215,100 Shares in Tronox Holdings PLC $TROX Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC acquired a new position in shares of Tronox Holdings PLC (NYSE:TROX) during the 1st quarter, Holdings Channel.com reports. The firm acquired 215,100 shares of the company’s stock, valued at approximately $2,102,000.

A number of other institutional investors and hedge funds have also bought and sold shares of TROX. Headlands Technologies LLC purchased a new stake in shares of Tronox in the 2nd quarter worth $38,000. PNC Financial Services Group Inc. increased its stake in shares of Tronox by 292.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 8,715 shares of the company’s stock valued at $36,000 after buying an additional 6,493 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in shares of Tronox during the third quarter valued at $37,000. Aigen Investment Management LP bought a new stake in shares of Tronox in the fourth quarter valued at about $43,000. Finally, Ballentine Partners LLC bought a new stake in shares of Tronox in the fourth quarter valued at about $47,000. 73.36% of the stock is owned by institutional investors.

Tronox Trading Down 4.8%

NYSE TROX opened at $6.20 on Tuesday. Tronox Holdings PLC has a 52 week low of $2.86 and a 52 week high of $10.59. The company has a 50 day moving average price of $6.65 and a 200 day moving average price of $7.57. The company has a quick ratio of 0.81, a current ratio of 2.55 and a debt-to-equity ratio of 2.62. The firm has a market cap of $989.02 million, a PE ratio of -1.79 and a beta of 0.82.

Tronox (NYSE:TROX) last released its quarterly earnings results on Wednesday, August 5th. The company reported ($0.51) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.38) by ($0.13). The firm had revenue of $868.00 million during the quarter, compared to analysts’ expectations of $832.59 million. Tronox had a negative return on equity of 24.34% and a negative net margin of 17.96%.Tronox’s revenue for the quarter was up 18.7% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.28) earnings per share. As a group, sell-side analysts forecast that Tronox Holdings PLC will post -1.27 EPS for the current fiscal year.

Tronox Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Monday, August 10th will be paid a $0.05 dividend. The ex-dividend date is Monday, August 10th. This represents a $0.20 dividend on an annualized basis and a yield of 3.2%. Tronox’s dividend payout ratio (DPR) is -5.78%.

Analyst Ratings Changes

TROX has been the topic of several recent research reports. Wall Street Zen cut shares of Tronox from a “hold” rating to a “sell” rating in a report on Saturday, June 6th. Deutsche Bank Aktiengesellschaft set a $10.00 price target on shares of Tronox in a research report on Wednesday, May 20th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Tronox in a research note on Friday. The Goldman Sachs Group cut their price objective on shares of Tronox from $9.00 to $6.50 and set a “sell” rating on the stock in a report on Wednesday, July 22nd. Finally, Truist Financial raised shares of Tronox from a “sell” rating to a “hold” rating and set a $7.00 price objective for the company in a research note on Thursday, June 11th. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $7.25.

Tronox Profile

Tronox Holdings plc is a vertically integrated global producer of titanium dioxide (TiO₂) pigment and specialty materials. The company’s operations encompass the full supply chain for TiO₂, 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 TiO₂, 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.