Geode Capital Management LLC Purchases 31,538 Shares of Tronox Holdings PLC $TROX

Geode Capital Management LLC raised its position in shares of Tronox Holdings PLC (NYSE:TROX) by 1.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,826,014 shares of the company’s stock after purchasing an additional 31,538 shares during the period. Geode Capital Management LLC owned approximately 1.78% of Tronox worth $14,329,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. XTX Topco Ltd bought a new position in shares of Tronox during the 1st quarter valued at about $211,000. Credit Capital Investments LLC purchased a new stake in Tronox in the first quarter worth approximately $211,000. Primecap Management Co. CA grew its position in Tronox by 7.8% during the first quarter. Primecap Management Co. CA now owns 1,455,500 shares of the company’s stock valued at $10,247,000 after acquiring an additional 105,800 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Tronox by 15.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,832,510 shares of the company’s stock valued at $19,941,000 after acquiring an additional 375,643 shares during the last quarter. Finally, Wolverine Asset Management LLC raised its stake in shares of Tronox by 27.4% during the first quarter. Wolverine Asset Management LLC now owns 92,872 shares of the company’s stock worth $654,000 after acquiring an additional 20,000 shares in the last quarter. Institutional investors own 73.36% of the company’s stock.

Tronox Stock Performance

Shares of NYSE:TROX opened at $3.89 on Tuesday. The company has a current ratio of 2.10, a quick ratio of 0.52 and a debt-to-equity ratio of 1.64. The company has a market cap of $615.97 million, a price-to-earnings ratio of -2.46 and a beta of 1.36. Tronox Holdings PLC has a 12 month low of $2.86 and a 12 month high of $12.39. The company has a 50-day moving average price of $3.66 and a 200-day moving average price of $4.47.

Tronox (NYSE:TROX) last released its quarterly earnings results on Thursday, November 6th. The company reported ($0.46) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.25). Tronox had a negative net margin of 8.48% and a negative return on equity of 4.83%. The business had revenue of $699.00 million for the quarter, compared to the consensus estimate of $776.21 million. During the same period in the previous year, the company earned ($0.13) EPS. The company’s revenue for the quarter was down 13.1% on a year-over-year basis. As a group, equities analysts anticipate that Tronox Holdings PLC will post 0.49 EPS for the current year.

Tronox Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Monday, November 10th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Monday, November 10th. This represents a $0.20 dividend on an annualized basis and a yield of 5.1%. Tronox’s dividend payout ratio (DPR) is presently -9.76%.

Analyst Ratings Changes

Several research firms recently commented on TROX. Alembic Global Advisors reaffirmed an “overweight” rating and set a $6.00 target price on shares of Tronox in a report on Monday, September 15th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Tronox in a research report on Friday, October 3rd. The Goldman Sachs Group decreased their price objective on Tronox from $7.00 to $4.50 and set a “buy” rating on the stock in a report on Thursday, August 7th. Weiss Ratings reissued a “sell (d)” rating on shares of Tronox in a research note on Wednesday, October 8th. Finally, Morgan Stanley dropped their target price on Tronox from $8.00 to $4.00 and set an “equal weight” rating for the company in a report on Wednesday, August 6th. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Tronox currently has an average rating of “Hold” and a consensus target price of $4.92.

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.