XTX Topco Ltd Boosts Holdings in Tronox Holdings plc (NYSE:TROX)

XTX Topco Ltd grew its holdings in shares of Tronox Holdings plc (NYSE:TROX) by 266.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 38,479 shares of the company’s stock after acquiring an additional 27,971 shares during the quarter. XTX Topco Ltd’s holdings in Tronox were worth $604,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. First Eagle Investment Management LLC grew its holdings in shares of Tronox by 6.5% in the second quarter. First Eagle Investment Management LLC now owns 765,540 shares of the company’s stock worth $12,011,000 after purchasing an additional 46,700 shares during the last quarter. Seven Eight Capital LP bought a new position in shares of Tronox in the second quarter worth approximately $947,000. Virtu Financial LLC bought a new position in shares of Tronox in the second quarter worth approximately $1,009,000. Primecap Management Co. CA boosted its holdings in Tronox by 0.8% in the second quarter. Primecap Management Co. CA now owns 1,311,700 shares of the company’s stock valued at $20,581,000 after acquiring an additional 10,000 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D bought a new stake in Tronox in the second quarter valued at $1,480,000. 73.36% of the stock is owned by hedge funds and other institutional investors.

Tronox Stock Performance

Shares of TROX stock opened at $12.92 on Tuesday. The company’s fifty day moving average price is $13.86 and its 200-day moving average price is $16.36. The company has a current ratio of 2.98, a quick ratio of 1.08 and a debt-to-equity ratio of 1.44. The stock has a market cap of $2.04 billion, a PE ratio of -5.79, a price-to-earnings-growth ratio of 22.26 and a beta of 1.64. Tronox Holdings plc has a 12 month low of $10.08 and a 12 month high of $20.70.

Tronox (NYSE:TROX) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.11). The company had revenue of $820.00 million during the quarter, compared to analysts’ expectations of $848.04 million. Tronox had a negative return on equity of 3.40% and a negative net margin of 2.14%. Tronox’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.16 EPS. On average, equities analysts expect that Tronox Holdings plc will post 0.44 EPS for the current fiscal year.

Tronox Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Monday, August 26th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 3.87%. The ex-dividend date of this dividend is Monday, August 26th. Tronox’s dividend payout ratio is presently -22.42%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TROX. StockNews.com upgraded shares of Tronox from a “sell” rating to a “hold” rating in a report on Monday, August 5th. Barclays cut their price target on shares of Tronox from $22.00 to $19.00 and set an “overweight” rating on the stock in a report on Tuesday, August 6th. UBS Group cut their price target on shares of Tronox from $19.00 to $18.00 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. Mizuho initiated coverage on shares of Tronox in a report on Friday, June 7th. They set a “neutral” rating and a $22.00 target price on the stock. Finally, The Goldman Sachs Group dropped their target price on shares of Tronox from $18.00 to $16.00 and set a “buy” rating on the stock in a report on Thursday, September 19th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price 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.