Tronox Holdings plc (NYSE:TROX) Shares Bought by Sei Investments Co.

Sei Investments Co. lifted its stake in Tronox Holdings plc (NYSE:TROX) by 39.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 284,353 shares of the company’s stock after buying an additional 81,078 shares during the period. Sei Investments Co. owned approximately 0.18% of Tronox worth $2,863,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Bank of Montreal Can increased its stake in Tronox by 140.1% during the 3rd quarter. Bank of Montreal Can now owns 160,929 shares of the company’s stock worth $2,333,000 after buying an additional 93,893 shares during the period. BNP Paribas Financial Markets increased its position in shares of Tronox by 31.9% during the third quarter. BNP Paribas Financial Markets now owns 86,529 shares of the company’s stock worth $1,266,000 after acquiring an additional 20,932 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Tronox by 9.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,548 shares of the company’s stock worth $399,000 after acquiring an additional 2,488 shares in the last quarter. Edgestream Partners L.P. purchased a new position in Tronox in the third quarter valued at about $212,000. Finally, Point72 Asia Singapore Pte. Ltd. grew its stake in Tronox by 34.6% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,548 shares of the company’s stock valued at $96,000 after purchasing an additional 1,683 shares in 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 several recent analyst reports. Morgan Stanley decreased their price objective on shares of Tronox from $16.00 to $12.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. UBS Group lowered their price objective on Tronox from $16.00 to $15.00 and set a “buy” rating for the company in a report on Thursday, February 13th. Truist Financial reduced their target price on Tronox from $17.00 to $14.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. The Goldman Sachs Group lowered their price target on Tronox from $13.00 to $11.50 and set a “buy” rating for the company in a report on Wednesday, February 26th. Finally, Mizuho dropped their price target on Tronox from $11.00 to $9.00 and set a “neutral” rating on the stock in a research report on Thursday, March 13th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $13.50.

Tronox Stock Down 8.7 %

TROX stock opened at $5.28 on Friday. The firm’s 50-day moving average is $8.06 and its two-hundred day moving average is $10.51. The company has a market capitalization of $833.12 million, a price-to-earnings ratio of -17.02 and a beta of 1.53. Tronox Holdings plc has a 52 week low of $5.07 and a 52 week high of $20.70. The company has a current ratio of 2.47, a quick ratio of 0.90 and a debt-to-equity ratio of 1.54.

Tronox (NYSE:TROX) last posted its quarterly earnings data 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 return on equity of 0.63% and a negative net margin of 1.56%. On average, analysts forecast that Tronox Holdings plc will post 0.49 earnings per share for the current fiscal year.

Tronox Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Monday, March 3rd were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 9.48%. The ex-dividend date was Monday, March 3rd. Tronox’s payout ratio is -161.29%.

Insider Transactions at Tronox

In other Tronox news, Director Stephen J. Jones bought 30,000 shares of the firm’s stock in a transaction dated Tuesday, March 18th. The stock was acquired at an average price of $7.17 per share, with a total value of $215,100.00. Following the completion of the transaction, the director now directly owns 30,000 shares in the company, valued at approximately $215,100. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.60% of the stock is owned by insiders.

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.