Headlands Technologies LLC bought a new position in Tronox Holdings plc (NYSE:TROX – Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 5,259 shares of the company’s stock, valued at approximately $83,000.
Several other institutional investors also recently modified their holdings of the business. Rhumbline Advisers increased its position in shares of Tronox by 5.3% during the 2nd quarter. Rhumbline Advisers now owns 199,568 shares of the company’s stock valued at $3,131,000 after purchasing an additional 9,969 shares during the last quarter. Natixis Advisors LLC increased its holdings in Tronox by 136.4% during the second quarter. Natixis Advisors LLC now owns 51,844 shares of the company’s stock worth $813,000 after buying an additional 29,909 shares during the last quarter. nVerses Capital LLC bought a new stake in Tronox in the second quarter worth about $121,000. Hantz Financial Services Inc. purchased a new position in Tronox in the second quarter valued at about $2,717,000. Finally, Van Lanschot Kempen Investment Management N.V. grew its position in shares of Tronox by 2.9% during the 2nd quarter. Van Lanschot Kempen Investment Management N.V. now owns 2,426,486 shares of the company’s stock valued at $38,072,000 after acquiring an additional 68,155 shares during the period. 73.36% of the stock is owned by institutional investors.
Tronox Stock Performance
Shares of TROX opened at $11.92 on Tuesday. Tronox Holdings plc has a 52-week low of $10.08 and a 52-week high of $20.70. The stock’s 50-day simple moving average is $14.32 and its 200 day simple moving average is $16.47. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.08 and a current ratio of 2.98. The stock has a market capitalization of $1.88 billion, a price-to-earnings ratio of -5.38, a price-to-earnings-growth ratio of 21.86 and a beta of 1.64.
Tronox Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Monday, August 26th will be given a $0.125 dividend. The ex-dividend date is Monday, August 26th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.19%. Tronox’s dividend payout ratio (DPR) is presently -22.42%.
Analyst Ratings Changes
TROX has been the topic of a number of research reports. StockNews.com raised shares of Tronox from a “sell” rating to a “hold” rating in a report on Monday, August 5th. UBS Group lowered their target price on Tronox from $19.00 to $18.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. The Goldman Sachs Group cut their price target on Tronox from $21.00 to $18.00 and set a “buy” rating for the company in a research note on Tuesday, September 3rd. Barclays lowered their price objective on Tronox from $22.00 to $19.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 6th. Finally, Mizuho started coverage on shares of Tronox in a research report on Friday, June 7th. They set a “neutral” rating and a $22.00 target price for the company. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $18.67.
Read Our Latest Stock Report on Tronox
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.
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