Tronox Holdings plc (NYSE:TROX) Shares Sold by Centiva Capital LP

Centiva Capital LP trimmed its position in shares of Tronox Holdings plc (NYSE:TROX) by 17.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,530 shares of the company’s stock after selling 3,470 shares during the quarter. Centiva Capital LP’s holdings in Tronox were worth $242,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in TROX. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Tronox in the 2nd quarter valued at approximately $76,000. Headlands Technologies LLC acquired a new position in shares of Tronox during the 2nd quarter worth $83,000. nVerses Capital LLC acquired a new stake in shares of Tronox in the second quarter valued at about $121,000. Entropy Technologies LP purchased a new stake in Tronox during the third quarter worth about $190,000. Finally, MQS Management LLC acquired a new stake in shares of Tronox in the 2nd quarter worth approximately $195,000. Hedge funds and other institutional investors own 73.36% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the company. The Goldman Sachs Group decreased their target price on Tronox from $18.00 to $16.00 and set a “buy” rating on the stock in a research report on Thursday, September 19th. UBS Group raised shares of Tronox from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $17.00 to $19.00 in a research note on Thursday, October 10th. Barclays reduced their target price on Tronox from $18.00 to $16.00 and set an “overweight” rating on the stock in a research note on Monday, October 28th. Finally, BMO Capital Markets dropped their price target on Tronox from $21.00 to $17.00 and set an “outperform” rating for the company in a research report on Tuesday, October 29th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Tronox presently has a consensus rating of “Moderate Buy” and an average target price of $18.00.

Tronox Stock Down 4.4 %

TROX opened at $11.00 on Thursday. The business has a 50-day moving average of $12.57 and a two-hundred day moving average of $14.47. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.72 and a quick ratio of 0.90. Tronox Holdings plc has a 12 month low of $10.69 and a 12 month high of $20.70. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of -22.92 and a beta of 1.59.

Tronox (NYSE:TROX) last announced its quarterly earnings results on Thursday, October 24th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.30). The company 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 for the quarter was up 21.5% compared to the same quarter last year. During the same quarter last year, the business earned ($0.08) EPS. On average, research analysts expect that Tronox Holdings plc will post -0.04 earnings per share for the current year.

Tronox Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, November 11th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 4.55%. The ex-dividend date of this dividend is Friday, November 8th. Tronox’s dividend payout ratio is currently -104.17%.

Tronox Company Profile

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.