Semanteon Capital Management LP Increases Stock Holdings in Tronox Holdings plc (NYSE:TROX)

Semanteon Capital Management LP raised its position in Tronox Holdings plc (NYSE:TROX) by 16.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,479 shares of the company’s stock after buying an additional 12,505 shares during the quarter. Tronox accounts for 0.9% of Semanteon Capital Management LP’s holdings, making the stock its biggest holding. Semanteon Capital Management LP owned 0.05% of Tronox worth $1,265,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in TROX. Allspring Global Investments Holdings LLC raised its position in shares of Tronox by 9.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 10,232 shares of the company’s stock valued at $178,000 after buying an additional 861 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Tronox by 4.2% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 25,065 shares of the company’s stock valued at $393,000 after acquiring an additional 1,014 shares in the last quarter. ProShare Advisors LLC lifted its position in shares of Tronox by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 21,049 shares of the company’s stock valued at $365,000 after acquiring an additional 1,657 shares during the period. The Manufacturers Life Insurance Company grew its holdings in shares of Tronox by 5.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 45,701 shares of the company’s stock worth $717,000 after purchasing an additional 2,180 shares in the last quarter. Finally, nVerses Capital LLC increased its position in shares of Tronox by 35.1% in the third quarter. nVerses Capital LLC now owns 10,400 shares of the company’s stock worth $152,000 after purchasing an additional 2,700 shares during the period. Institutional investors own 73.36% of the company’s stock.

Tronox Price Performance

Shares of NYSE TROX traded up $0.19 during mid-day trading on Monday, hitting $12.60. 77,757 shares of the stock traded hands, compared to its average volume of 1,117,936. Tronox Holdings plc has a twelve month low of $10.24 and a twelve month high of $20.70. The company has a current ratio of 2.98, a quick ratio of 1.08 and a debt-to-equity ratio of 1.44. The firm has a 50 day simple moving average of $13.50 and a two-hundred day simple moving average of $15.88.

Tronox (NYSE:TROX) last announced its quarterly earnings results on Thursday, October 24th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.30). Tronox had a negative net margin of 2.40% and a negative return on equity of 3.91%. The firm had revenue of $804.00 million for the quarter, compared to analyst estimates of $790.63 million. During the same period in the previous year, the business posted ($0.08) earnings per share. The business’s revenue for the quarter was up 21.5% compared to the same quarter last year. Research analysts anticipate that Tronox Holdings plc will post 0.39 EPS for the current fiscal year.

Tronox Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, August 26th were issued a $0.125 dividend. The ex-dividend date was Monday, August 26th. This represents a $0.50 dividend on an annualized basis and a yield of 3.97%. Tronox’s payout ratio is -104.16%.

Analyst Ratings Changes

A number of brokerages recently issued reports on TROX. BMO Capital Markets decreased their price objective on shares of Tronox from $22.00 to $21.00 and set an “outperform” rating on the stock in a research note on Monday, September 30th. StockNews.com upgraded Tronox from a “sell” rating to a “hold” rating in a research note on Monday, August 5th. Barclays dropped their price objective on Tronox from $19.00 to $18.00 and set an “overweight” rating for the company in a research report on Wednesday, September 25th. UBS Group upgraded Tronox from a “neutral” rating to a “buy” rating and lifted their target price for the company from $17.00 to $19.00 in a research report on Thursday, October 10th. Finally, The Goldman Sachs Group dropped their target price on shares of Tronox from $18.00 to $16.00 and set a “buy” rating for the company in a report on Thursday, September 19th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $19.20.

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.