LSV Asset Management Reduces Holdings in Tronox Holdings plc (NYSE:TROX)

LSV Asset Management decreased its holdings in Tronox Holdings plc (NYSE:TROXFree Report) by 13.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,509,570 shares of the company’s stock after selling 232,800 shares during the quarter. LSV Asset Management owned approximately 0.96% of Tronox worth $20,289,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in TROX. Vanguard Group Inc. raised its stake in Tronox by 3.6% during the third quarter. Vanguard Group Inc. now owns 12,745,458 shares of the company’s stock worth $156,132,000 after acquiring an additional 440,005 shares during the period. BlackRock Inc. grew its holdings in Tronox by 2.0% during the second quarter. BlackRock Inc. now owns 8,193,509 shares of the company’s stock worth $104,140,000 after acquiring an additional 157,500 shares during the period. Thrivent Financial for Lutherans grew its holdings in shares of Tronox by 731.4% in the 2nd quarter. Thrivent Financial for Lutherans now owns 5,148,787 shares of the company’s stock worth $65,441,000 after acquiring an additional 4,529,481 shares during the last quarter. State Street Corp increased its position in shares of Tronox by 6.0% in the first quarter. State Street Corp now owns 2,624,628 shares of the company’s stock worth $38,058,000 after acquiring an additional 147,785 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its position in Tronox by 37.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 2,364,549 shares of the company’s stock worth $30,053,000 after acquiring an additional 644,271 shares during the period. 70.22% of the stock is owned by institutional investors and hedge funds.

Tronox Stock Performance

Shares of Tronox stock traded down $0.16 during trading on Friday, hitting $14.23. 1,209,970 shares of the stock were exchanged, compared to its average volume of 1,352,026. The company has a fifty day moving average price of $13.25 and a 200-day moving average price of $12.89. The company has a current ratio of 3.32, a quick ratio of 1.10 and a debt-to-equity ratio of 1.37. The stock has a market capitalization of $2.23 billion, a price-to-earnings ratio of -8.13, a price-to-earnings-growth ratio of 12.76 and a beta of 1.95. Tronox Holdings plc has a 1-year low of $10.08 and a 1-year high of $17.61.

Tronox (NYSE:TROXGet Free Report) last released its earnings results on Wednesday, October 25th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.13). The company had revenue of $662.00 million for the quarter, compared to analyst estimates of $712.30 million. Tronox had a positive return on equity of 0.40% and a negative net margin of 9.78%. As a group, equities analysts predict that Tronox Holdings plc will post 0.18 EPS for the current fiscal year.

Tronox Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Monday, November 13th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 3.51%. The ex-dividend date was Friday, November 10th. Tronox’s payout ratio is presently -28.57%.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Barclays lowered their target price on Tronox from $15.00 to $14.00 and set an “overweight” rating on the stock in a research note on Monday, October 30th. BMO Capital Markets upgraded Tronox from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $11.00 to $18.00 in a research note on Monday, December 18th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $11.00 target price (down previously from $16.00) on shares of Tronox in a research report on Friday, October 27th. UBS Group upped their price objective on shares of Tronox from $13.00 to $14.00 and gave the stock a “neutral” rating in a report on Thursday, January 11th. Finally, StockNews.com assumed coverage on shares of Tronox in a report on Thursday, October 5th. They set a “sell” rating for the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, Tronox presently has a consensus rating of “Hold” and an average target price of $14.71.

Get Our Latest Stock Report on TROX

Tronox Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Tronox (NYSE:TROX)

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