Sei Investments Co. Has $2.86 Million Position in Tronox Holdings plc (NYSE:TROX)

Sei Investments Co. grew its holdings in shares of Tronox Holdings plc (NYSE:TROX - Free Report) by 39.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 284,353 shares of the company's stock after buying an additional 81,078 shares during the quarter. Sei Investments Co. owned 0.18% of Tronox worth $2,863,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Thrivent Financial for Lutherans grew its stake in Tronox by 60.6% during the 4th quarter. Thrivent Financial for Lutherans now owns 6,938,289 shares of the company's stock valued at $69,869,000 after purchasing an additional 2,616,804 shares in the last quarter. Lightrock Netherlands B.V. bought a new stake in shares of Tronox in the fourth quarter worth $9,183,000. Bank of New York Mellon Corp increased its stake in shares of Tronox by 26.5% in the fourth quarter. Bank of New York Mellon Corp now owns 2,630,144 shares of the company's stock worth $26,486,000 after buying an additional 551,645 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Tronox by 11.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,456,867 shares of the company's stock valued at $24,741,000 after acquiring an additional 244,646 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in Tronox by 13.7% during the 4th quarter. American Century Companies Inc. now owns 1,731,311 shares of the company's stock valued at $17,434,000 after acquiring an additional 208,579 shares during the last quarter. Institutional investors and hedge funds own 73.36% of the company's stock.

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Insider Activity

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

Tronox Stock Performance

TROX stock traded down $0.51 during trading on Friday, reaching $5.28. 5,124,803 shares of the company's stock were exchanged, compared to its average volume of 1,267,413. The firm has a market cap of $833.12 million, a PE ratio of -17.02 and a beta of 1.53. 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 Holdings plc has a 1-year low of $5.07 and a 1-year high of $20.70. The company's fifty day moving average price is $8.06 and its 200-day moving average price is $10.48.

Tronox (NYSE:TROX - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.03 earnings per share (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%. On average, research analysts expect that Tronox Holdings plc will post 0.49 EPS for the current fiscal year.

Tronox Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on TROX shares. Mizuho cut their target price on shares of Tronox from $11.00 to $9.00 and set a "neutral" rating on the stock in a research note on Thursday, March 13th. The Goldman Sachs Group dropped their price objective 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. Truist Financial lowered their target price on Tronox from $17.00 to $14.00 and set a "buy" rating for the company in a report on Tuesday, February 18th. Morgan Stanley lowered their price objective 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. Finally, UBS Group cut their target price on Tronox from $16.00 to $15.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, Tronox presently has an average rating of "Moderate Buy" and an average 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.