Tronox Holdings plc (NYSE:TROX) Shares Sold by Great Lakes Advisors LLC

Great Lakes Advisors LLC lowered its position in Tronox Holdings plc (NYSE:TROX) by 32.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 10,554 shares of the company’s stock after selling 5,014 shares during the quarter. Great Lakes Advisors LLC’s holdings in Tronox were worth $106,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio purchased a new position in Tronox in the third quarter valued at about $66,000. KBC Group NV raised its position in Tronox by 59.4% in the fourth quarter. KBC Group NV now owns 6,949 shares of the company’s stock valued at $70,000 after purchasing an additional 2,590 shares during the period. Point72 Asia Singapore Pte. Ltd. raised its position in Tronox by 34.6% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,548 shares of the company’s stock valued at $96,000 after purchasing an additional 1,683 shares during the period. Atria Investments Inc purchased a new position in Tronox in the fourth quarter valued at about $112,000. Finally, Entropy Technologies LP purchased a new position in Tronox in the third quarter valued at about $190,000. 73.36% of the stock is owned by hedge funds and other institutional investors.

Tronox Stock Up 3.3 %

Shares of Tronox stock opened at $7.32 on Tuesday. The company has a quick ratio of 0.90, a current ratio of 2.47 and a debt-to-equity ratio of 1.54. The firm has a market cap of $1.16 billion, a P/E ratio of -23.60 and a beta of 1.64. Tronox Holdings plc has a fifty-two week low of $6.64 and a fifty-two week high of $20.70. The business has a 50-day moving average price of $8.84 and a 200 day moving average price of $11.03.

Tronox (NYSE:TROX) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.03 earnings per share 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, sell-side analysts forecast that Tronox Holdings plc will post 0.49 earnings per share for the current fiscal year.

Tronox Dividend Announcement

The company also recently disclosed 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 6.84%. The ex-dividend date is Monday, March 3rd. Tronox’s dividend payout ratio is currently -161.29%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Mizuho cut their price objective on Tronox from $11.00 to $9.00 and set a “neutral” rating on the stock in a research report on Thursday, March 13th. Morgan Stanley cut their price objective on Tronox from $16.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Truist Financial dropped their target price on Tronox from $17.00 to $14.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. The Goldman Sachs Group dropped 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. Finally, UBS Group dropped their target price on Tronox from $16.00 to $15.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average 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.