Quadrature Capital Ltd Makes New Investment in Tronox Holdings plc (NYSE:TROX)

Quadrature Capital Ltd purchased a new position in shares of Tronox Holdings plc (NYSE:TROX) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 24,905 shares of the company’s stock, valued at approximately $353,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Tronox by 0.3% in the third quarter. Vanguard Group Inc. now owns 12,476,001 shares of the company’s stock valued at $167,677,000 after purchasing an additional 41,481 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Tronox by 6.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 9,248,364 shares of the company’s stock worth $130,960,000 after purchasing an additional 597,663 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Tronox by 16.5% in the 4th quarter. Franklin Resources Inc. now owns 6,185,221 shares of the company’s stock valued at $87,583,000 after acquiring an additional 876,192 shares during the last quarter. Capital International Investors lifted its stake in shares of Tronox by 10.7% in the 4th quarter. Capital International Investors now owns 4,630,204 shares of the company’s stock valued at $65,564,000 after acquiring an additional 449,095 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Tronox by 7.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,951,090 shares of the company’s stock valued at $27,627,000 after acquiring an additional 127,718 shares during the last quarter. Institutional investors and hedge funds own 73.36% of the company’s stock.

Analyst Ratings Changes

TROX has been the subject of a number of research reports. Barclays increased their price target on Tronox from $17.00 to $22.00 and gave the company an “overweight” rating in a research note on Wednesday, May 15th. The Goldman Sachs Group increased their price objective on Tronox from $17.00 to $22.00 and gave the company a “buy” rating in a report on Monday, May 6th. Mizuho began coverage on Tronox in a report on Friday, June 7th. They issued a “neutral” rating and a $22.00 price objective for the company. StockNews.com downgraded Tronox from a “hold” rating to a “sell” rating in a report on Tuesday, June 11th. Finally, BMO Capital Markets increased their price target on Tronox from $19.00 to $24.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Tronox currently has an average rating of “Hold” and an average target price of $18.00.

Tronox Price Performance

TROX stock opened at $18.54 on Tuesday. The stock has a market capitalization of $2.93 billion, a PE ratio of -8.31, a price-to-earnings-growth ratio of 20.74 and a beta of 1.83. The company’s 50-day moving average is $18.68 and its 200-day moving average is $16.10. The company has a debt-to-equity ratio of 1.44, a current ratio of 3.12 and a quick ratio of 1.09. Tronox Holdings plc has a 1 year low of $10.08 and a 1 year high of $20.70.

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

Tronox Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Monday, May 20th were given a $0.125 dividend. The ex-dividend date was Friday, May 17th. This represents a $0.50 annualized dividend and a yield of 2.70%. Tronox’s payout ratio 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.