Tronox Holdings plc (NYSE:TROX) Stake Increased by Algert Global LLC

Algert Global LLC raised its holdings in shares of Tronox Holdings plc (NYSE:TROX) by 77.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 546,967 shares of the company’s stock after purchasing an additional 237,916 shares during the period. Algert Global LLC owned about 0.35% of Tronox worth $8,002,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Tronox in the second quarter worth about $76,000. Headlands Technologies LLC acquired a new stake in Tronox in the second quarter worth about $83,000. SG Americas Securities LLC bought a new stake in Tronox in the first quarter worth about $124,000. nVerses Capital LLC bought a new stake in Tronox in the second quarter worth about $121,000. Finally, MQS Management LLC bought a new stake in Tronox in the second quarter worth about $195,000. Institutional investors own 73.36% of the company’s stock.

Tronox Stock Up 1.5 %

NYSE:TROX opened at $12.29 on Friday. The business’s fifty day moving average price is $12.96 and its 200 day moving average price is $15.16. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of -25.60 and a beta of 1.66. The company has a current ratio of 2.72, a quick ratio of 0.90 and a debt-to-equity ratio of 1.42. Tronox Holdings plc has a 1-year low of $10.69 and a 1-year high of $20.70.

Tronox (NYSE:TROX) last issued its earnings results on Thursday, October 24th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.30). Tronox had a negative net margin of 2.40% and a negative return on equity of 3.91%. The business had revenue of $804.00 million during the quarter, compared to analyst estimates of $790.63 million. During the same quarter in the prior year, the company earned ($0.08) EPS. Tronox’s revenue for the quarter was up 21.5% on a year-over-year basis. On average, sell-side analysts forecast that Tronox Holdings plc will post -0.04 earnings per share for the current fiscal year.

Tronox Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, November 11th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 4.07%. The ex-dividend date is Friday, November 8th. Tronox’s dividend payout ratio is currently -104.16%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Barclays dropped their price target on shares of Tronox from $18.00 to $16.00 and set an “overweight” rating on the stock in a research report on Monday, October 28th. The Goldman Sachs Group dropped their price target on shares of Tronox from $18.00 to $16.00 and set a “buy” rating on the stock in a research report on Thursday, September 19th. StockNews.com upgraded shares of Tronox from a “sell” rating to a “hold” rating in a research report on Monday, August 5th. BMO Capital Markets dropped their price target on shares of Tronox from $21.00 to $17.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 29th. Finally, UBS Group upgraded 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 report on Thursday, October 10th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Tronox presently has a consensus rating of “Moderate Buy” and an average target price of $18.00.

About Tronox

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.