ClearAlpha Technologies LP Invests $252,000 in Tronox Holdings plc (NYSE:TROX)

ClearAlpha Technologies LP purchased a new stake in Tronox Holdings plc (NYSE:TROX) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 17,242 shares of the company’s stock, valued at approximately $252,000.

Several other institutional investors and hedge funds have also bought and sold shares of TROX. Wealth Enhancement Advisory Services LLC raised its position in shares of Tronox by 4.2% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 25,065 shares of the company’s stock valued at $393,000 after buying an additional 1,014 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. raised its position in Tronox by 34.6% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,548 shares of the company’s stock valued at $96,000 after purchasing an additional 1,683 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in Tronox by 5.0% during the second quarter. The Manufacturers Life Insurance Company now owns 45,701 shares of the company’s stock worth $717,000 after purchasing an additional 2,180 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Tronox by 9.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,548 shares of the company’s stock valued at $399,000 after purchasing an additional 2,488 shares in the last quarter. Finally, nVerses Capital LLC increased its stake in shares of Tronox by 35.1% in the 3rd quarter. nVerses Capital LLC now owns 10,400 shares of the company’s stock valued at $152,000 after purchasing an additional 2,700 shares during the last quarter. Institutional investors own 73.36% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Tronox Price Performance

Shares of TROX opened at $12.07 on Tuesday. The stock’s 50-day moving average price is $12.93 and its two-hundred day moving average price is $14.85. The company has a quick ratio of 0.90, a current ratio of 2.72 and a debt-to-equity ratio of 1.42. Tronox Holdings plc has a 12 month low of $10.69 and a 12 month high of $20.70.

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

Tronox Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, November 11th will be issued a dividend of $0.125 per share. The ex-dividend date is Friday, November 8th. This represents a $0.50 dividend on an annualized basis and a yield of 4.14%. Tronox’s payout ratio is currently -104.16%.

Tronox 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.