Barclays PLC Raises Stock Holdings in Tronox Holdings plc (NYSE:TROX)

Barclays PLC boosted its stake in Tronox Holdings plc (NYSE:TROX) by 320.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 182,629 shares of the company’s stock after purchasing an additional 139,161 shares during the quarter. Barclays PLC’s holdings in Tronox were worth $2,672,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Quantbot Technologies LP raised its position in shares of Tronox by 98.6% during the 3rd quarter. Quantbot Technologies LP now owns 174,922 shares of the company’s stock valued at $2,559,000 after buying an additional 86,852 shares in the last quarter. Royce & Associates LP increased its stake in Tronox by 20.8% in the third quarter. Royce & Associates LP now owns 493,543 shares of the company’s stock valued at $7,221,000 after acquiring an additional 84,830 shares during the last quarter. Algert Global LLC raised its position in Tronox by 127.2% during the second quarter. Algert Global LLC now owns 309,051 shares of the company’s stock valued at $4,849,000 after purchasing an additional 173,054 shares in the last quarter. Hantz Financial Services Inc. bought a new stake in Tronox during the second quarter worth about $2,717,000. Finally, Victory Capital Management Inc. boosted its holdings in shares of Tronox by 54.6% in the 3rd quarter. Victory Capital Management Inc. now owns 1,537,723 shares of the company’s stock worth $22,497,000 after purchasing an additional 543,091 shares in the last quarter. 73.36% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on TROX shares. BMO Capital Markets dropped their target price on Tronox from $21.00 to $17.00 and set an “outperform” rating for the company in a research report on Tuesday, October 29th. The Goldman Sachs Group lowered their price objective on shares of Tronox from $18.00 to $16.00 and set a “buy” rating for the company in a report on Thursday, September 19th. Barclays reduced their target price on shares of Tronox from $18.00 to $16.00 and set an “overweight” rating on the stock in a report on Monday, October 28th. Finally, UBS Group raised shares of Tronox from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $17.00 to $19.00 in a research note on Thursday, October 10th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Tronox currently has an average rating of “Moderate Buy” and a consensus target price of $18.00.

Tronox Trading Up 0.8 %

NYSE:TROX opened at $10.37 on Wednesday. The firm has a market capitalization of $1.64 billion, a P/E ratio of -21.60 and a beta of 1.59. The company has a quick ratio of 0.90, a current ratio of 2.72 and a debt-to-equity ratio of 1.42. The company has a fifty day moving average of $11.89 and a 200 day moving average of $13.84. Tronox Holdings plc has a 52 week low of $9.99 and a 52 week high of $20.70.

Tronox (NYSE:TROX) last issued its quarterly earnings data on Thursday, October 24th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.17 by ($0.30). The firm had revenue of $804.00 million for the quarter, compared to the consensus estimate of $790.63 million. Tronox had a negative net margin of 2.40% and a negative return on equity of 3.91%. The business’s revenue was up 21.5% on a year-over-year basis. During the same period last year, the company posted ($0.08) earnings per share. On average, research analysts predict that Tronox Holdings plc will post -0.04 earnings per share for the current year.

Tronox Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, November 11th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.50 annualized dividend and a dividend yield of 4.82%. Tronox’s dividend payout ratio (DPR) is presently -104.17%.

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.