Tronox Holdings plc (NYSE:TROX) Shares Sold by Hantz Financial Services Inc.

Hantz Financial Services Inc. lessened its stake in Tronox Holdings plc (NYSE:TROX) by 75.1% during the third quarter, HoldingsChannel.com reports. The firm owned 43,095 shares of the company’s stock after selling 130,069 shares during the period. Hantz Financial Services Inc.’s holdings in Tronox were worth $630,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Royce & Associates LP raised its stake in Tronox by 20.8% during the third quarter. Royce & Associates LP now owns 493,543 shares of the company’s stock valued at $7,221,000 after buying an additional 84,830 shares in the last quarter. Quantbot Technologies LP increased its holdings in shares of Tronox by 98.6% in the 3rd quarter. Quantbot Technologies LP now owns 174,922 shares of the company’s stock valued at $2,559,000 after acquiring an additional 86,852 shares during the last quarter. Algert Global LLC raised its position in shares of Tronox by 127.2% during the 2nd quarter. Algert Global LLC now owns 309,051 shares of the company’s stock valued at $4,849,000 after acquiring an additional 173,054 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Tronox by 54.6% during the third quarter. Victory Capital Management Inc. now owns 1,537,723 shares of the company’s stock worth $22,497,000 after purchasing an additional 543,091 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in Tronox in the second quarter worth $1,009,000. Institutional investors own 73.36% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Tronox Stock Up 0.2 %

TROX opened at $12.10 on Monday. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.72 and a quick ratio of 0.90. Tronox Holdings plc has a 12 month low of $10.69 and a 12 month high of $20.70. The stock’s 50 day moving average price is $12.93 and its 200 day moving average price is $14.88. The stock has a market cap of $1.91 billion, a P/E ratio of -25.21 and a beta of 1.66.

Tronox (NYSE:TROX) last issued its quarterly earnings data on Thursday, October 24th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.30). The company had revenue of $804.00 million for the quarter, compared to the consensus estimate of $790.63 million. Tronox had a negative net margin of 2.40% and a negative return on equity of 3.91%. Tronox’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.08) earnings per share. As a group, research analysts predict that Tronox Holdings plc will post -0.04 earnings per share for the current year.

Tronox Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, November 11th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 4.13%. The ex-dividend date of this dividend is Friday, November 8th. Tronox’s dividend payout ratio (DPR) is presently -104.17%.

Tronox Company Profile

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.