Point72 DIFC Ltd Purchases Shares of 28,998 Tronox Holdings plc (NYSE:TROX)

Point72 DIFC Ltd purchased a new position in shares of Tronox Holdings plc (NYSE:TROX) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 28,998 shares of the company’s stock, valued at approximately $455,000.

Other institutional investors have also modified their holdings of the company. Headlands Technologies LLC acquired a new position in Tronox in the second quarter worth about $83,000. SG Americas Securities LLC acquired a new position in shares of Tronox in the 1st quarter worth approximately $124,000. nVerses Capital LLC bought a new stake in shares of Tronox in the 2nd quarter valued at approximately $121,000. TFO Wealth Partners LLC raised its position in shares of Tronox by 260,833.3% during the 4th 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 in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in Tronox by 9.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 10,232 shares of the company’s stock worth $178,000 after purchasing an additional 861 shares during the last quarter. Institutional investors and hedge funds own 73.36% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on TROX. UBS Group reduced their price objective on Tronox from $19.00 to $18.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. StockNews.com upgraded shares of Tronox from a “sell” rating to a “hold” rating in a research note on Monday, August 5th. Mizuho assumed coverage on Tronox in a research report on Friday, June 7th. They issued a “neutral” rating and a $22.00 target price for the company. Barclays lowered their price target on Tronox from $19.00 to $18.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, The Goldman Sachs Group cut their price objective on Tronox from $18.00 to $16.00 and set a “buy” rating for the company in a report on Thursday, September 19th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Tronox has an average rating of “Hold” and a consensus target price of $18.17.

Tronox Stock Performance

Shares of NYSE TROX opened at $13.22 on Thursday. The business’s 50-day moving average price is $13.73 and its two-hundred day moving average price is $16.32. Tronox Holdings plc has a one year low of $10.08 and a one year high of $20.70. The company has a market capitalization of $2.09 billion, a P/E ratio of -5.93, a price-to-earnings-growth ratio of 24.10 and a beta of 1.64. The company has a debt-to-equity ratio of 1.44, a current ratio of 2.98 and a quick ratio of 1.08.

Tronox (NYSE:TROX) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.11). The business had revenue of $820.00 million for the quarter, compared to analyst estimates of $848.04 million. Tronox had a negative return on equity of 3.40% and a negative net margin of 2.14%. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.16 earnings per share. Analysts anticipate that Tronox Holdings plc will post 0.44 earnings per share for the current fiscal year.

Tronox Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Monday, August 26th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, August 26th. This represents a $0.50 annualized dividend and a dividend yield of 3.78%. Tronox’s dividend payout ratio (DPR) is currently -22.42%.

Tronox 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.