Tronox Holdings plc (NYSE:TROX) Holdings Lowered by American Century Companies Inc.

American Century Companies Inc. reduced its stake in Tronox Holdings plc (NYSE:TROX) by 0.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,127,573 shares of the company’s stock after selling 16,795 shares during the period. American Century Companies Inc. owned 1.35% of Tronox worth $33,382,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Allspring Global Investments Holdings LLC raised its position in Tronox by 9.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 10,232 shares of the company’s stock worth $178,000 after acquiring an additional 861 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Tronox by 4.2% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 25,065 shares of the company’s stock worth $393,000 after buying an additional 1,014 shares in the last quarter. ProShare Advisors LLC grew its position in Tronox by 8.5% in the first quarter. ProShare Advisors LLC now owns 21,049 shares of the company’s stock worth $365,000 after buying an additional 1,657 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Tronox by 4.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 89,212 shares of the company’s stock valued at $1,548,000 after buying an additional 4,204 shares in the last quarter. Finally, Jade Capital Advisors LLC lifted its position in shares of Tronox by 7.1% during the 4th quarter. Jade Capital Advisors LLC now owns 75,000 shares of the company’s stock valued at $1,062,000 after acquiring an additional 5,000 shares during the last quarter. 73.36% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on TROX. The Goldman Sachs Group decreased their target price on Tronox from $21.00 to $18.00 and set a “buy” rating on the stock in a report on Tuesday, September 3rd. Mizuho started coverage on Tronox in a report on Friday, June 7th. They set a “neutral” rating and a $22.00 price objective on the stock. Barclays decreased their target price on shares of Tronox from $22.00 to $19.00 and set an “overweight” rating for the company 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. Finally, StockNews.com raised shares of Tronox from a “sell” rating to a “hold” rating in a research note on Monday, August 5th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $18.67.

Tronox Stock Performance

TROX stock opened at $12.40 on Wednesday. The stock has a market cap of $1.96 billion, a P/E ratio of -5.56, a P/E/G ratio of 21.86 and a beta of 1.64. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.08 and a current ratio of 2.98. The firm has a 50 day simple moving average of $14.23 and a 200 day simple moving average of $16.45. Tronox Holdings plc has a 52 week low of $10.08 and a 52 week high of $20.70.

Tronox (NYSE:TROX) last posted its quarterly 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). Tronox had a negative net margin of 2.14% and a negative return on equity of 3.40%. The company had revenue of $820.00 million for the quarter, compared to analysts’ expectations of $848.04 million. During the same quarter in the prior year, the firm earned $0.16 earnings per share. The company’s revenue was up 3.3% on a year-over-year basis. Research analysts anticipate that Tronox Holdings plc will post 0.44 earnings per share for the current fiscal year.

Tronox Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Monday, August 26th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, August 26th. This represents a $0.50 annualized dividend and a dividend yield of 4.03%. Tronox’s dividend payout ratio is -22.42%.

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.