Quantbot Technologies LP Has $2.56 Million Position in Tronox Holdings plc (NYSE:TROX)

Quantbot Technologies LP increased its holdings in Tronox Holdings plc (NYSE:TROX) by 98.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 174,922 shares of the company’s stock after purchasing an additional 86,852 shares during the period. Quantbot Technologies LP owned approximately 0.11% of Tronox worth $2,559,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Tronox during the 2nd quarter worth approximately $76,000. Headlands Technologies LLC bought a new stake in shares of Tronox in the 2nd quarter worth about $83,000. nVerses Capital LLC acquired a new stake in shares of Tronox during the 2nd quarter worth about $121,000. Entropy Technologies LP bought a new position in Tronox during the 3rd quarter valued at about $190,000. Finally, MQS Management LLC acquired a new position in Tronox in the second quarter valued at about $195,000. 73.36% of the stock is owned by institutional investors and hedge funds.

Tronox Price Performance

Tronox stock opened at $12.06 on Thursday. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of -25.38 and a beta of 1.66. Tronox Holdings plc has a 12-month low of $10.69 and a 12-month high of $20.70. The company has a quick ratio of 0.90, a current ratio of 2.72 and a debt-to-equity ratio of 1.42. The business’s 50-day simple moving average is $12.96 and its 200 day simple moving average is $15.01.

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

Tronox Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, November 11th will be given a $0.125 dividend. The ex-dividend date is Friday, November 8th. This represents a $0.50 annualized dividend and a dividend yield of 4.15%. Tronox’s dividend payout ratio is currently -104.17%.

Wall Street Analysts Forecast Growth

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

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.