Tronox Holdings plc (NYSE:TROX) Shares Bought by American Century Companies Inc.

American Century Companies Inc. boosted its position in shares of Tronox Holdings plc (NYSE:TROX - Free Report) by 13.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,731,311 shares of the company's stock after purchasing an additional 208,579 shares during the period. American Century Companies Inc. owned approximately 1.10% of Tronox worth $17,434,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Public Employees Retirement System of Ohio acquired a new stake in shares of Tronox during the 3rd quarter worth about $66,000. KBC Group NV boosted its stake in Tronox by 59.4% during the fourth quarter. KBC Group NV now owns 6,949 shares of the company's stock worth $70,000 after buying an additional 2,590 shares during the period. Point72 Asia Singapore Pte. Ltd. increased its position in shares of Tronox by 34.6% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,548 shares of the company's stock valued at $96,000 after acquiring an additional 1,683 shares during the last quarter. Atria Investments Inc purchased a new stake in shares of Tronox in the 4th quarter valued at approximately $112,000. Finally, Cibc World Markets Corp acquired a new position in shares of Tronox in the 4th quarter worth approximately $112,000. 73.36% of the stock is currently owned by institutional investors and hedge funds.

Tronox Stock Down 8.7 %

Shares of Tronox stock traded down $0.51 on Friday, reaching $5.28. 5,124,803 shares of the company were exchanged, compared to its average volume of 1,267,413. The stock's 50 day moving average price is $8.06 and its 200-day moving average price is $10.49. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.47 and a quick ratio of 0.90. Tronox Holdings plc has a 1-year low of $5.07 and a 1-year high of $20.70. The company has a market cap of $833.12 million, a P/E ratio of -17.02 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 net margin of 1.56% and a negative return on equity of 0.63%. As a group, equities analysts forecast that Tronox Holdings plc will post 0.49 EPS for the current year.

Tronox Announces Dividend

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

Insider Activity

In other news, Director Stephen J. Jones bought 30,000 shares of the firm'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 transaction, the director now directly owns 30,000 shares in the company, 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 is accessible through the SEC website. Company insiders own 1.60% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Truist Financial dropped their target price on shares of Tronox from $17.00 to $14.00 and set a "buy" rating for the company in a report on Tuesday, February 18th. UBS Group dropped 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. Mizuho decreased their target price on Tronox from $11.00 to $9.00 and set a "neutral" rating on the stock in a research note on Thursday, March 13th. Morgan Stanley lowered their target price on 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 research note on Wednesday, February 26th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, Tronox presently has a consensus rating of "Moderate Buy" and a consensus price target of $13.50.

About Tronox

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.