Tronox Holdings plc (NYSE:TROX) Shares Acquired by Graham Capital Management L.P.

Graham Capital Management L.P. lifted its position in shares of Tronox Holdings plc (NYSE:TROXGet Rating) by 293.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 62,994 shares of the company’s stock after buying an additional 46,986 shares during the quarter. Graham Capital Management L.P.’s holdings in Tronox were worth $1,246,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Tronox by 5.8% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,689 shares of the company’s stock worth $295,000 after purchasing an additional 802 shares in the last quarter. Teacher Retirement System of Texas increased its position in Tronox by 5.6% during the 1st quarter. Teacher Retirement System of Texas now owns 23,588 shares of the company’s stock worth $467,000 after purchasing an additional 1,252 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. increased its position in Tronox by 10.7% during the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 16,628 shares of the company’s stock worth $400,000 after purchasing an additional 1,610 shares in the last quarter. FDx Advisors Inc. increased its position in Tronox by 15.0% during the 1st quarter. FDx Advisors Inc. now owns 15,123 shares of the company’s stock worth $299,000 after purchasing an additional 1,967 shares in the last quarter. Finally, Cornercap Investment Counsel Inc. increased its position in Tronox by 7.7% during the 1st quarter. Cornercap Investment Counsel Inc. now owns 27,727 shares of the company’s stock worth $549,000 after purchasing an additional 1,986 shares in the last quarter. Institutional investors and hedge funds own 66.93% of the company’s stock.

Insider Buying and Selling at Tronox

In other Tronox news, CFO Timothy C. Carlson bought 5,000 shares of the business’s stock in a transaction on Thursday, June 16th. The shares were bought at an average cost of $15.86 per share, with a total value of $79,300.00. Following the transaction, the chief financial officer now directly owns 329,326 shares in the company, valued at approximately $5,223,110.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Tronox news, CFO Timothy C. Carlson bought 5,000 shares of the business’s stock in a transaction on Thursday, June 16th. The shares were bought at an average cost of $15.86 per share, with a total value of $79,300.00. Following the transaction, the chief financial officer now directly owns 329,326 shares in the company, valued at approximately $5,223,110.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jeffrey N. Neuman purchased 3,000 shares of the stock in a transaction dated Thursday, June 16th. The stock was purchased at an average price of $16.04 per share, with a total value of $48,120.00. Following the completion of the acquisition, the senior vice president now directly owns 189,312 shares in the company, valued at approximately $3,036,564.48. The disclosure for this purchase can be found here. 1.60% of the stock is currently owned by corporate insiders.

Tronox Stock Performance

Tronox stock opened at $14.62 on Monday. The stock’s 50 day moving average price is $15.51 and its 200 day moving average price is $17.44. The firm has a market capitalization of $2.26 billion, a PE ratio of 3.96, a price-to-earnings-growth ratio of 0.33 and a beta of 1.89. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.01 and a current ratio of 2.26. Tronox Holdings plc has a one year low of $13.72 and a one year high of $26.33.

Tronox (NYSE:TROXGet Rating) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.84 EPS for the quarter, hitting the consensus estimate of $0.84. The firm had revenue of $945.00 million for the quarter, compared to analyst estimates of $1 billion. Tronox had a return on equity of 20.25% and a net margin of 15.97%. Tronox’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.61 EPS. As a group, sell-side analysts expect that Tronox Holdings plc will post 3.27 EPS for the current fiscal year.

Tronox Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 16th. Shareholders of record on Monday, August 15th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date of this dividend is Friday, August 12th. Tronox’s payout ratio is 13.55%.

Wall Street Analysts Forecast Growth

TROX has been the subject of several recent analyst reports. Barclays lowered their price target on Tronox from $25.00 to $23.00 and set an “overweight” rating for the company in a report on Monday, July 11th. BMO Capital Markets lowered their price target on Tronox from $28.00 to $21.00 in a report on Friday, July 29th. Bank of America lowered their price target on Tronox from $25.00 to $23.00 and set a “buy” rating for the company in a report on Tuesday, June 14th. StockNews.com upgraded Tronox from a “hold” rating to a “buy” rating in a report on Saturday, August 27th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Tronox from $22.00 to $20.00 in a report on Friday, June 17th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $24.86.

Tronox Profile

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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; titanium tetrachloride; and other products.

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Institutional Ownership by Quarter for Tronox (NYSE:TROX)

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