Tronox Holdings plc (NYSE:TROX) Shares Acquired by Sei Investments Co.

Sei Investments Co. increased its stake in Tronox Holdings plc (NYSE:TROX - Free Report) by 39.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 284,353 shares of the company's stock after purchasing an additional 81,078 shares during the period. Sei Investments Co. owned 0.18% of Tronox worth $2,863,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Geode Capital Management LLC lifted its stake in Tronox by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,713,606 shares of the company's stock valued at $39,708,000 after acquiring an additional 22,165 shares during the period. Raymond James Financial Inc. purchased a new stake in Tronox in the fourth quarter valued at $701,000. Bank of New York Mellon Corp grew its position in 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 during the period. Bank of Montreal Can raised its stake in shares of Tronox by 140.1% during the 3rd quarter. Bank of Montreal Can now owns 160,929 shares of the company's stock valued at $2,333,000 after buying an additional 93,893 shares during the last quarter. Finally, Inspire Investing LLC acquired a new position in shares of Tronox in the 4th quarter valued at about $403,000. Hedge funds and other institutional investors own 73.36% of the company's stock.

Insider Transactions at Tronox

In related news, Director Stephen J. Jones purchased 30,000 shares of Tronox stock in a transaction dated Tuesday, March 18th. The shares were acquired at an average price of $7.17 per share, for a total transaction of $215,100.00. Following the acquisition, the director now directly owns 30,000 shares in the company, valued at approximately $215,100. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.60% of the company's stock.

Analyst Ratings Changes

TROX has been the subject of several recent research reports. Morgan Stanley reduced their price target on Tronox from $16.00 to $12.00 and set an "equal weight" rating for the company in a research report on Monday, January 13th. UBS Group decreased their target price on shares of Tronox from $16.00 to $15.00 and set a "buy" rating for the company in a research note on Thursday, February 13th. Mizuho dropped their price target on shares of Tronox from $11.00 to $9.00 and set a "neutral" rating on the stock in a research report on Thursday, March 13th. The Goldman Sachs Group decreased their price objective 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. Finally, Truist Financial dropped their target price on Tronox from $17.00 to $14.00 and set a "buy" rating on the stock 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. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $13.50.

Tronox Price Performance

Shares of TROX traded up $0.89 during trading hours on Wednesday, hitting $5.40. 6,449,463 shares of the stock were exchanged, compared to its average volume of 1,329,096. The stock's 50-day moving average price is $7.52 and its two-hundred day moving average price is $10.24. Tronox Holdings plc has a 12-month low of $4.30 and a 12-month high of $20.70. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.90 and a current ratio of 2.47. The company has a market cap of $852.87 million, a price-to-earnings ratio of -17.42 and a beta of 1.53.

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

Tronox Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Monday, March 3rd were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 9.26%. The ex-dividend date was Monday, March 3rd. Tronox's dividend payout ratio (DPR) is -161.29%.

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.