Tronox Holdings plc (NYSE:TROX) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA reduced its stake in Tronox Holdings plc (NYSE:TROX) by 6.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 704,408 shares of the company’s stock after selling 52,474 shares during the period. Massachusetts Financial Services Co. MA owned approximately 0.45% of Tronox worth $11,052,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Headlands Technologies LLC acquired a new stake in shares of Tronox in the second quarter valued at about $83,000. SG Americas Securities LLC purchased a new stake in shares of Tronox during the first quarter valued at approximately $124,000. nVerses Capital LLC acquired a new position in shares of Tronox during the second quarter worth $121,000. TFO Wealth Partners LLC boosted its stake in shares of Tronox by 260,833.3% in the fourth quarter. TFO Wealth Partners LLC now owns 7,828 shares of the company’s stock valued at $111,000 after purchasing an additional 7,825 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its holdings in Tronox by 9.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 10,232 shares of the company’s stock valued at $178,000 after purchasing an additional 861 shares in the last quarter. 73.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TROX has been the topic of a number of recent analyst reports. Barclays cut their price objective on shares of Tronox from $22.00 to $19.00 and set an “overweight” rating on the stock in a report on Tuesday, August 6th. UBS Group reduced their price target on Tronox from $19.00 to $18.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. StockNews.com upgraded Tronox from a “sell” rating to a “hold” rating in a report on Monday, August 5th. Mizuho began coverage on shares of Tronox in a research report on Friday, June 7th. They set a “neutral” rating and a $22.00 price target for the company. Finally, The Goldman Sachs Group cut their price target on shares of Tronox from $18.00 to $16.00 and set a “buy” rating on the stock in a report on Thursday. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $18.33.

Tronox Stock Performance

TROX stock opened at $12.68 on Friday. The stock’s 50 day simple moving average is $13.94 and its 200 day simple moving average is $16.37. Tronox Holdings plc has a 12-month low of $10.08 and a 12-month high of $20.70. The firm has a market cap of $2.00 billion, a P/E ratio of -5.69, a P/E/G ratio of 22.26 and a beta of 1.64. The company has a current ratio of 2.98, a quick ratio of 1.08 and a debt-to-equity ratio of 1.44.

Tronox (NYSE:TROX) last issued its earnings results on Thursday, August 1st. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.11). The business had revenue of $820.00 million for the quarter, compared to analyst estimates of $848.04 million. Tronox had a negative return on equity of 3.40% and a negative net margin of 2.14%. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period last year, the company posted $0.16 earnings per share. As a group, equities research analysts predict that Tronox Holdings plc will post 0.44 EPS for the current year.

Tronox Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Monday, August 26th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 3.94%. The ex-dividend date of this dividend is Monday, August 26th. Tronox’s dividend payout ratio (DPR) is -22.42%.

Tronox Company 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.