Nisa Investment Advisors LLC Has $65,000 Stock Holdings in Tronox Holdings PLC (NYSE:TROX)

Nisa Investment Advisors LLC lifted its stake in Tronox Holdings PLC (NYSE:TROX) by 763.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,127 shares of the company’s stock after buying an additional 8,070 shares during the period. Nisa Investment Advisors LLC’s holdings in Tronox were worth $65,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of TROX. Raymond James Financial Inc. acquired a new position in Tronox in the fourth quarter valued at about $701,000. Cibc World Markets Corp bought a new position in shares of Tronox in the fourth quarter valued at approximately $112,000. Semanteon Capital Management LP boosted its holdings in shares of Tronox by 35.0% in the 4th quarter. Semanteon Capital Management LP now owns 116,787 shares of the company’s stock worth $1,176,000 after acquiring an additional 30,308 shares in the last quarter. American Century Companies Inc. grew its position in Tronox by 13.7% during the 4th quarter. American Century Companies Inc. now owns 1,731,311 shares of the company’s stock worth $17,434,000 after acquiring an additional 208,579 shares during the last quarter. Finally, Sei Investments Co. increased its holdings in Tronox by 39.9% during the 4th quarter. Sei Investments Co. now owns 284,353 shares of the company’s stock valued at $2,863,000 after purchasing an additional 81,078 shares in the last quarter. Institutional investors own 73.36% of the company’s stock.

Tronox Trading Down 0.9%

NYSE:TROX opened at $5.51 on Friday. The stock has a market capitalization of $873.11 million, a PE ratio of -5.80 and a beta of 1.37. Tronox Holdings PLC has a fifty-two week low of $4.35 and a fifty-two week high of $16.57. The company has a debt-to-equity ratio of 1.61, a current ratio of 2.28 and a quick ratio of 0.61. The business’s 50-day simple moving average is $5.47 and its 200-day simple moving average is $6.85.

Tronox (NYSE:TROX) last announced its earnings results on Wednesday, April 30th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.17). Tronox had a negative return on equity of 1.57% and a negative net margin of 4.94%. The company had revenue of $738.00 million during the quarter, compared to analyst estimates of $745.96 million. During the same period in the previous year, the company posted ($0.05) earnings per share. Tronox’s revenue for the quarter was down 4.7% on a year-over-year basis. Sell-side analysts expect that Tronox Holdings PLC will post 0.49 earnings per share for the current fiscal year.

Tronox Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 2nd. Shareholders of record on Monday, May 19th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 9.07%. The ex-dividend date was Monday, May 19th. Tronox’s dividend payout ratio (DPR) is currently -52.63%.

Insider Buying and Selling at Tronox

In other Tronox news, SVP Jeffrey N. Neuman acquired 10,266 shares of the business’s stock in a transaction dated Wednesday, May 7th. The shares were acquired at an average price of $4.89 per share, with a total value of $50,200.74. Following the completion of the transaction, the senior vice president directly owned 10,266 shares in the company, valued at $50,200.74. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. The Goldman Sachs Group decreased their price objective on shares of Tronox from $11.50 to $7.50 and set a “buy” rating on the stock in a report on Tuesday, May 6th. BMO Capital Markets cut shares of Tronox from a “market perform” rating to an “underperform” rating and decreased their price target for the company from $7.00 to $3.00 in a research note on Monday, June 30th. Truist Financial dropped their price objective on shares of Tronox from $14.00 to $10.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Morgan Stanley decreased their price objective on Tronox from $12.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Monday, May 5th. Finally, Mizuho lowered their target price on Tronox from $6.00 to $5.00 and set a “neutral” rating for the company in a research note on Tuesday. Two analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Tronox presently has an average rating of “Hold” and a consensus target price of $7.06.

Tronox Company 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.