AXQ Capital LP Invests $160,000 in Tronox Holdings plc (NYSE:TROX)

AXQ Capital LP bought a new stake in Tronox Holdings plc (NYSE:TROX) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 15,898 shares of the company’s stock, valued at approximately $160,000.

Several other large investors also recently bought and sold shares of the business. Quantbot Technologies LP raised its position in Tronox by 98.6% during the third quarter. Quantbot Technologies LP now owns 174,922 shares of the company’s stock valued at $2,559,000 after purchasing an additional 86,852 shares during the period. Geode Capital Management LLC increased its position in shares of Tronox by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,713,606 shares of the company’s stock valued at $39,708,000 after purchasing an additional 22,165 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in 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 buying an additional 551,645 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in Tronox by 18.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 831,254 shares of the company’s stock worth $12,161,000 after buying an additional 126,846 shares during the period. Finally, Atom Investors LP boosted its stake in Tronox by 72.9% during the third quarter. Atom Investors LP now owns 125,790 shares of the company’s stock worth $1,840,000 after buying an additional 53,034 shares during the period. Institutional investors own 73.36% of the company’s stock.

Tronox Trading Up 1.7 %

TROX opened at $7.37 on Tuesday. Tronox Holdings plc has a 52 week low of $6.64 and a 52 week high of $20.70. The company has a market capitalization of $1.16 billion, a P/E ratio of -23.76 and a beta of 1.64. The stock’s fifty day moving average is $8.65 and its two-hundred day moving average is $10.82. The company has a quick ratio of 0.90, a current ratio of 2.47 and a debt-to-equity ratio of 1.54.

Tronox (NYSE:TROX) last posted its earnings results on Wednesday, February 12th. The company reported $0.03 earnings per share 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%. Analysts forecast that Tronox Holdings plc will post 0.49 earnings per share for the current year.

Tronox Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Monday, March 3rd will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 6.79%. The ex-dividend date is Monday, March 3rd. Tronox’s dividend payout ratio is currently -161.29%.

Insider Transactions at Tronox

In other Tronox news, Director Stephen J. Jones acquired 30,000 shares of the stock in a transaction dated Tuesday, March 18th. The stock was purchased at an average price of $7.17 per share, with a total value of $215,100.00. Following the transaction, the director now directly owns 30,000 shares of the company’s stock, valued at $215,100. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.60% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Truist Financial lowered their target price on shares of Tronox from $17.00 to $14.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. UBS Group dropped their target price on Tronox from $16.00 to $15.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. The Goldman Sachs Group reduced their price target on Tronox from $13.00 to $11.50 and set a “buy” rating on the stock in a report on Wednesday, February 26th. Mizuho dropped their price objective on Tronox from $11.00 to $9.00 and set a “neutral” rating for the company in a report on Thursday, March 13th. Finally, Morgan Stanley reduced their target price on Tronox from $16.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $13.50.

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.