Mesirow Institutional Investment Management Inc. Trims Stock Holdings in Tronox Holdings plc (NYSE:TROX)

Mesirow Institutional Investment Management Inc. reduced its position in shares of Tronox Holdings plc (NYSE:TROX - Free Report) by 4.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,178,476 shares of the company's stock after selling 57,812 shares during the period. Mesirow Institutional Investment Management Inc. owned about 0.75% of Tronox worth $11,867,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Thrivent Financial for Lutherans lifted its stake in Tronox by 60.6% during the fourth 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 during the last quarter. Lightrock Netherlands B.V. bought a new position in shares of Tronox in the fourth quarter valued at approximately $9,183,000. Capital International Investors boosted its holdings in Tronox by 14.8% during the fourth quarter. Capital International Investors now owns 6,060,943 shares of the company's stock valued at $61,034,000 after acquiring an additional 781,223 shares during the period. Bank of New York Mellon Corp grew its holdings in Tronox by 26.5% in the 4th quarter. Bank of New York Mellon Corp now owns 2,630,144 shares of the company's stock valued at $26,486,000 after buying an additional 551,645 shares during the last quarter. Finally, Marshall Wace LLP raised its stake in Tronox by 131.2% during the 4th quarter. Marshall Wace LLP now owns 526,222 shares of the company's stock valued at $5,299,000 after purchasing an additional 298,629 shares during the last quarter. 73.36% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TROX. The Goldman Sachs Group decreased their price target on Tronox from $13.00 to $11.50 and set a "buy" rating on the stock in a research note on Wednesday, February 26th. Morgan Stanley cut their target price on shares of Tronox from $16.00 to $12.00 and set an "equal weight" rating on the stock in a research report on Monday, January 13th. UBS Group dropped their price objective on Tronox from $16.00 to $15.00 and set a "buy" rating for the company in a report on Thursday, February 13th. Mizuho lowered their price objective on shares of Tronox from $11.00 to $9.00 and set a "neutral" rating for the company in a research report on Thursday, March 13th. Finally, Truist Financial lowered their price objective on shares of Tronox from $14.00 to $10.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $12.93.

Insider Transactions at Tronox

In other news, Director Stephen J. Jones bought 30,000 shares of the stock in a transaction that occurred on Tuesday, March 18th. The shares were bought at an average price of $7.17 per share, for a total transaction of $215,100.00. Following the purchase, the director now owns 30,000 shares in the company, valued at $215,100. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 1.70% of the company's stock.

Tronox Stock Down 1.0 %

Shares of NYSE TROX traded down $0.06 during mid-day trading on Friday, reaching $5.65. 814,173 shares of the company's stock traded hands, compared to its average volume of 1,391,581. Tronox Holdings plc has a 1-year low of $4.35 and a 1-year high of $20.70. The business has a 50-day simple moving average of $6.60 and a 200 day simple moving average of $9.60. The stock has a market cap of $892.67 million, a P/E ratio of -18.11 and a beta of 1.53. 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 (NYSE:TROX - Get Free Report) last announced its quarterly 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%. On average, analysts expect that Tronox Holdings plc will post 0.49 EPS for the current fiscal year.

Tronox Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 8.85%. The ex-dividend date of this dividend was Monday, March 3rd. Tronox's payout ratio 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.