12,435 Shares in Tronox Holdings plc (NYSE:TROX) Bought by MQS Management LLC

MQS Management LLC bought a new position in shares of Tronox Holdings plc (NYSE:TROX) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 12,435 shares of the company’s stock, valued at approximately $195,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Headlands Technologies LLC bought a new position in shares of Tronox in the 2nd quarter worth $83,000. TFO Wealth Partners LLC increased its stake in 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 acquiring an additional 7,825 shares during the last quarter. nVerses Capital LLC bought a new position in Tronox in the second quarter valued at $121,000. SG Americas Securities LLC purchased a new stake in Tronox during the first quarter valued at about $124,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in Tronox by 9.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 10,232 shares of the company’s stock worth $178,000 after purchasing an additional 861 shares during the last quarter. 73.36% of the stock is currently owned by institutional investors.

Tronox Price Performance

TROX stock opened at $12.68 on Friday. The stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of -5.69, a PEG ratio of 22.26 and a beta of 1.64. The firm’s 50-day moving average price is $13.94 and its two-hundred day moving average price is $16.37. 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 Holdings plc has a 12-month low of $10.08 and a 12-month high of $20.70.

Tronox (NYSE:TROX) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.07 earnings per share (EPS) 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 analysts’ expectations of $848.04 million. Tronox had a negative net margin of 2.14% and a negative return on equity of 3.40%. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.16 EPS. As a group, equities analysts predict that Tronox Holdings plc will post 0.44 earnings per share for the current year.

Tronox Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TROX. Barclays dropped their target price on Tronox from $22.00 to $19.00 and set an “overweight” rating for the company in a research report on Tuesday, August 6th. UBS Group cut their price objective on shares of Tronox from $19.00 to $18.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. The Goldman Sachs Group decreased their target price on shares of Tronox from $18.00 to $16.00 and set a “buy” rating on the stock in a research report on Thursday. StockNews.com upgraded shares of Tronox from a “sell” rating to a “hold” rating in a research report on Monday, August 5th. Finally, Mizuho assumed coverage on Tronox in a report on Friday, June 7th. They issued a “neutral” rating and a $22.00 price objective on the stock. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $18.33.

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.