Oxford Asset Management LLP Buys New Position in Tronox Holdings plc (NYSE:TROX)

Oxford Asset Management LLP bought a new stake in shares of Tronox Holdings plc (NYSE:TROX) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 14,150 shares of the company’s stock, valued at approximately $142,000.

Several other large investors also recently added to or reduced their stakes in the business. Stifel Financial Corp grew its position in Tronox by 1.9% during the fourth quarter. Stifel Financial Corp now owns 101,264 shares of the company’s stock valued at $1,020,000 after buying an additional 1,891 shares during the period. KBC Group NV grew its position in Tronox by 59.4% during the fourth quarter. KBC Group NV now owns 6,949 shares of the company’s stock valued at $70,000 after buying an additional 2,590 shares during the period. Sterling Capital Management LLC lifted its holdings in Tronox by 832.6% during the fourth quarter. Sterling Capital Management LLC now owns 3,805 shares of the company’s stock valued at $38,000 after purchasing an additional 3,397 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in shares of Tronox by 8.2% in the fourth quarter. Harbor Capital Advisors Inc. now owns 69,726 shares of the company’s stock worth $702,000 after purchasing an additional 5,309 shares during the period. Finally, Private Capital Management LLC increased its stake in shares of Tronox by 0.7% in the third quarter. Private Capital Management LLC now owns 1,161,304 shares of the company’s stock worth $16,990,000 after purchasing an additional 7,530 shares in the last quarter. 73.36% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Tronox

In other news, Director Stephen J. Jones purchased 30,000 shares of the company’s stock in a transaction dated Tuesday, March 18th. The shares were acquired at an average price of $7.17 per share, with a total value of $215,100.00. Following the transaction, the director now owns 30,000 shares of the company’s stock, valued at $215,100. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.70% of the stock is currently owned by corporate insiders.

Tronox Stock Performance

NYSE TROX opened at $5.59 on Tuesday. The company has a market cap of $882.87 million, a P/E ratio of -18.03 and a beta of 1.53. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.90 and a current ratio of 2.47. The business’s 50 day moving average price is $6.51 and its 200-day moving average price is $9.41. Tronox Holdings plc has a fifty-two week low of $4.35 and a fifty-two week high of $20.70.

Tronox (NYSE:TROX) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.03). Tronox had a negative net margin of 1.56% and a negative return on equity of 0.63%. Sell-side analysts predict that Tronox Holdings plc will post 0.49 earnings per share for the current year.

Tronox Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Monday, March 3rd were given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 8.94%. The ex-dividend date was Monday, March 3rd. Tronox’s dividend payout ratio (DPR) is presently -161.29%.

Analysts Set New Price Targets

TROX has been the subject of several recent analyst reports. Mizuho dropped their target price on shares of Tronox from $11.00 to $9.00 and set a “neutral” rating for the company in a report on Thursday, March 13th. UBS Group decreased their price target on Tronox from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. The Goldman Sachs Group decreased their price target on Tronox from $13.00 to $11.50 and set a “buy” rating on the stock in a report on Wednesday, February 26th. Truist Financial decreased their price target on Tronox from $14.00 to $10.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Finally, Morgan Stanley decreased their price target on Tronox from $16.00 to $12.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $12.93.

About Tronox

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.