Denali Advisors LLC Sells 14,000 Shares of Kronos Worldwide, Inc. (NYSE:KRO)

Denali Advisors LLC reduced its position in Kronos Worldwide, Inc. (NYSE:KRO) by 17.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 66,700 shares of the specialty chemicals company’s stock after selling 14,000 shares during the quarter. Denali Advisors LLC owned about 0.06% of Kronos Worldwide worth $837,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of KRO. First Eagle Investment Management LLC acquired a new stake in shares of Kronos Worldwide in the 1st quarter valued at approximately $1,799,000. Los Angeles Capital Management LLC acquired a new stake in shares of Kronos Worldwide in the 1st quarter valued at approximately $960,000. Mirador Capital Partners LP boosted its stake in shares of Kronos Worldwide by 3.2% in the 1st quarter. Mirador Capital Partners LP now owns 57,995 shares of the specialty chemicals company’s stock valued at $684,000 after purchasing an additional 1,825 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Kronos Worldwide in the 1st quarter valued at approximately $209,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Kronos Worldwide by 2.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,801,767 shares of the specialty chemicals company’s stock valued at $27,851,000 after purchasing an additional 66,081 shares in the last quarter. 15.11% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft raised their price target on shares of Kronos Worldwide from $12.00 to $15.00 and gave the company a “buy” rating in a research note on Tuesday, May 28th. Two equities research analysts have rated the stock with a sell rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $11.67.

Kronos Worldwide Stock Up 0.1 %

NYSE:KRO opened at $11.23 on Tuesday. The firm’s 50 day simple moving average is $11.41 and its 200 day simple moving average is $11.96. The company has a debt-to-equity ratio of 0.55, a current ratio of 3.61 and a quick ratio of 1.98. Kronos Worldwide, Inc. has a one year low of $6.16 and a one year high of $14.50. The company has a market cap of $1.29 billion, a PE ratio of -48.83 and a beta of 1.15.

Kronos Worldwide (NYSE:KRO) last posted its earnings results on Wednesday, August 7th. The specialty chemicals company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.04). Kronos Worldwide had a return on equity of 0.24% and a net margin of 0.11%. The business had revenue of $500.50 million for the quarter, compared to analyst estimates of $504.19 million. On average, research analysts anticipate that Kronos Worldwide, Inc. will post 0.88 earnings per share for the current year.

Kronos Worldwide Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 19th. Investors of record on Friday, September 6th will be given a dividend of $0.05 per share. The ex-dividend date is Friday, September 6th. This represents a $0.20 annualized dividend and a yield of 1.78%. Kronos Worldwide’s dividend payout ratio is presently -86.96%.

Kronos Worldwide Profile

Kronos Worldwide, Inc produces and markets titanium dioxide pigments (TiO2) in Europe, North America, the Asia Pacific, and internationally. The company produces TiO2 in two crystalline forms, rutile and anatase to impart whiteness, brightness, opacity, and durability for various products, including paints, coatings, plastics, paper, fibers, and ceramics, as well as for various specialty products, such as inks, foods, and cosmetics.