Tronox Holdings plc (NYSE:TROX) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its stake in shares of Tronox Holdings plc (NYSE:TROX) by 15.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,394,143 shares of the company’s stock after selling 256,568 shares during the quarter. Victory Capital Management Inc. owned about 0.89% of Tronox worth $19,741,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in TROX. Arizona State Retirement System increased its holdings in shares of Tronox by 2.8% in the 3rd quarter. Arizona State Retirement System now owns 33,469 shares of the company’s stock worth $450,000 after acquiring an additional 923 shares during the period. Natixis Advisors L.P. grew its holdings in Tronox by 4.9% in the 3rd quarter. Natixis Advisors L.P. now owns 20,471 shares of the company’s stock worth $275,000 after buying an additional 959 shares in the last quarter. Millburn Ridgefield Corp acquired a new stake in Tronox in the 3rd quarter valued at approximately $25,000. Catalyst Capital Advisors LLC bought a new stake in Tronox during the 3rd quarter valued at $25,000. Finally, Harbor Capital Advisors Inc. boosted its position in Tronox by 3.6% during the 4th quarter. Harbor Capital Advisors Inc. now owns 54,380 shares of the company’s stock worth $770,000 after acquiring an additional 1,887 shares during the period. 73.36% of the stock is owned by institutional investors and hedge funds.

Tronox Trading Down 0.1 %

NYSE TROX opened at $19.18 on Friday. The firm’s 50 day moving average price is $16.94 and its two-hundred day moving average price is $14.40. The stock has a market cap of $3.01 billion, a price-to-earnings ratio of -8.60, a PEG ratio of 25.36 and a beta of 1.91. Tronox Holdings plc has a twelve month low of $10.08 and a twelve month high of $19.75. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.09 and a current ratio of 3.12.

Tronox (NYSE:TROX) last posted its quarterly earnings results on Wednesday, May 1st. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.06). Tronox had a negative net margin of 11.93% and a negative return on equity of 2.74%. The business had revenue of $774.00 million for the quarter, compared to analyst estimates of $753.98 million. During the same period in the previous year, the firm posted $0.15 earnings per share. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. Equities analysts anticipate that Tronox Holdings plc will post 0.6 EPS for the current year.

Tronox Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Monday, May 20th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.61%. The ex-dividend date of this dividend is Friday, May 17th. Tronox’s dividend payout ratio is currently -22.42%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TROX. StockNews.com cut shares of Tronox from a “hold” rating to a “sell” rating in a research note on Saturday, May 4th. UBS Group upped their price target on shares of Tronox from $13.00 to $14.00 and gave the stock a “neutral” rating in a research note on Thursday, January 11th. The Goldman Sachs Group raised their target price on Tronox from $17.00 to $22.00 and gave the company a “buy” rating in a research note on Monday. Finally, BMO Capital Markets lifted their price target on shares of Tronox from $19.00 to $24.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Tronox presently has an average rating of “Hold” and an average target price of $16.29.

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.