Tronox Holdings plc (NYSE:TROX) Shares Sold by Rhumbline Advisers

Rhumbline Advisers lessened its stake in shares of Tronox Holdings plc (NYSE:TROX) by 2.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 192,143 shares of the company’s stock after selling 5,564 shares during the quarter. Rhumbline Advisers owned about 0.12% of Tronox worth $1,935,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Public Employees Retirement System of Ohio acquired a new stake in shares of Tronox during the third quarter valued at $66,000. KBC Group NV boosted its stake in shares of Tronox by 59.4% during the 4th quarter. KBC Group NV now owns 6,949 shares of the company’s stock worth $70,000 after purchasing an additional 2,590 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. grew its holdings in shares of Tronox by 34.6% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,548 shares of the company’s stock worth $96,000 after buying an additional 1,683 shares in the last quarter. Entropy Technologies LP acquired a new position in shares of Tronox in the third quarter valued at approximately $190,000. Finally, Edgestream Partners L.P. purchased a new position in shares of Tronox during the third quarter valued at approximately $212,000. Hedge funds and other institutional investors own 73.36% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. UBS Group lowered their target price on shares of Tronox from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. Truist Financial decreased their price target on Tronox from $17.00 to $14.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Morgan Stanley dropped their price objective on shares of Tronox from $16.00 to $12.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Finally, The Goldman Sachs Group cut their price objective on shares of Tronox from $13.00 to $11.50 and set a “buy” rating on the stock in a report on Wednesday, February 26th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.36.

Tronox Trading Down 9.4 %

NYSE TROX opened at $7.03 on Tuesday. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of -22.68 and a beta of 1.60. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.90 and a current ratio of 2.47. Tronox Holdings plc has a one year low of $6.97 and a one year high of $20.70. The company’s 50 day moving average price is $9.48 and its 200 day moving average price is $11.55.

Tronox (NYSE:TROX) last issued its earnings results on Wednesday, February 12th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). Tronox had a negative net margin of 1.56% and a negative return on equity of 0.63%. On average, sell-side analysts predict that Tronox Holdings plc will post 0.49 EPS for the current year.

Tronox Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.125 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 7.11%. Tronox’s dividend payout ratio is currently -161.29%.

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.