Vise Technologies Inc. Invests $100,000 in Tronox Holdings PLC $TROX

Vise Technologies Inc. bought a new stake in Tronox Holdings PLC (NYSE:TROX) in the 2nd quarter, Holdings Channel.com reports. The firm bought 19,675 shares of the company’s stock, valued at approximately $100,000.

A number of other hedge funds have also recently added to or reduced their stakes in TROX. Public Employees Retirement System of Ohio lifted its stake in Tronox by 48.9% in the second quarter. Public Employees Retirement System of Ohio now owns 9,844 shares of the company’s stock valued at $50,000 after buying an additional 3,231 shares during the last quarter. Amplius Wealth Advisors LLC purchased a new position in shares of Tronox during the second quarter worth approximately $64,000. Focus Partners Advisor Solutions LLC acquired a new position in shares of Tronox in the 2nd quarter valued at $64,000. Ground Swell Capital LLC purchased a new stake in Tronox in the 2nd quarter valued at $70,000. Finally, CWM LLC boosted its stake in Tronox by 1,186.7% during the 1st quarter. CWM LLC now owns 10,731 shares of the company’s stock worth $76,000 after purchasing an additional 9,897 shares during the period. Hedge funds and other institutional investors own 73.36% of the company’s stock.

Analyst Upgrades and Downgrades

TROX has been the topic of a number of recent research reports. Weiss Ratings restated a “sell (d)” rating on shares of Tronox in a research note on Wednesday, October 8th. UBS Group lowered their price target on Tronox from $3.90 to $3.80 and set a “neutral” rating on the stock in a report on Tuesday, November 11th. Morgan Stanley reduced their price objective on Tronox from $8.00 to $4.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 6th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Tronox in a research report on Friday, October 3rd. Finally, Mizuho dropped their target price on Tronox from $3.50 to $3.00 and set an “underperform” rating on the stock in a report on Thursday, November 6th. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $4.92.

Tronox Trading Down 1.4%

NYSE TROX opened at $3.08 on Wednesday. The company has a quick ratio of 0.52, a current ratio of 2.10 and a debt-to-equity ratio of 1.64. The stock has a market capitalization of $487.86 million, a P/E ratio of -1.95 and a beta of 1.37. Tronox Holdings PLC has a 52-week low of $2.86 and a 52-week high of $12.72. The firm has a 50-day moving average price of $3.90 and a 200 day moving average price of $4.58.

Tronox (NYSE:TROX) last released its earnings results on Thursday, November 6th. The company reported ($0.46) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.25). The business had revenue of $699.00 million for the quarter, compared to analyst estimates of $776.21 million. Tronox had a negative return on equity of 4.83% and a negative net margin of 8.48%.The business’s revenue for the quarter was down 13.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.13) EPS. Equities research analysts expect that Tronox Holdings PLC will post 0.49 EPS for the current year.

Tronox Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Monday, November 10th will be given a $0.05 dividend. The ex-dividend date is Monday, November 10th. This represents a $0.20 annualized dividend and a yield of 6.5%. Tronox’s dividend payout ratio is presently -9.76%.

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.