Tronox Holdings plc (NYSE:TROX) Shares Purchased by Sherbrooke Park Advisers LLC

Sherbrooke Park Advisers LLC increased its holdings in shares of Tronox Holdings plc (NYSE:TROX) by 138.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 32,210 shares of the company’s stock after acquiring an additional 18,680 shares during the period. Sherbrooke Park Advisers LLC’s holdings in Tronox were worth $324,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TROX. Barclays PLC grew its holdings in Tronox by 320.1% in the third quarter. Barclays PLC now owns 182,629 shares of the company’s stock valued at $2,672,000 after purchasing an additional 139,161 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Tronox by 123.9% in the fourth quarter. SG Americas Securities LLC now owns 40,195 shares of the company’s stock valued at $405,000 after acquiring an additional 22,242 shares in the last quarter. Inspire Investing LLC purchased a new stake in shares of Tronox in the fourth quarter valued at $403,000. KBC Group NV lifted its position in shares of Tronox by 59.4% in the fourth quarter. KBC Group NV now owns 6,949 shares of the company’s stock valued at $70,000 after acquiring an additional 2,590 shares in the last quarter. Finally, Empowered Funds LLC lifted its position in shares of Tronox by 5.1% in the fourth quarter. Empowered Funds LLC now owns 728,282 shares of the company’s stock valued at $7,334,000 after acquiring an additional 35,495 shares in the last quarter. Institutional investors and hedge funds own 73.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TROX. Morgan Stanley reduced their price objective on Tronox from $12.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Monday, May 5th. The Goldman Sachs Group reduced their price objective on Tronox from $11.50 to $7.50 and set a “buy” rating on the stock in a research report on Tuesday, May 6th. StockNews.com downgraded Tronox from a “hold” rating to a “sell” rating in a research report on Monday, May 5th. BMO Capital Markets reiterated a “market perform” rating and set a $7.00 target price (down from $13.00) on shares of Tronox in a research report on Wednesday, May 7th. Finally, Truist Financial reduced their target price on Tronox from $14.00 to $10.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Tronox presently has an average rating of “Hold” and an average price target of $9.64.

Tronox Price Performance

TROX stock opened at $5.45 on Monday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.90 and a current ratio of 2.47. Tronox Holdings plc has a 1 year low of $4.35 and a 1 year high of $20.70. The firm has a market cap of $859.97 million, a P/E ratio of -17.56 and a beta of 1.40. The stock has a 50-day simple moving average of $5.91 and a 200-day simple moving average of $8.63.

Tronox (NYSE:TROX) last posted its earnings results on Wednesday, April 30th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.17). Tronox had a negative net margin of 1.56% and a negative return on equity of 0.63%. The company had revenue of $738.00 million during the quarter, compared to analyst estimates of $745.96 million. During the same quarter last year, the business posted ($0.05) EPS. Tronox’s quarterly revenue was down 4.7% compared to the same quarter last year. On average, equities analysts predict that Tronox Holdings plc will post 0.49 earnings per share for the current fiscal year.

Tronox Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Monday, May 19th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 9.18%. Tronox’s dividend payout ratio (DPR) is currently -52.63%.

Insider Activity

In other Tronox news, Director Stephen J. Jones acquired 30,000 shares of the stock in a transaction on Tuesday, March 18th. The stock was purchased at an average price of $7.17 per share, for a total transaction of $215,100.00. Following the purchase, the director now directly owns 30,000 shares in the company, valued at $215,100. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Jeffrey N. Neuman acquired 10,266 shares of the stock in a transaction on Wednesday, May 7th. The shares were acquired at an average price of $4.89 per share, with a total value of $50,200.74. Following the purchase, the senior vice president now owns 10,266 shares in the company, valued at $50,200.74. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.70% of the company’s stock.

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.