Victory Capital Management Inc. Buys 543,091 Shares of Tronox Holdings plc (NYSE:TROX)

Victory Capital Management Inc. raised its position in shares of Tronox Holdings plc (NYSE:TROX - Free Report) by 54.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,537,723 shares of the company's stock after purchasing an additional 543,091 shares during the period. Victory Capital Management Inc. owned 0.97% of Tronox worth $22,497,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Tronox in the second quarter valued at approximately $76,000. Headlands Technologies LLC bought a new stake in Tronox during the 2nd quarter valued at $83,000. nVerses Capital LLC bought a new stake in Tronox during the 2nd quarter valued at $121,000. SG Americas Securities LLC purchased a new stake in shares of Tronox during the first quarter worth $124,000. Finally, Entropy Technologies LP bought a new position in shares of Tronox in the third quarter worth $190,000. 73.36% of the stock is owned by hedge funds and other institutional investors.

Tronox Stock Up 4.6 %

Shares of TROX stock traded up $0.52 on Tuesday, hitting $11.60. 1,565,746 shares of the company's stock traded hands, compared to its average volume of 1,124,810. The company's fifty day simple moving average is $12.95 and its 200 day simple moving average is $15.30. Tronox Holdings plc has a one year low of $10.69 and a one year high of $20.70. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.72 and a quick ratio of 0.90.

Tronox (NYSE:TROX - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.17 by ($0.30). Tronox had a negative net margin of 2.40% and a negative return on equity of 3.91%. The company had revenue of $804.00 million for the quarter, compared to the consensus estimate of $790.63 million. During the same period last year, the business posted ($0.08) earnings per share. The firm's quarterly revenue was up 21.5% compared to the same quarter last year. On average, sell-side analysts forecast that Tronox Holdings plc will post -0.04 earnings per share for the current fiscal year.

Tronox Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, November 11th will be given a $0.125 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.50 annualized dividend and a yield of 4.31%. Tronox's payout ratio is currently -104.16%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. BMO Capital Markets dropped their price objective on Tronox from $21.00 to $17.00 and set an "outperform" rating on the stock in a report on Tuesday, October 29th. UBS Group upgraded shares of Tronox from a "neutral" rating to a "buy" rating and raised their price objective for the company from $17.00 to $19.00 in a research report on Thursday, October 10th. StockNews.com raised shares of Tronox from a "sell" rating to a "hold" rating in a report on Monday, August 5th. The Goldman Sachs Group cut their price target on shares of Tronox from $18.00 to $16.00 and set a "buy" rating for the company in a report on Thursday, September 19th. Finally, Barclays lowered their price objective on Tronox from $18.00 to $16.00 and set an "overweight" rating on the stock in a research report on Monday, October 28th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $18.00.

Tronox Company 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.