Credit Suisse AG Buys 7,259 Shares of Tronox Holdings plc (NYSE:TROX)

Credit Suisse AG grew its holdings in shares of Tronox Holdings plc (NYSE:TROX – Get Rating) by 7.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 107,575 shares of the company’s stock after acquiring an additional 7,259 shares during the period. Credit Suisse AG owned about 0.07% of Tronox worth $1,317,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Aurora Investment Counsel grew its position in shares of Tronox by 1.4% during the 2nd quarter. Aurora Investment Counsel now owns 57,620 shares of the company’s stock valued at $968,000 after acquiring an additional 788 shares during the period. US Bancorp DE boosted its holdings in Tronox by 117.8% in the 2nd quarter. US Bancorp DE now owns 2,176 shares of the company’s stock worth $36,000 after buying an additional 1,177 shares during the period. Victory Capital Management Inc. boosted its holdings in Tronox by 6.7% in the 2nd quarter. Victory Capital Management Inc. now owns 27,938 shares of the company’s stock worth $469,000 after buying an additional 1,758 shares during the period. Dark Forest Capital Management LP boosted its holdings in Tronox by 11.3% in the 2nd quarter. Dark Forest Capital Management LP now owns 25,052 shares of the company’s stock worth $421,000 after buying an additional 2,546 shares during the period. Finally, Brookstone Capital Management lifted its stake in Tronox by 6.8% in the 3rd quarter. Brookstone Capital Management now owns 41,833 shares of the company’s stock worth $496,000 after purchasing an additional 2,669 shares in the last quarter. Institutional investors own 67.30% of the company’s stock.

Insider Activity

In other news, SVP John Srivisal sold 40,026 shares of the stock in a transaction that occurred on Tuesday, March 7th. The shares were sold at an average price of $15.52, for a total transaction of $621,203.52. Following the transaction, the senior vice president now directly owns 115,051 shares in the company, valued at $1,785,591.52. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, SVP John Srivisal sold 40,026 shares of the stock in a transaction that occurred on Tuesday, March 7th. The shares were sold at an average price of $15.52, for a total transaction of $621,203.52. Following the completion of the sale, the senior vice president now owns 115,051 shares of the company’s stock, valued at $1,785,591.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Timothy C. Carlson sold 32,163 shares of the stock in a transaction that occurred on Tuesday, March 7th. The shares were sold at an average price of $15.52, for a total transaction of $499,169.76. Following the sale, the chief financial officer now directly owns 358,106 shares of the company’s stock, valued at approximately $5,557,805.12. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 195,487 shares of company stock worth $3,032,725. Corporate insiders own 1.60% of the company’s stock.

Tronox Stock Performance

Shares of NYSE:TROX opened at $15.47 on Thursday. The company has a current ratio of 2.31, a quick ratio of 0.80 and a debt-to-equity ratio of 1.03. The company has a market capitalization of $2.39 billion, a price-to-earnings ratio of 4.91, a PEG ratio of 4.22 and a beta of 1.90. The firm’s 50-day moving average is $15.89 and its 200 day moving average is $14.30. Tronox Holdings plc has a 12 month low of $11.09 and a 12 month high of $21.01.

Tronox (NYSE:TROX – Get Rating) last issued its earnings results on Wednesday, February 15th. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.29). The company had revenue of $649.00 million during the quarter, compared to the consensus estimate of $659.43 million. Tronox had a return on equity of 13.55% and a net margin of 14.39%. Tronox’s revenue was down 26.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.53 earnings per share. Research analysts predict that Tronox Holdings plc will post 1.42 EPS for the current year.

Tronox Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 6th. Shareholders of record on Monday, March 6th will be paid a $0.125 dividend. The ex-dividend date is Friday, March 3rd. This represents a $0.50 dividend on an annualized basis and a yield of 3.23%. Tronox’s dividend payout ratio is currently 15.87%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Credit Suisse Group reiterated an “underperform” rating and issued a $10.00 price target on shares of Tronox in a research note on Thursday, February 16th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Tronox from $16.00 to $18.00 in a research note on Friday, February 17th. UBS Group boosted their price target on shares of Tronox from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Wednesday, January 11th. Finally, The Goldman Sachs Group upped their target price on shares of Tronox from $16.01 to $18.00 and gave the company a “buy” rating in a research report on Thursday, December 15th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Tronox currently has an average rating of “Hold” and an average price target of $16.88.

Tronox Profile

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Tronox Holdings Plc engages in the mining and inorganic chemical business. Its products include Titanium Dioxide Mineral Sands. The firm also mines and processes titanium ore, zircon and other minerals, and manufactures titanium dioxide pigments. The company was founded in 2006 and is headquartered in Stamford, CT.