American Century Companies Inc. Increases Holdings in Tronox Holdings PLC $TROX

American Century Companies Inc. raised its stake in Tronox Holdings PLC (NYSE:TROX) by 7.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,060,458 shares of the company’s stock after purchasing an additional 151,360 shares during the quarter. American Century Companies Inc. owned about 1.30% of Tronox worth $10,447,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Primecap Management Co. CA raised its holdings in shares of Tronox by 192.2% during the 2nd quarter. Primecap Management Co. CA now owns 4,252,502 shares of the company’s stock valued at $21,560,000 after buying an additional 2,797,002 shares during the period. SG Americas Securities LLC grew its position in Tronox by 244.6% in the second quarter. SG Americas Securities LLC now owns 147,058 shares of the company’s stock valued at $746,000 after acquiring an additional 104,381 shares in the last quarter. Franklin Resources Inc. grew its position in Tronox by 1,712.8% in the second quarter. Franklin Resources Inc. now owns 848,422 shares of the company’s stock valued at $4,302,000 after acquiring an additional 801,620 shares in the last quarter. Envestnet Asset Management Inc. purchased a new stake in shares of Tronox during the second quarter valued at approximately $395,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Tronox by 15.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,832,510 shares of the company’s stock worth $19,941,000 after purchasing an additional 375,643 shares in the last quarter. Hedge funds and other institutional investors own 73.36% of the company’s stock.

Tronox Price Performance

Shares of NYSE TROX opened at $3.83 on Friday. The company has a current ratio of 2.72, a quick ratio of 0.73 and a debt-to-equity ratio of 1.97. The company has a market capitalization of $606.45 million, a price-to-earnings ratio of -1.87 and a beta of 1.19. Tronox Holdings PLC has a twelve month low of $2.86 and a twelve month high of $12.39. The business has a 50 day simple moving average of $3.64 and a 200-day simple moving average of $4.45.

Tronox (NYSE:TROX) last announced its quarterly earnings data on Thursday, November 6th. The company reported ($0.46) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.25). Tronox had a negative return on equity of 8.10% and a negative net margin of 11.39%.The firm had revenue of $699.00 million for the quarter, compared to the consensus estimate of $776.21 million. During the same quarter last year, the business earned ($0.13) earnings per share. The business’s revenue for the quarter was down 13.1% compared to the same quarter last year. As a group, equities research analysts expect that Tronox Holdings PLC will post 0.49 earnings per share for the current year.

Tronox Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Monday, November 10th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Monday, November 10th. This represents a $0.20 annualized dividend and a dividend yield of 5.2%. Tronox’s payout ratio is -9.76%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on TROX shares. The Goldman Sachs Group lowered their price target on shares of Tronox from $7.00 to $4.50 and set a “buy” rating for the company in a report on Thursday, August 7th. Alembic Global Advisors reissued an “overweight” rating and issued a $6.00 price objective on shares of Tronox in a research report on Monday, September 15th. Truist Financial dropped their target price on Tronox from $6.00 to $5.00 and set a “buy” rating on the stock in a research report on Monday, October 20th. Weiss Ratings reiterated a “sell (d)” rating on shares of Tronox in a research note on Wednesday, October 8th. Finally, Mizuho lowered their price objective on Tronox from $3.50 to $3.00 and set an “underperform” rating for the company in a research note on Thursday, November 6th. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Tronox currently has an average rating of “Hold” and an average price target 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.