Algert Global LLC Has $8 Million Holdings in Tronox Holdings plc (NYSE:TROX)

Algert Global LLC grew its position in Tronox Holdings plc (NYSE:TROX) by 77.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 546,967 shares of the company’s stock after acquiring an additional 237,916 shares during the quarter. Algert Global LLC’s holdings in Tronox were worth $8,002,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of TROX. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Tronox during the 2nd quarter valued at about $76,000. Headlands Technologies LLC acquired a new position in shares of Tronox during the 2nd quarter valued at about $83,000. nVerses Capital LLC acquired a new position in shares of Tronox during the 2nd quarter valued at about $121,000. SG Americas Securities LLC acquired a new stake in Tronox in the 1st quarter valued at approximately $124,000. Finally, Entropy Technologies LP acquired a new stake in Tronox in the 3rd quarter valued at approximately $190,000. 73.36% of the stock is owned by institutional investors and hedge funds.

Tronox Price Performance

Tronox stock opened at $12.29 on Friday. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.72 and a quick ratio of 0.90. The company has a market capitalization of $1.94 billion, a PE ratio of -25.60 and a beta of 1.66. Tronox Holdings plc has a one year low of $10.69 and a one year high of $20.70. The business has a 50 day simple moving average of $12.96 and a 200 day simple moving average of $15.16.

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

Tronox Dividend Announcement

The firm 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 is Friday, November 8th. This represents a $0.50 annualized dividend and a yield of 4.07%. Tronox’s payout ratio is -104.16%.

Wall Street Analyst Weigh In

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