Tronox Holdings plc (NYSE:TROX) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its stake in Tronox Holdings plc (NYSE:TROX - Free Report) by 3.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,490,472 shares of the company's stock after selling 47,251 shares during the period. Victory Capital Management Inc. owned 0.94% of Tronox worth $15,009,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in TROX. Public Employees Retirement System of Ohio bought a new stake in Tronox during the third quarter valued at about $66,000. Point72 Asia Singapore Pte. Ltd. grew its position in shares of Tronox by 34.6% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,548 shares of the company's stock worth $96,000 after buying an additional 1,683 shares during the last quarter. KBC Group NV raised its stake in shares of Tronox by 59.4% during the 4th quarter. KBC Group NV now owns 6,949 shares of the company's stock worth $70,000 after acquiring an additional 2,590 shares in the last quarter. Entropy Technologies LP purchased a new stake in shares of Tronox during the 3rd quarter valued at $190,000. Finally, Edgestream Partners L.P. acquired a new position in Tronox during the 3rd quarter valued at about $212,000. 73.36% of the stock is owned by hedge funds and other institutional investors.

Tronox Trading Down 1.8 %

Shares of TROX stock traded down $0.13 on Thursday, hitting $6.82. The stock had a trading volume of 1,142,674 shares, compared to its average volume of 1,760,234. The company's 50 day moving average price is $8.99 and its 200-day moving average price is $11.20. Tronox Holdings plc has a 1 year low of $6.64 and a 1 year high of $20.70. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.47 and a quick ratio of 0.90. The firm has a market capitalization of $1.08 billion, a P/E ratio of -21.98 and a beta of 1.64.

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Tronox (NYSE:TROX - Get Free Report) last posted its quarterly earnings data 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%. Analysts anticipate 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 will be paid on Friday, April 4th. Investors of record on Monday, March 3rd will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 7.34%. The ex-dividend date of this dividend is Monday, March 3rd. Tronox's dividend payout ratio (DPR) is presently -161.29%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on TROX shares. Mizuho dropped their price target on Tronox from $11.00 to $9.00 and set a "neutral" rating on the stock in a research note on Thursday. The Goldman Sachs Group cut their target price on Tronox from $13.00 to $11.50 and set a "buy" rating on the stock in a research report on Wednesday, February 26th. UBS Group decreased their price target on Tronox from $16.00 to $15.00 and set a "buy" rating for the company in a report on Thursday, February 13th. Truist Financial reduced their price target on shares of Tronox from $17.00 to $14.00 and set a "buy" rating for the company in a research report on Tuesday, February 18th. Finally, Morgan Stanley decreased 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 note on Monday, January 13th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $13.50.

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.