Entropy Technologies LP Invests $190,000 in Tronox Holdings plc (NYSE:TROX)

Entropy Technologies LP acquired a new position in Tronox Holdings plc (NYSE:TROX) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 12,991 shares of the company’s stock, valued at approximately $190,000.

A number of other institutional investors and hedge funds have also modified their holdings of TROX. Capital International Investors increased its position in Tronox by 2.7% in the 1st quarter. Capital International Investors now owns 4,757,130 shares of the company’s stock worth $82,536,000 after purchasing an additional 126,926 shares during the last quarter. Driehaus Capital Management LLC lifted its position in Tronox by 109.3% during the 2nd quarter. Driehaus Capital Management LLC now owns 2,646,916 shares of the company’s stock worth $41,530,000 after acquiring an additional 1,381,975 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. lifted its position in shares of Tronox by 2.9% during the 2nd quarter. Van Lanschot Kempen Investment Management N.V. now owns 2,426,486 shares of the company’s stock worth $38,072,000 after purchasing an additional 68,155 shares during the last quarter. Primecap Management Co. CA boosted 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 valued at $20,581,000 after acquiring an additional 10,000 shares during the period. Finally, Bridgeway Capital Management LLC boosted its holdings in Tronox by 3.7% in the 1st quarter. Bridgeway Capital Management LLC now owns 1,280,255 shares of the company’s stock valued at $22,212,000 after purchasing an additional 45,992 shares during the period. Hedge funds and other institutional investors own 73.36% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on TROX shares. Barclays decreased their price objective on Tronox from $18.00 to $16.00 and set an “overweight” rating on the stock in a report on Monday, October 28th. UBS Group raised Tronox from a “neutral” rating to a “buy” rating and raised their price target for the company from $17.00 to $19.00 in a report on Thursday, October 10th. StockNews.com upgraded shares of Tronox from a “sell” rating to a “hold” rating in a research report on Monday, August 5th. The Goldman Sachs Group decreased their price target on Tronox from $18.00 to $16.00 and set a “buy” rating on the stock in a report on Thursday, September 19th. Finally, BMO Capital Markets lowered their target price on shares of Tronox from $21.00 to $17.00 and set an “outperform” rating for the company in a report on Tuesday, October 29th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.00.

Tronox Price Performance

Shares of TROX stock opened at $11.03 on Monday. The company has a quick ratio of 0.90, a current ratio of 2.72 and a debt-to-equity ratio of 1.42. Tronox Holdings plc has a 12-month low of $10.69 and a 12-month high of $20.70. The firm has a fifty day moving average of $12.97 and a 200-day moving average of $15.36. The firm has a market capitalization of $1.74 billion, a price-to-earnings ratio of -22.98 and a beta of 1.66.

Tronox (NYSE:TROX) last posted its earnings results on Thursday, October 24th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.30). The business had revenue of $804.00 million during the quarter, compared to analyst estimates of $790.63 million. Tronox had a negative net margin of 2.40% and a negative return on equity of 3.91%. The firm’s revenue was up 21.5% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.08) earnings per share. On average, equities research analysts forecast that Tronox Holdings plc will post -0.04 earnings per share for the current year.

Tronox Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, November 11th will be issued a dividend of $0.125 per share. The ex-dividend date is Friday, November 8th. This represents a $0.50 annualized dividend and a yield of 4.53%. Tronox’s dividend payout ratio (DPR) is currently -104.16%.

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.