Y Intercept Hong Kong Ltd Cuts Stake in Tronox Holdings PLC $TROX

Y Intercept Hong Kong Ltd reduced its position in shares of Tronox Holdings PLC (NYSE:TROX) by 82.5% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,453 shares of the company’s stock after selling 87,026 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Tronox were worth $180,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Shah Capital Management grew its holdings in shares of Tronox by 650.0% during the fourth quarter. Shah Capital Management now owns 3,000,000 shares of the company’s stock valued at $12,510,000 after buying an additional 2,600,000 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. raised its holdings in Tronox by 123.0% in the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 4,347,134 shares of the company’s stock worth $18,128,000 after acquiring an additional 2,398,038 shares during the last quarter. Bank of America Corp DE raised its holdings in Tronox by 199.3% in the 3rd quarter. Bank of America Corp DE now owns 2,059,052 shares of the company’s stock worth $8,277,000 after acquiring an additional 1,371,158 shares during the last quarter. Qube Research & Technologies Ltd lifted its position in Tronox by 355.4% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,650,069 shares of the company’s stock valued at $8,366,000 after acquiring an additional 1,287,755 shares in the last quarter. Finally, Lightrock Netherlands B.V. lifted its position in Tronox by 66.8% in the 4th quarter. Lightrock Netherlands B.V. now owns 3,051,286 shares of the company’s stock valued at $12,724,000 after acquiring an additional 1,222,115 shares in the last quarter. 73.36% of the stock is owned by hedge funds and other institutional investors.

Tronox Price Performance

Shares of TROX opened at $6.08 on Thursday. The firm has a market cap of $970.70 million, a PE ratio of -2.08 and a beta of 0.80. The company has a current ratio of 2.42, a quick ratio of 0.66 and a debt-to-equity ratio of 2.36. The firm has a fifty day simple moving average of $7.37 and a two-hundred day simple moving average of $7.43. Tronox Holdings PLC has a 1-year low of $2.86 and a 1-year high of $10.59.

Tronox (NYSE:TROX) last released its quarterly earnings results on Wednesday, May 6th. The company reported ($0.55) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.07). Tronox had a negative return on equity of 19.93% and a negative net margin of 15.82%.The firm had revenue of $760.00 million during the quarter, compared to analysts’ expectations of $751.38 million. During the same quarter last year, the business earned ($0.15) earnings per share. The business’s quarterly revenue was up 3.0% on a year-over-year basis. On average, equities analysts anticipate that Tronox Holdings PLC will post -1.19 EPS for the current year.

Tronox Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 8th. Shareholders of record on Monday, May 11th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend was Monday, May 11th. Tronox’s dividend payout ratio (DPR) is presently -6.85%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Mizuho lifted their target price on Tronox from $4.50 to $5.00 and gave the stock an “underperform” rating in a report on Monday, March 23rd. Weiss Ratings downgraded Tronox from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, May 11th. Wall Street Zen cut Tronox from a “hold” rating to a “sell” rating in a research report on Saturday, June 6th. Deutsche Bank Aktiengesellschaft set a $10.00 price objective on Tronox in a report on Wednesday, May 20th. Finally, Truist Financial raised Tronox from a “sell” rating to a “hold” rating and set a $7.00 target price for the company in a research report on Thursday, June 11th. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Tronox has an average rating of “Reduce” and an average target price of $7.14.

Tronox Profile

Tronox Holdings plc is a vertically integrated global producer of titanium dioxide (TiO?) pigment and specialty materials. The company’s operations encompass the full supply chain for TiO?, from mining and processing titanium-bearing ores—such as ilmenite and rutile—to the production of high-purity pigment for use in paints, coatings, plastics, paper and other industrial applications. In addition to TiO?, Tronox’s product portfolio includes zircon, rare earth byproducts and other specialty minerals that serve a range of industrial markets.

Tronox operates a network of mines, processing facilities and pigment plants located across North America, Europe, the Middle East, Australia and South Africa.