dividend payout ratio is -161.29%.

Wall Street Analyst Weigh In

TROX has been the topic of several research reports. UBS Group cut their price objective on Tronox from $16.00 to $15.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th. Truist Financial cut their price target on Tronox from $14.00 to $10.00 and set a "buy" rating on the stock in a report on Monday. The Goldman Sachs Group decreased their target price on shares of Tronox from $13.00 to $11.50 and set a "buy" rating for the company in a research report on Wednesday, February 26th. Mizuho decreased their price target on Tronox from $11.00 to $9.00 and set a "neutral" rating for the company in a research note on Thursday, March 13th. Finally, Morgan Stanley lowered their price objective on shares of Tronox from $16.00 to $12.00 and set an "equal weight" rating on the stock in a research note on Monday, January 13th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $12.93.

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.