23,846 Shares in Tronox Holdings plc (NYSE:TROX) Purchased by Nomura Holdings Inc.

Nomura Holdings Inc. acquired a new position in shares of Tronox Holdings plc (NYSE:TROX) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 23,846 shares of the company’s stock, valued at approximately $338,000.

Several other hedge funds have also bought and sold shares of TROX. Deutsche Bank AG boosted its stake in Tronox by 2.5% during the third quarter. Deutsche Bank AG now owns 132,869 shares of the company’s stock worth $1,786,000 after acquiring an additional 3,238 shares in the last quarter. Rhumbline Advisers raised its holdings in Tronox by 1.2% in the third quarter. Rhumbline Advisers now owns 183,441 shares of the company’s stock worth $2,465,000 after buying an additional 2,139 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new position in Tronox in the third quarter worth about $50,000. Natixis Advisors L.P. raised its holdings in Tronox by 4.9% in the third quarter. Natixis Advisors L.P. now owns 20,471 shares of the company’s stock worth $275,000 after buying an additional 959 shares during the last quarter. Finally, Primecap Management Co. CA purchased a new position in Tronox in the third quarter worth about $15,378,000. Institutional investors own 73.36% of the company’s stock.

Tronox Price Performance

TROX opened at $17.79 on Friday. The company has a debt-to-equity ratio of 1.44, a current ratio of 3.12 and a quick ratio of 1.09. The firm has a 50 day moving average price of $18.64 and a 200-day moving average price of $16.04. Tronox Holdings plc has a twelve month low of $10.08 and a twelve month high of $20.70.

Tronox (NYSE:TROX) last announced its earnings results on Wednesday, May 1st. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.06). The business had revenue of $774.00 million for the quarter, compared to the consensus estimate of $753.98 million. Tronox had a negative net margin of 11.93% and a negative return on equity of 2.74%. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.15 earnings per share. As a group, equities research analysts predict that Tronox Holdings plc will post 0.71 EPS for the current fiscal year.

Tronox Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Monday, May 20th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, May 17th. This represents a $0.50 annualized dividend and a yield of 2.81%. Tronox’s dividend payout ratio (DPR) is -22.42%.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. StockNews.com cut shares of Tronox from a “hold” rating to a “sell” rating in a report on Tuesday, June 11th. Barclays lifted their target price on shares of Tronox from $17.00 to $22.00 and gave the stock an “overweight” rating in a report on Wednesday, May 15th. The Goldman Sachs Group lifted their target price on shares of Tronox from $17.00 to $22.00 and gave the stock a “buy” rating in a report on Monday, May 6th. BMO Capital Markets boosted their price objective on shares of Tronox from $19.00 to $24.00 and gave the company an “outperform” rating in a report on Friday, May 3rd. Finally, Mizuho initiated coverage on shares of Tronox in a report on Friday, June 7th. They set a “neutral” rating and a $22.00 price objective for the company. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” 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.