1,989 Shares in Tronox Holdings plc (NYSE:TROX) Acquired by GAMMA Investing LLC

GAMMA Investing LLC bought a new position in Tronox Holdings plc (NYSE:TROX) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 1,989 shares of the company’s stock, valued at approximately $27,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Tronox by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 12,476,001 shares of the company’s stock worth $167,677,000 after acquiring an additional 41,481 shares in the last quarter. American Century Companies Inc. increased its holdings in Tronox by 10.1% in the 3rd quarter. American Century Companies Inc. now owns 1,851,361 shares of the company’s stock worth $24,882,000 after acquiring an additional 169,544 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Tronox by 8.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,823,372 shares of the company’s stock worth $24,506,000 after purchasing an additional 149,296 shares during the period. Victory Capital Management Inc. boosted its stake in Tronox by 12.2% in the 3rd quarter. Victory Capital Management Inc. now owns 1,650,711 shares of the company’s stock worth $22,186,000 after purchasing an additional 179,352 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its stake in Tronox by 42.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,210,243 shares of the company’s stock worth $16,266,000 after purchasing an additional 361,727 shares during the period. 73.36% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TROX has been the subject of several recent analyst reports. UBS Group upped their price target on Tronox from $13.00 to $14.00 and gave the stock a “neutral” rating in a research note on Thursday, January 11th. StockNews.com downgraded Tronox from a “hold” rating to a “sell” rating in a research note on Saturday. The Goldman Sachs Group upped their price target on Tronox from $17.00 to $22.00 and gave the stock a “buy” rating in a research note on Monday. Finally, BMO Capital Markets upped their price target on Tronox from $19.00 to $24.00 and gave the stock an “outperform” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Tronox currently has a consensus rating of “Hold” and a consensus price target of $16.29.

Tronox Stock Down 0.6 %

NYSE TROX opened at $18.72 on Tuesday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.09 and a current ratio of 3.12. The company has a market capitalization of $2.94 billion, a P/E ratio of -8.39, a P/E/G ratio of 25.36 and a beta of 1.91. Tronox Holdings plc has a one year low of $10.08 and a one year high of $19.75. The stock has a 50 day moving average price of $16.67 and a 200-day moving average price of $14.28.

Tronox (NYSE:TROX) last issued its quarterly earnings results on Wednesday, May 1st. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.06). The company had revenue of $774.00 million during the quarter, compared to the consensus estimate of $753.98 million. Tronox had a negative return on equity of 2.74% and a negative net margin of 11.93%. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.15 earnings per share. As a group, equities analysts predict that Tronox Holdings plc will post 0.6 EPS for the current fiscal year.

Tronox Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Monday, March 4th were given a $0.125 dividend. The ex-dividend date was Friday, March 1st. This represents a $0.50 dividend on an annualized basis and a yield of 2.67%. Tronox’s dividend payout ratio is presently -22.42%.

About Tronox

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.