Victory Capital Management Inc. Has $19.74 Million Stake in Tronox Holdings plc (NYSE:TROX)

Victory Capital Management Inc. reduced its stake in shares of Tronox Holdings plc (NYSE:TROX) by 15.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,394,143 shares of the company’s stock after selling 256,568 shares during the quarter. Victory Capital Management Inc.’s holdings in Tronox were worth $19,741,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Millburn Ridgefield Corp acquired a new position in Tronox during the 3rd quarter valued at about $25,000. Catalyst Capital Advisors LLC acquired a new position in Tronox in the third quarter valued at approximately $25,000. GAMMA Investing LLC bought a new position in Tronox in the fourth quarter valued at approximately $27,000. DekaBank Deutsche Girozentrale acquired a new stake in Tronox during the 3rd quarter worth $50,000. Finally, Natixis Advisors L.P. raised its position in shares of Tronox by 4.9% during the 3rd quarter. Natixis Advisors L.P. now owns 20,471 shares of the company’s stock valued at $275,000 after acquiring an additional 959 shares during the last quarter. Institutional investors and hedge funds own 73.36% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on TROX shares. StockNews.com lowered Tronox from a “hold” rating to a “sell” rating in a research report on Saturday, May 4th. BMO Capital Markets boosted their target price on Tronox from $19.00 to $24.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. UBS Group increased their price target on shares of Tronox from $13.00 to $14.00 and gave the company a “neutral” rating in a research report on Thursday, January 11th. Finally, The Goldman Sachs Group boosted their price objective on shares of Tronox from $17.00 to $22.00 and gave the company a “buy” rating in a report on Monday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, Tronox has an average rating of “Hold” and a consensus price target of $16.29.

Tronox Trading Down 0.1 %

NYSE:TROX opened at $19.18 on Friday. The company has a debt-to-equity ratio of 1.44, a current ratio of 3.12 and a quick ratio of 1.09. The business’s 50-day simple moving average is $16.94 and its 200-day simple moving average is $14.40. Tronox Holdings plc has a fifty-two week low of $10.08 and a fifty-two week high of $19.75. The stock has a market capitalization of $3.01 billion, a PE ratio of -8.60, a price-to-earnings-growth ratio of 25.36 and a beta of 1.91.

Tronox (NYSE:TROX) last announced its quarterly earnings results on Wednesday, May 1st. The company reported ($0.05) earnings per share 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 net margin of 11.93% and a negative return on equity of 2.74%. During the same period in the previous year, the firm posted $0.15 EPS. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. Sell-side analysts expect that Tronox Holdings plc will post 0.6 earnings per share for the current fiscal year.

Tronox Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Monday, May 20th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date of this dividend is Friday, May 17th. Tronox’s 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.