Arizona State Retirement System Boosts Stake in Tronox Holdings plc (NYSE:TROX)

Arizona State Retirement System increased its holdings in shares of Tronox Holdings plc (NYSE:TROXFree Report) by 2.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 33,469 shares of the company’s stock after purchasing an additional 923 shares during the period. Arizona State Retirement System’s holdings in Tronox were worth $450,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Millburn Ridgefield Corp acquired a new stake in Tronox in the third quarter valued at approximately $25,000. EverSource Wealth Advisors LLC acquired a new stake in Tronox in the second quarter valued at approximately $39,000. Tower Research Capital LLC TRC boosted its stake in Tronox by 337.5% in the first quarter. Tower Research Capital LLC TRC now owns 3,242 shares of the company’s stock valued at $46,000 after acquiring an additional 2,501 shares in the last quarter. Covestor Ltd boosted its stake in Tronox by 1,757.7% in the first quarter. Covestor Ltd now owns 2,898 shares of the company’s stock valued at $57,000 after acquiring an additional 2,742 shares in the last quarter. Finally, Pathstone Family Office LLC acquired a new stake in Tronox in the third quarter valued at approximately $130,000. 70.22% of the stock is currently owned by institutional investors and hedge funds.

Tronox Trading Down 1.3 %

Shares of Tronox stock opened at $13.50 on Friday. The company has a debt-to-equity ratio of 1.37, a current ratio of 3.32 and a quick ratio of 1.10. The firm has a fifty day moving average price of $13.49 and a 200 day moving average price of $12.86. Tronox Holdings plc has a 1 year low of $10.08 and a 1 year high of $16.90. The stock has a market cap of $2.12 billion, a PE ratio of -7.71, a price-to-earnings-growth ratio of 12.63 and a beta of 1.96.

Analysts Set New Price Targets

Several brokerages have weighed in on TROX. UBS Group raised their target price on shares of Tronox from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Thursday, January 11th. Barclays lowered their price objective on shares of Tronox from $15.00 to $14.00 and set an “overweight” rating for the company in a research note on Monday, October 30th. BMO Capital Markets upgraded shares of Tronox from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $11.00 to $18.00 in a research note on Monday, December 18th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a $11.00 price objective (down from $16.00) on shares of Tronox in a research note on Friday, October 27th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $14.71.

Get Our Latest Stock Report on TROX

Tronox Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Tronox (NYSE:TROX)

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