19,580 Shares in Tronox Holdings plc (NYSE:TROX) Bought by Capstone Investment Advisors LLC

Capstone Investment Advisors LLC purchased a new stake in Tronox Holdings plc (NYSE:TROXFree Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 19,580 shares of the company’s stock, valued at approximately $277,000.

Several other institutional investors and hedge funds also recently made changes to their positions in TROX. TFO Wealth Partners LLC boosted its holdings in Tronox by 260,833.3% in the fourth quarter. TFO Wealth Partners LLC now owns 7,828 shares of the company’s stock valued at $111,000 after acquiring an additional 7,825 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in shares of Tronox during the fourth quarter worth $702,000. Primecap Management Co. CA raised its stake in Tronox by 7.9% during the fourth quarter. Primecap Management Co. CA now owns 1,234,700 shares of the company’s stock worth $17,483,000 after buying an additional 90,500 shares during the last quarter. Franklin Resources Inc. lifted its holdings in Tronox by 16.5% in the fourth quarter. Franklin Resources Inc. now owns 6,185,221 shares of the company’s stock valued at $87,583,000 after buying an additional 876,192 shares during the period. Finally, Norges Bank bought a new stake in Tronox during the fourth quarter valued at $7,760,000. Institutional investors and hedge funds own 73.36% of the company’s stock.

Tronox Stock Performance

TROX opened at $19.81 on Monday. Tronox Holdings plc has a 1-year low of $10.08 and a 1-year high of $19.98. The company has a market cap of $3.13 billion, a price-to-earnings ratio of -8.88, a PEG ratio of 22.59 and a beta of 1.83. The company’s fifty day moving average price is $17.96 and its two-hundred day moving average price is $15.37. The company has a current ratio of 3.12, a quick ratio of 1.09 and a debt-to-equity ratio of 1.44.

Tronox (NYSE:TROXGet Free Report) last posted its 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 business had revenue of $774.00 million during the quarter, compared to analyst estimates of $753.98 million. Tronox had a negative return on equity of 2.74% and a negative net margin of 11.93%. The company’s revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.15 EPS. On average, analysts expect that Tronox Holdings plc will post 0.71 EPS 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 given a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, May 17th. This represents a $0.50 annualized dividend and a dividend yield of 2.52%. Tronox’s payout ratio is -22.42%.

Analyst Ratings Changes

TROX has been the topic of a number of recent analyst reports. StockNews.com raised Tronox from a “sell” rating to a “hold” rating in a research note on Monday, May 13th. BMO Capital Markets increased their price target on Tronox from $19.00 to $24.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. The Goldman Sachs Group lifted their price objective on shares of Tronox from $17.00 to $22.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Finally, Barclays increased their target price on shares of Tronox from $17.00 to $22.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 15th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $17.43.

Get Our Latest Stock Report on Tronox

About Tronox

(Free Report)

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.

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Institutional Ownership by Quarter for Tronox (NYSE:TROX)

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