Quadrature Capital Ltd Makes New $353,000 Investment in Tronox Holdings plc (NYSE:TROX)

Quadrature Capital Ltd purchased a new position in Tronox Holdings plc (NYSE:TROX) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 24,905 shares of the company’s stock, valued at approximately $353,000.

A number of other hedge funds have also recently modified their holdings of the company. Natixis Advisors L.P. increased its position in shares of Tronox by 4.9% in the third quarter. Natixis Advisors L.P. now owns 20,471 shares of the company’s stock valued at $275,000 after acquiring an additional 959 shares during the period. Harbor Capital Advisors Inc. increased its position in shares of Tronox by 3.6% in the fourth quarter. Harbor Capital Advisors Inc. now owns 54,380 shares of the company’s stock valued at $770,000 after acquiring an additional 1,887 shares during the period. GAMMA Investing LLC purchased a new position in shares of Tronox in the fourth quarter valued at about $27,000. Rhumbline Advisers increased its position in shares of Tronox by 1.2% in the third quarter. Rhumbline Advisers now owns 183,441 shares of the company’s stock valued at $2,465,000 after acquiring an additional 2,139 shares during the period. Finally, Equitable Trust Co. increased its position in shares of Tronox by 8.5% in the fourth quarter. Equitable Trust Co. now owns 35,515 shares of the company’s stock valued at $503,000 after acquiring an additional 2,770 shares during the period. Hedge funds and other institutional investors own 73.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on TROX shares. The Goldman Sachs Group boosted their price objective on shares of Tronox from $17.00 to $22.00 and gave the company a “buy” rating in a research report on Monday, May 6th. StockNews.com cut shares of Tronox from a “hold” rating to a “sell” rating in a research report on Tuesday, June 11th. Mizuho started coverage on shares of Tronox in a research report on Friday, June 7th. They set a “neutral” rating and a $22.00 price target on the stock. BMO Capital Markets boosted their price target on shares of Tronox from $19.00 to $24.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd. Finally, Barclays boosted their price target on shares of Tronox from $17.00 to $22.00 and gave the company an “overweight” rating in a research report on Wednesday, May 15th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Tronox has an average rating of “Hold” and a consensus price target of $18.00.

Tronox Price Performance

Shares of NYSE TROX opened at $18.54 on Tuesday. Tronox Holdings plc has a fifty-two week low of $10.08 and a fifty-two week high of $20.70. The company has a 50 day simple moving average of $18.68 and a two-hundred day simple moving average of $16.10. The company has a market capitalization of $2.93 billion, a price-to-earnings ratio of -8.31, a P/E/G ratio of 20.74 and a beta of 1.83. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.09 and a current ratio of 3.12.

Tronox (NYSE:TROX) last announced its earnings results on Wednesday, May 1st. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.06). Tronox had a negative net margin of 11.93% and a negative return on equity of 2.74%. The business had revenue of $774.00 million for the quarter, compared to the consensus estimate of $753.98 million. During the same period in the prior year, the business posted $0.15 EPS. Tronox’s revenue for the quarter was up 9.3% on a year-over-year basis. Analysts expect that Tronox Holdings plc will post 0.71 EPS for the current fiscal year.

Tronox Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Monday, May 20th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date was Friday, May 17th. Tronox’s dividend payout ratio is -22.42%.

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.