Lightrock Netherlands B.V. Makes New Investment in Tronox Holdings plc (NYSE:TROX)

Lightrock Netherlands B.V. acquired a new stake in shares of Tronox Holdings plc (NYSE:TROX) during the fourth quarter, HoldingsChannel reports. The firm acquired 907,434 shares of the company’s stock, valued at approximately $9,183,000. Tronox accounts for 3.2% of Lightrock Netherlands B.V.’s holdings, making the stock its 11th largest holding.

A number of other large investors have also modified their holdings of TROX. The Manufacturers Life Insurance Company increased its stake in Tronox by 5.0% in the second quarter. The Manufacturers Life Insurance Company now owns 45,701 shares of the company’s stock valued at $717,000 after acquiring an additional 2,180 shares during the period. SG Americas Securities LLC bought a new stake in shares of Tronox in the 3rd quarter valued at approximately $263,000. nVerses Capital LLC grew its stake in shares of Tronox by 35.1% in the 3rd quarter. nVerses Capital LLC now owns 10,400 shares of the company’s stock valued at $152,000 after purchasing an additional 2,700 shares during the period. Jade Capital Advisors LLC raised its holdings in shares of Tronox by 149.8% in the 3rd quarter. Jade Capital Advisors LLC now owns 141,744 shares of the company’s stock worth $2,074,000 after buying an additional 85,000 shares in the last quarter. Finally, Mount Yale Investment Advisors LLC bought a new position in shares of Tronox during the 3rd quarter worth approximately $283,000. 73.36% of the stock is currently owned by institutional investors and hedge funds.

Tronox Stock Performance

TROX opened at $9.75 on Tuesday. Tronox Holdings plc has a 1-year low of $8.73 and a 1-year high of $20.70. 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 firm has a 50-day moving average price of $10.26 and a two-hundred day moving average price of $12.14.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on TROX. BMO Capital Markets dropped their price objective on Tronox from $21.00 to $17.00 and set an “outperform” rating for the company in a research note on Tuesday, October 29th. Truist Financial started coverage on shares of Tronox in a research report on Tuesday, January 28th. They set a “buy” rating and a $17.00 target price for the company. Barclays cut their price target on shares of Tronox from $18.00 to $16.00 and set an “overweight” rating for the company in a report on Monday, October 28th. Morgan Stanley decreased their price objective on shares of Tronox from $16.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Finally, The Goldman Sachs Group cut their target price on shares of Tronox from $15.00 to $13.00 and set a “buy” rating for the company in a research note on Tuesday, January 7th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $16.57.

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.