Headlands Technologies LLC Makes New Investment in Tronox Holdings plc (NYSE:TROX)

Headlands Technologies LLC bought a new position in Tronox Holdings plc (NYSE:TROX) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 5,259 shares of the company’s stock, valued at approximately $83,000.

Several other institutional investors also recently modified their holdings of the business. Rhumbline Advisers increased its position in shares of Tronox by 5.3% during the 2nd quarter. Rhumbline Advisers now owns 199,568 shares of the company’s stock valued at $3,131,000 after purchasing an additional 9,969 shares during the last quarter. Natixis Advisors LLC increased its holdings in Tronox by 136.4% during the second quarter. Natixis Advisors LLC now owns 51,844 shares of the company’s stock worth $813,000 after buying an additional 29,909 shares during the last quarter. nVerses Capital LLC bought a new stake in Tronox in the second quarter worth about $121,000. Hantz Financial Services Inc. purchased a new position in Tronox in the second quarter valued at about $2,717,000. Finally, Van Lanschot Kempen Investment Management N.V. grew 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 valued at $38,072,000 after acquiring an additional 68,155 shares during the period. 73.36% of the stock is owned by institutional investors.

Tronox Stock Performance

Shares of TROX opened at $11.92 on Tuesday. Tronox Holdings plc has a 52-week low of $10.08 and a 52-week high of $20.70. The stock’s 50-day simple moving average is $14.32 and its 200 day simple moving average is $16.47. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.08 and a current ratio of 2.98. The stock has a market capitalization of $1.88 billion, a price-to-earnings ratio of -5.38, a price-to-earnings-growth ratio of 21.86 and a beta of 1.64.

Tronox (NYSE:TROX) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.11). Tronox had a negative net margin of 2.14% and a negative return on equity of 3.40%. The firm had revenue of $820.00 million for the quarter, compared to analysts’ expectations of $848.04 million. During the same period in the prior year, the firm posted $0.16 EPS. Tronox’s revenue was up 3.3% on a year-over-year basis. Research analysts forecast that Tronox Holdings plc will post 0.44 EPS for the current fiscal year.

Tronox Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Monday, August 26th will be given a $0.125 dividend. The ex-dividend date is Monday, August 26th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.19%. Tronox’s dividend payout ratio (DPR) is presently -22.42%.

Analyst Ratings Changes

TROX has been the topic of a number of research reports. StockNews.com raised shares of Tronox from a “sell” rating to a “hold” rating in a report on Monday, August 5th. UBS Group lowered their target price on Tronox from $19.00 to $18.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. The Goldman Sachs Group cut their price target on Tronox from $21.00 to $18.00 and set a “buy” rating for the company in a research note on Tuesday, September 3rd. Barclays lowered their price objective on Tronox from $22.00 to $19.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 6th. Finally, Mizuho started coverage on shares of Tronox in a research report on Friday, June 7th. They set a “neutral” rating and a $22.00 target price for the company. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $18.67.

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.