WINTON GROUP Ltd Invests $249,000 in Tronox Holdings plc (NYSE:TROX)

WINTON GROUP Ltd bought a new position in shares of Tronox Holdings plc (NYSE:TROXGet Rating) in the 2nd quarter, HoldingsChannel reports. The fund bought 14,826 shares of the company’s stock, valued at approximately $249,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Tronox by 3.6% during the first quarter. Vanguard Group Inc. now owns 11,688,618 shares of the company’s stock worth $231,318,000 after purchasing an additional 401,480 shares during the last quarter. BlackRock Inc. boosted its holdings in Tronox by 4.3% during the first quarter. BlackRock Inc. now owns 8,141,779 shares of the company’s stock worth $161,127,000 after purchasing an additional 336,103 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Tronox by 5.0% during the first quarter. Dimensional Fund Advisors LP now owns 6,017,938 shares of the company’s stock worth $119,098,000 after purchasing an additional 286,953 shares during the last quarter. Van ECK Associates Corp boosted its holdings in Tronox by 31.6% during the first quarter. Van ECK Associates Corp now owns 2,643,071 shares of the company’s stock worth $52,307,000 after purchasing an additional 634,666 shares during the last quarter. Finally, State Street Corp boosted its holdings in Tronox by 0.9% during the first quarter. State Street Corp now owns 2,422,143 shares of the company’s stock worth $48,236,000 after purchasing an additional 20,515 shares during the last quarter. 66.93% of the stock is owned by institutional investors.

Insider Transactions at Tronox

In related news, SVP Jeffrey N. Neuman purchased 4,000 shares of the firm’s stock in a transaction dated Friday, October 28th. The shares were purchased at an average price of $11.89 per share, with a total value of $47,560.00. Following the acquisition, the senior vice president now directly owns 193,312 shares of the company’s stock, valued at $2,298,479.68. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CFO Timothy C. Carlson purchased 5,000 shares of the firm’s stock in a transaction dated Friday, October 28th. The shares were purchased at an average price of $11.88 per share, with a total value of $59,400.00. Following the acquisition, the chief financial officer now directly owns 334,326 shares of the company’s stock, valued at $3,971,792.88. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Jeffrey N. Neuman acquired 4,000 shares of the business’s stock in a transaction dated Friday, October 28th. The stock was acquired at an average cost of $11.89 per share, with a total value of $47,560.00. Following the purchase, the senior vice president now directly owns 193,312 shares in the company, valued at approximately $2,298,479.68. The disclosure for this purchase can be found here. Insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

TROX has been the topic of a number of research analyst reports. Barclays dropped their target price on shares of Tronox from $21.00 to $16.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 27th. StockNews.com initiated coverage on shares of Tronox in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. BMO Capital Markets dropped their target price on shares of Tronox from $16.00 to $15.00 and set a “market perform” rating on the stock in a research note on Tuesday, September 27th. Credit Suisse Group initiated coverage on shares of Tronox in a research note on Tuesday, November 1st. They issued an “underperform” rating and a $10.00 target price on the stock. Finally, The Goldman Sachs Group assumed coverage on shares of Tronox in a research note on Thursday, October 13th. They issued a “buy” rating and a $16.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $18.13.

Tronox Stock Performance

Tronox stock opened at $14.00 on Monday. The firm’s 50 day simple moving average is $12.75 and its 200 day simple moving average is $15.15. The company has a current ratio of 2.35, a quick ratio of 1.00 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $2.16 billion, a PE ratio of 3.72, a price-to-earnings-growth ratio of 3.74 and a beta of 1.79. Tronox Holdings plc has a 1-year low of $11.09 and a 1-year high of $25.95.

Tronox (NYSE:TROXGet Rating) last posted its earnings results on Wednesday, October 26th. The company reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.09). The firm had revenue of $895.00 million for the quarter, compared to the consensus estimate of $953.30 million. Tronox had a return on equity of 19.19% and a net margin of 16.13%. As a group, analysts expect that Tronox Holdings plc will post 2.37 earnings per share for the current fiscal year.

Tronox Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 16th. Investors of record on Monday, November 14th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date is Thursday, November 10th. Tronox’s dividend payout ratio (DPR) is presently 13.30%.

Tronox Company Profile

(Get Rating)

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; titanium tetrachloride; and other products.

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Institutional Ownership by Quarter for Tronox (NYSE:TROX)

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