Quantbot Technologies LP Has $2.56 Million Position in Tronox Holdings plc (NYSE:TROX)

Quantbot Technologies LP grew its position in Tronox Holdings plc (NYSE:TROX) by 98.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 174,922 shares of the company’s stock after purchasing an additional 86,852 shares during the period. Quantbot Technologies LP’s holdings in Tronox were worth $2,559,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its holdings in Tronox by 4.2% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 25,065 shares of the company’s stock worth $393,000 after acquiring an additional 1,014 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in Tronox by 5.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 45,701 shares of the company’s stock worth $717,000 after acquiring an additional 2,180 shares during the last quarter. nVerses Capital LLC boosted its position in Tronox by 35.1% during the 3rd quarter. nVerses Capital LLC now owns 10,400 shares of the company’s stock worth $152,000 after acquiring an additional 2,700 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Tronox by 4.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 89,212 shares of the company’s stock worth $1,548,000 after acquiring an additional 4,204 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Tronox during the 2nd quarter worth approximately $76,000. 73.36% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on TROX shares. UBS Group upgraded Tronox from a “neutral” rating to a “buy” rating and raised their price objective for the company from $17.00 to $19.00 in a report on Thursday, October 10th. Barclays lowered their target price on shares of Tronox from $18.00 to $16.00 and set an “overweight” rating on the stock in a report on Monday, October 28th. StockNews.com upgraded shares of Tronox from a “sell” rating to a “hold” rating in a report on Monday, August 5th. The Goldman Sachs Group lowered their target price on shares of Tronox from $18.00 to $16.00 and set a “buy” rating on the stock in a report on Thursday, September 19th. Finally, BMO Capital Markets lowered their target price on shares of Tronox from $21.00 to $17.00 and set an “outperform” rating on the stock in a report on Tuesday, October 29th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Tronox presently has an average rating of “Moderate Buy” and an average target price of $18.00.

Tronox Stock Performance

NYSE TROX opened at $12.06 on Thursday. The firm has a 50-day moving average of $12.96 and a 200-day moving average of $15.01. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.90 and a current ratio of 2.72. The stock has a market cap of $1.90 billion, a PE ratio of -25.38 and a beta of 1.66. Tronox Holdings plc has a 52-week low of $10.69 and a 52-week high of $20.70.

Tronox (NYSE:TROX) last posted its earnings results on Thursday, October 24th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.30). The company had revenue of $804.00 million for the quarter, compared to analyst estimates of $790.63 million. Tronox had a negative return on equity of 3.91% and a negative net margin of 2.40%. The business’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.08) EPS. On average, sell-side analysts anticipate that Tronox Holdings plc will post -0.04 EPS for the current year.

Tronox Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 11th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.50 annualized dividend and a yield of 4.15%. Tronox’s dividend payout ratio (DPR) is presently -104.17%.

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.