Private Capital Management LLC Acquires 7,530 Shares of Tronox Holdings plc (NYSE:TROX)

Private Capital Management LLC boosted its holdings in Tronox Holdings plc (NYSE:TROX) by 0.7% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,161,304 shares of the company’s stock after acquiring an additional 7,530 shares during the quarter. Tronox accounts for about 3.4% of Private Capital Management LLC’s investment portfolio, making the stock its 19th largest position. Private Capital Management LLC’s holdings in Tronox were worth $16,990,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Public Employees Retirement System of Ohio bought a new position in shares of Tronox in the third quarter worth approximately $66,000. KBC Group NV grew its stake in Tronox by 59.4% in the 4th quarter. KBC Group NV now owns 6,949 shares of the company’s stock worth $70,000 after buying an additional 2,590 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. increased its holdings in shares of Tronox by 34.6% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,548 shares of the company’s stock worth $96,000 after buying an additional 1,683 shares during the last quarter. Entropy Technologies LP purchased a new stake in shares of Tronox during the 3rd quarter valued at $190,000. Finally, Edgestream Partners L.P. purchased a new stake in shares of Tronox during the 3rd quarter valued at $212,000. Hedge funds and other institutional investors own 73.36% of the company’s stock.

Wall Street Analysts Forecast Growth

TROX has been the topic of a number of research analyst reports. Morgan Stanley reduced their target price on Tronox from $16.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. UBS Group cut 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 decreased their price objective on Tronox from $17.00 to $14.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Finally, The Goldman Sachs Group cut their target price on Tronox from $13.00 to $11.50 and set a “buy” rating for the company in a research note on Wednesday. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $15.36.

Tronox Stock Down 2.2 %

TROX opened at $7.78 on Friday. Tronox Holdings plc has a 12 month low of $7.72 and a 12 month 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. The business’s 50-day moving average price is $9.53 and its 200-day moving average price is $11.62. The company has a market cap of $1.23 billion, a P/E ratio of -25.08 and a beta of 1.60.

Tronox (NYSE:TROX) last announced its quarterly earnings results 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, equities analysts expect that Tronox Holdings plc will post 0.49 EPS for the current year.

Tronox Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Monday, March 3rd will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.50 dividend on an annualized basis and a yield of 6.43%. Tronox’s dividend payout ratio is currently -161.29%.

Tronox 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.