Entropy Technologies LP Invests $190,000 in Tronox Holdings plc (NYSE:TROX)

Entropy Technologies LP bought a new stake in Tronox Holdings plc (NYSE:TROX) during the third quarter, HoldingsChannel.com reports. The fund bought 12,991 shares of the company’s stock, valued at approximately $190,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Tronox during the 2nd quarter worth approximately $76,000. Headlands Technologies LLC acquired a new stake in Tronox in the 2nd quarter valued at $83,000. nVerses Capital LLC bought a new stake in Tronox during the 2nd quarter worth about $121,000. SG Americas Securities LLC acquired a new position in shares of Tronox during the 1st quarter worth about $124,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Tronox by 9.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 10,232 shares of the company’s stock valued at $178,000 after acquiring an additional 861 shares in the last quarter. Institutional investors and hedge funds own 73.36% of the company’s stock.

Tronox Price Performance

NYSE:TROX opened at $11.03 on Monday. The firm’s fifty day moving average price is $12.97 and its two-hundred day moving average price is $15.36. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.72 and a quick ratio of 0.90. The company has a market cap of $1.74 billion, a P/E ratio of -22.98 and a beta of 1.66. Tronox Holdings plc has a one year low of $10.69 and a one year high of $20.70.

Tronox (NYSE:TROX) last announced its quarterly earnings results on Thursday, October 24th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.30). The company had revenue of $804.00 million during the quarter, compared to analyst estimates of $790.63 million. Tronox had a negative net margin of 2.40% and a negative return on equity of 3.91%. The firm’s quarterly revenue was up 21.5% on a year-over-year basis. During the same quarter last year, the company posted ($0.08) EPS. Equities analysts expect that Tronox Holdings plc will post -0.04 earnings per share for the current year.

Tronox Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 11th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.50 annualized dividend and a yield of 4.53%. Tronox’s payout ratio is currently -104.16%.

Analyst Ratings Changes

A number of research firms have weighed in on TROX. UBS Group upgraded Tronox from a “neutral” rating to a “buy” rating and raised their price target for the company from $17.00 to $19.00 in a research note on Thursday, October 10th. Barclays decreased their target price on shares of Tronox from $18.00 to $16.00 and set an “overweight” rating for the company in a research note on Monday, October 28th. The Goldman Sachs Group dropped their price target on shares of Tronox from $18.00 to $16.00 and set a “buy” rating on the stock in a research report on Thursday, September 19th. BMO Capital Markets decreased their price objective on shares of Tronox from $21.00 to $17.00 and set an “outperform” rating for the company in a research report on Tuesday, October 29th. Finally, StockNews.com raised shares of Tronox from a “sell” rating to a “hold” rating in a report on Monday, August 5th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $18.00.

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.