Tronox Holdings PLC $TROX Shares Purchased by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC boosted its stake in Tronox Holdings PLC (NYSE:TROX) by 887.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 689,150 shares of the company’s stock after purchasing an additional 619,351 shares during the period. Tronox comprises approximately 0.2% of Counterpoint Mutual Funds LLC’s portfolio, making the stock its 27th largest position. Counterpoint Mutual Funds LLC owned 0.43% of Tronox worth $2,770,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the company. Primecap Management Co. CA grew its stake in shares of Tronox by 192.2% in the second 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 in the last quarter. CenterBook Partners LP acquired a new position in Tronox during the 3rd quarter worth about $6,552,000. Qube Research & Technologies Ltd boosted its holdings in Tronox by 355.4% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,650,069 shares of the company’s stock valued at $8,366,000 after acquiring an additional 1,287,755 shares during the period. Marshall Wace LLP grew its position in Tronox by 97.4% in the 2nd quarter. Marshall Wace LLP now owns 2,587,831 shares of the company’s stock valued at $13,120,000 after acquiring an additional 1,277,175 shares in the last quarter. Finally, Jump Financial LLC increased its stake in Tronox by 682.6% during the second quarter. Jump Financial LLC now owns 1,043,829 shares of the company’s stock worth $5,292,000 after purchasing an additional 910,442 shares during the period. 73.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TROX has been the subject of several recent research reports. The Goldman Sachs Group raised their price objective on shares of Tronox from $5.50 to $7.50 and gave the company a “buy” rating in a research note on Thursday, January 29th. Truist Financial increased their target price on shares of Tronox from $7.00 to $8.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. UBS Group boosted their price target on shares of Tronox from $3.80 to $5.25 and gave the stock a “neutral” rating in a research note on Monday, January 12th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $8.00 price objective on shares of Tronox in a research report on Tuesday, January 27th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Tronox in a report on Wednesday, January 21st. Five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $6.08.

Tronox Price Performance

Tronox stock opened at $6.88 on Tuesday. The business has a 50 day simple moving average of $5.90 and a 200-day simple moving average of $4.63. Tronox Holdings PLC has a 12 month low of $2.86 and a 12 month high of $8.80. The company has a debt-to-equity ratio of 1.97, a current ratio of 2.72 and a quick ratio of 0.73. The stock has a market capitalization of $1.09 billion, a PE ratio of -2.31 and a beta of 1.18.

Tronox (NYSE:TROX) last released its earnings results on Wednesday, February 18th. The company reported ($0.60) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.43) by ($0.17). Tronox had a negative return on equity of 14.28% and a negative net margin of 16.22%.The business had revenue of $730.00 million for the quarter, compared to analyst estimates of $730.22 million. During the same quarter in the previous year, the firm posted $0.03 EPS. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. Equities analysts predict that Tronox Holdings PLC will post 0.49 earnings per share for the current year.

Tronox Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Monday, February 23rd will be paid a $0.05 dividend. The ex-dividend date is Monday, February 23rd. This represents a $0.20 annualized dividend and a dividend yield of 2.9%. Tronox’s dividend payout ratio (DPR) is -6.73%.

Tronox Company Profile

Tronox Holdings plc is a vertically integrated global producer of titanium dioxide (TiO₂) pigment and specialty materials. The company’s operations encompass the full supply chain for TiO₂, from mining and processing titanium-bearing ores—such as ilmenite and rutile—to the production of high-purity pigment for use in paints, coatings, plastics, paper and other industrial applications. In addition to TiO₂, Tronox’s product portfolio includes zircon, rare earth byproducts and other specialty minerals that serve a range of industrial markets.

Tronox operates a network of mines, processing facilities and pigment plants located across North America, Europe, the Middle East, Australia and South Africa.