60,381 Shares in Tronox Holdings plc (NYSE:TROX) Purchased by Seven Eight Capital LP

Seven Eight Capital LP acquired a new stake in shares of Tronox Holdings plc (NYSE:TROX) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 60,381 shares of the company’s stock, valued at approximately $947,000.

Other hedge funds also recently bought and sold shares of the company. Headlands Technologies LLC purchased a new stake in shares of Tronox in the second quarter valued at approximately $83,000. TFO Wealth Partners LLC grew 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 buying an additional 7,825 shares in the last quarter. nVerses Capital LLC acquired a new stake in shares of Tronox in the 2nd quarter worth $121,000. SG Americas Securities LLC purchased a new position in shares of Tronox during the 1st quarter worth $124,000. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Tronox by 9.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 10,232 shares of the company’s stock valued at $178,000 after acquiring an additional 861 shares during the last quarter. Institutional investors and hedge funds own 73.36% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on TROX shares. The Goldman Sachs Group reduced their target price on shares of Tronox from $18.00 to $16.00 and set a “buy” rating on the stock in a research note on Thursday. StockNews.com raised shares of Tronox from a “sell” rating to a “hold” rating in a research report on Monday, August 5th. Mizuho began coverage on Tronox in a research report on Friday, June 7th. They issued a “neutral” rating and a $22.00 price objective for the company. UBS Group reduced their target price on Tronox from $19.00 to $18.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th. Finally, Barclays lowered their price target on Tronox from $22.00 to $19.00 and set an “overweight” rating for the company in a report on Tuesday, August 6th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $18.33.

Tronox Trading Down 2.2 %

Shares of NYSE TROX opened at $12.68 on Friday. The stock has a fifty day simple moving average of $13.94 and a 200-day simple moving average of $16.36. Tronox Holdings plc has a twelve month low of $10.08 and a twelve month high of $20.70. 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 capitalization of $2.00 billion, a PE ratio of -5.69, a PEG ratio of 22.26 and a beta of 1.64.

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

Tronox Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Monday, August 26th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Monday, August 26th. This represents a $0.50 annualized dividend and a dividend yield of 3.94%. Tronox’s dividend payout ratio (DPR) 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.