Inceptionr LLC Invests $411,000 in Tronox Holdings plc (NYSE:TROX)

Inceptionr LLC purchased a new position in shares of Tronox Holdings plc (NYSE:TROX) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 40,833 shares of the company’s stock, valued at approximately $411,000.

A number of other large investors have also modified their holdings of TROX. Entropy Technologies LP purchased a new stake in shares of Tronox during the third quarter worth about $190,000. Aigen Investment Management LP purchased a new stake in shares of Tronox during the third quarter worth about $363,000. Victory Capital Management Inc. grew its stake in shares of 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 acquiring an additional 543,091 shares during the last quarter. Royce & Associates LP grew its stake in shares of Tronox by 20.8% during the third quarter. Royce & Associates LP now owns 493,543 shares of the company’s stock worth $7,221,000 after acquiring an additional 84,830 shares during the last quarter. Finally, Empowered Funds LLC grew its stake in shares of Tronox by 5.4% during the third quarter. Empowered Funds LLC now owns 692,787 shares of the company’s stock worth $10,135,000 after acquiring an additional 35,342 shares during the last quarter. Hedge funds and other institutional investors own 73.36% of the company’s stock.

Tronox Trading Up 4.2 %

Tronox stock opened at $7.63 on Friday. The company has a current ratio of 2.47, a quick ratio of 0.90 and a debt-to-equity ratio of 1.54. Tronox Holdings plc has a 12 month low of $6.64 and a 12 month high of $20.70. The stock’s 50 day simple moving average is $9.17 and its two-hundred day simple moving average is $11.34. The firm has a market cap of $1.21 billion, a PE ratio of -24.61 and a beta of 1.64.

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

Tronox Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders 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 annualized dividend and a yield of 6.55%. Tronox’s dividend payout ratio is presently -161.29%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on TROX. 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 note on Tuesday, February 18th. UBS Group dropped their target price on Tronox from $16.00 to $15.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Morgan Stanley dropped their target price on Tronox from $16.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Finally, The Goldman Sachs Group dropped their target price on Tronox from $13.00 to $11.50 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $15.36.

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.