Atria Investments Inc Makes New $112,000 Investment in Tronox Holdings plc (NYSE:TROX)

Atria Investments Inc acquired a new position in Tronox Holdings plc (NYSE:TROX) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 11,120 shares of the company’s stock, valued at approximately $112,000.

Other institutional investors have also recently made changes to their positions in the company. Quantbot Technologies LP lifted its holdings in shares of Tronox by 98.6% in the 3rd quarter. Quantbot Technologies LP now owns 174,922 shares of the company’s stock worth $2,559,000 after acquiring an additional 86,852 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Tronox by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,713,606 shares of the company’s stock worth $39,708,000 after acquiring an additional 22,165 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Tronox by 26.5% in the 4th quarter. Bank of New York Mellon Corp now owns 2,630,144 shares of the company’s stock worth $26,486,000 after acquiring an additional 551,645 shares during the last quarter. Atom Investors LP lifted its holdings in shares of Tronox by 72.9% in the 3rd quarter. Atom Investors LP now owns 125,790 shares of the company’s stock worth $1,840,000 after acquiring an additional 53,034 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of Tronox by 18.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 831,254 shares of the company’s stock worth $12,161,000 after acquiring an additional 126,846 shares during the last quarter. Institutional investors own 73.36% of the company’s stock.

Insider Buying and Selling at Tronox

In other Tronox news, Director Stephen J. Jones acquired 30,000 shares of the firm’s stock in a transaction on Tuesday, March 18th. The stock was acquired at an average cost of $7.17 per share, for a total transaction of $215,100.00. Following the purchase, the director now owns 30,000 shares in the company, valued at approximately $215,100. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on TROX. UBS Group decreased their price objective on shares of Tronox from $16.00 to $15.00 and set a “buy” rating for the company in a report on Thursday, February 13th. Morgan Stanley cut their target price on shares of Tronox from $16.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Mizuho cut their target price on shares of Tronox from $11.00 to $9.00 and set a “neutral” rating on the stock in a research report on Thursday, March 13th. The Goldman Sachs Group cut their target price on shares of Tronox from $13.00 to $11.50 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. Finally, Truist Financial cut their price objective on shares of Tronox from $17.00 to $14.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $13.50.

Tronox Stock Up 2.1 %

NYSE:TROX opened at $7.43 on Thursday. The company has a market cap of $1.17 billion, a PE ratio of -23.95 and a beta of 1.64. Tronox Holdings plc has a twelve month low of $6.64 and a twelve month high of $20.70. The company has a current ratio of 2.47, a quick ratio of 0.90 and a debt-to-equity ratio of 1.54. The company’s 50 day moving average is $8.76 and its two-hundred day moving average is $10.96.

Tronox (NYSE:TROX) last released its earnings results on Wednesday, February 12th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.03). Tronox had a negative return on equity of 0.63% and a negative net margin of 1.56%. Analysts anticipate that Tronox Holdings plc will post 0.49 EPS for the current year.

Tronox Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 6.73%. The ex-dividend date is Monday, March 3rd. Tronox’s payout ratio is -161.29%.

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.