Royce & Associates LP Grows Position in Tronox Holdings plc (NYSE:TROX)

Royce & Associates LP grew its stake in shares of Tronox Holdings plc (NYSE:TROX) by 20.8% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 493,543 shares of the company’s stock after acquiring an additional 84,830 shares during the period. Royce & Associates LP’s holdings in Tronox were worth $7,221,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Capital International Investors increased its position in shares of Tronox by 2.7% during the first quarter. Capital International Investors now owns 4,757,130 shares of the company’s stock valued at $82,536,000 after buying an additional 126,926 shares during the period. Driehaus Capital Management LLC increased its position in shares of Tronox by 109.3% during the second quarter. Driehaus Capital Management LLC now owns 2,646,916 shares of the company’s stock valued at $41,530,000 after buying an additional 1,381,975 shares during the period. Van Lanschot Kempen Investment Management N.V. increased its position in shares of Tronox by 2.9% during the second quarter. Van Lanschot Kempen Investment Management N.V. now owns 2,426,486 shares of the company’s stock valued at $38,072,000 after buying an additional 68,155 shares during the period. Victory Capital Management Inc. increased its position in shares of Tronox by 54.6% in 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, Primecap Management Co. CA increased its position in shares of Tronox by 0.8% in the second quarter. Primecap Management Co. CA now owns 1,311,700 shares of the company’s stock worth $20,581,000 after purchasing an additional 10,000 shares during the last quarter. 73.36% of the stock is currently owned by institutional investors.

Tronox Stock Up 1.4 %

Shares of NYSE TROX opened at $11.03 on Monday. Tronox Holdings plc has a one year low of $10.69 and a one year high of $20.70. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.72 and a quick ratio of 0.90. The firm’s 50 day simple moving average is $12.97 and its two-hundred day simple moving average is $15.36. The stock has a market capitalization of $1.74 billion, a P/E ratio of -22.98 and a beta of 1.66.

Tronox (NYSE:TROX) last released 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 analysts’ expectations of $790.63 million. Tronox had a negative net margin of 2.40% and a negative return on equity of 3.91%. The business’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same period last year, the company posted ($0.08) EPS. As a group, analysts expect that Tronox Holdings plc will post -0.04 EPS for the current fiscal year.

Tronox Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 11th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 4.53%. The ex-dividend date is Friday, November 8th. Tronox’s payout ratio is -104.16%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. StockNews.com upgraded shares of Tronox from a “sell” rating to a “hold” rating in a research report on Monday, August 5th. Barclays decreased their price objective on shares of Tronox from $18.00 to $16.00 and set an “overweight” rating on the stock in a research report on Monday, October 28th. The Goldman Sachs Group decreased their price objective on shares of Tronox from $18.00 to $16.00 and set a “buy” rating on the stock in a research report on Thursday, September 19th. UBS Group upgraded shares of Tronox from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $17.00 to $19.00 in a research report on Thursday, October 10th. Finally, 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. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $18.00.

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.