Private Capital Management LLC Acquires 7,530 Shares of Tronox Holdings plc (NYSE:TROX)

Private Capital Management LLC increased its holdings in shares of Tronox Holdings plc (NYSE:TROX) by 0.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,161,304 shares of the company’s stock after acquiring an additional 7,530 shares during the quarter. Tronox makes up about 3.4% of Private Capital Management LLC’s holdings, making the stock its 19th largest position. Private Capital Management LLC owned about 0.74% of Tronox worth $16,990,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of TROX. Bank of New York Mellon Corp increased its position in shares of Tronox by 26.5% during the 4th quarter. Bank of New York Mellon Corp now owns 2,630,144 shares of the company’s stock valued at $26,486,000 after purchasing an additional 551,645 shares during the last quarter. Van ECK Associates Corp increased its holdings in Tronox by 7.2% during the fourth quarter. Van ECK Associates Corp now owns 1,142,856 shares of the company’s stock worth $11,508,000 after buying an additional 77,146 shares during the last quarter. Lightrock Netherlands B.V. bought a new stake in Tronox in the fourth quarter worth about $9,183,000. Equitable Trust Co. boosted its stake in Tronox by 31.7% in the fourth quarter. Equitable Trust Co. now owns 46,790 shares of the company’s stock valued at $471,000 after acquiring an additional 11,275 shares during the last quarter. Finally, Empowered Funds LLC boosted its stake in 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 during the last quarter. Hedge funds and other institutional investors own 73.36% of the company’s stock.

Tronox Trading Down 2.2 %

NYSE:TROX opened at $7.78 on Friday. Tronox Holdings plc has a 1 year low of $7.72 and a 1 year high of $20.70. The stock’s fifty day moving average price is $9.53 and its two-hundred day moving average price is $11.62. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.47 and a quick ratio of 0.90. The company has a market cap of $1.23 billion, a P/E ratio of -25.08 and a beta of 1.60.

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

Tronox Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Monday, March 3rd will be given a $0.125 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 6.43%. Tronox’s dividend payout ratio (DPR) is currently -161.29%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on TROX shares. UBS Group decreased their price target on shares of Tronox from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. Morgan Stanley decreased their target price on Tronox from $16.00 to $12.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Truist Financial dropped their price target on Tronox from $17.00 to $14.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. Finally, The Goldman Sachs Group cut their price target on Tronox from $13.00 to $11.50 and set a “buy” rating for the company in a research note on Wednesday. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Tronox presently has an average rating of “Moderate Buy” and an average target price of $15.36.

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.