Tronox Holdings plc (NYSE:TROX) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA reduced its stake in shares of Tronox Holdings plc (NYSE:TROX) by 6.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 704,408 shares of the company’s stock after selling 52,474 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Tronox were worth $11,052,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of TROX. Principal Financial Group Inc. raised its holdings in Tronox by 22.2% during the fourth quarter. Principal Financial Group Inc. now owns 75,445 shares of the company’s stock worth $1,068,000 after purchasing an additional 13,689 shares in the last quarter. Norges Bank acquired a new stake in shares of Tronox in the fourth quarter valued at $7,760,000. Primecap Management Co. CA boosted its stake in Tronox by 7.9% during the fourth quarter. Primecap Management Co. CA now owns 1,234,700 shares of the company’s stock valued at $17,483,000 after buying an additional 90,500 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new position in Tronox during the fourth quarter worth about $702,000. Finally, TFO Wealth Partners LLC lifted its holdings in Tronox by 260,833.3% in the 4th quarter. TFO Wealth Partners LLC now owns 7,828 shares of the company’s stock valued at $111,000 after acquiring an additional 7,825 shares during the last quarter. Institutional investors and hedge funds own 73.36% of the company’s stock.

Tronox Trading Down 2.2 %

NYSE TROX opened at $12.68 on Friday. The firm’s 50 day moving average price is $13.94 and its two-hundred day moving average price is $16.37. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.08 and a current ratio of 2.98. Tronox Holdings plc has a twelve month low of $10.08 and a twelve month high of $20.70. The stock has a market cap of $2.00 billion, a price-to-earnings ratio of -5.69, a PEG ratio of 22.26 and a beta of 1.64.

Tronox (NYSE:TROX) last issued its earnings results on Thursday, August 1st. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.11). The business had revenue of $820.00 million during the quarter, compared to analyst estimates of $848.04 million. Tronox had a negative return on equity of 3.40% and a negative net margin of 2.14%. The business’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period last year, the business earned $0.16 EPS. Equities analysts anticipate that Tronox Holdings plc will post 0.44 EPS for the current year.

Tronox Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Monday, August 26th will be issued a $0.125 dividend. The ex-dividend date is Monday, August 26th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.94%. Tronox’s dividend payout ratio is -22.42%.

Analyst Ratings Changes

TROX has been the topic of several recent research reports. UBS Group lowered their price objective on shares of Tronox from $19.00 to $18.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. StockNews.com upgraded shares of Tronox from a “sell” rating to a “hold” rating in a research report on Monday, August 5th. Mizuho started coverage on Tronox in a research report on Friday, June 7th. They set a “neutral” rating and a $22.00 price objective for the company. Barclays decreased their target price on Tronox from $22.00 to $19.00 and set an “overweight” rating on the stock in a report on Tuesday, August 6th. Finally, The Goldman Sachs Group reduced their target price on Tronox from $18.00 to $16.00 and set a “buy” rating for the company in a report on Thursday. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $18.33.

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.