Quantbot Technologies LP Has $343,000 Stock Position in Tronox Holdings plc (NYSE:TROX)

Quantbot Technologies LP lessened its position in shares of Tronox Holdings plc (NYSE:TROX) by 80.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,055 shares of the company’s stock after selling 140,867 shares during the quarter. Quantbot Technologies LP’s holdings in Tronox were worth $343,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in TROX. Public Employees Retirement System of Ohio acquired a new position in Tronox during the 3rd quarter valued at about $66,000. KBC Group NV lifted its holdings 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 buying an additional 2,590 shares during the period. Point72 Asia Singapore Pte. Ltd. boosted its stake 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 acquiring an additional 1,683 shares during the last quarter. Atria Investments Inc bought a new position in Tronox in the fourth quarter valued at approximately $112,000. Finally, Cibc World Markets Corp acquired a new position in shares of Tronox in the 4th quarter valued at $112,000. Institutional investors own 73.36% of the company’s stock.

Insider Activity at Tronox

In related news, Director Stephen J. Jones purchased 30,000 shares of Tronox stock in a transaction that occurred on Tuesday, March 18th. The stock was purchased at an average cost of $7.17 per share, with a total value of $215,100.00. Following the completion of the transaction, the director now owns 30,000 shares of the company’s stock, valued at approximately $215,100. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.60% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms recently commented on TROX. Truist Financial dropped their price objective on Tronox from $17.00 to $14.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. UBS Group cut their price target on shares of Tronox from $16.00 to $15.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. The Goldman Sachs Group decreased their price objective on shares of Tronox from $13.00 to $11.50 and set a “buy” rating for the company in a report on Wednesday, February 26th. Mizuho cut their target price on shares of Tronox from $11.00 to $9.00 and set a “neutral” rating on the stock in a report on Thursday, March 13th. Finally, Morgan Stanley lowered their price objective on shares of Tronox from $16.00 to $12.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $13.50.

Tronox Stock Performance

TROX opened at $7.24 on Friday. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of -23.34 and a beta of 1.64. The business’s 50-day moving average price is $8.44 and its two-hundred day moving average price is $10.70. 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.

Tronox (NYSE:TROX) last announced its 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 net margin of 1.56% and a negative return on equity of 0.63%. Equities analysts expect that Tronox Holdings plc will post 0.49 EPS for the current fiscal year.

Tronox Dividend Announcement

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 dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 6.91%. The ex-dividend date of this dividend is Monday, March 3rd. Tronox’s payout ratio is -161.29%.

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.