Empowered Funds LLC Boosts Stake in Tronox Holdings plc (NYSE:TROX)

Empowered Funds LLC grew its position in shares of Tronox Holdings plc (NYSE:TROX) by 5.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 728,282 shares of the company’s stock after acquiring an additional 35,495 shares during the quarter. Empowered Funds LLC owned about 0.46% of Tronox worth $7,334,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of TROX. FMR LLC raised its holdings in Tronox by 4.7% in the third quarter. FMR LLC now owns 23,805,227 shares of the company’s stock valued at $348,270,000 after buying an additional 1,073,674 shares during the period. Thrivent Financial for Lutherans raised its stake in shares of Tronox by 0.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 4,321,485 shares of the company’s stock valued at $63,223,000 after acquiring an additional 23,686 shares during the period. Geode Capital Management LLC raised its stake in shares of Tronox by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,713,606 shares of the company’s stock valued at $39,708,000 after acquiring an additional 22,165 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Tronox by 5.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,212,221 shares of the company’s stock valued at $32,365,000 after acquiring an additional 112,010 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in Tronox by 54.6% during the 3rd quarter. Victory Capital Management Inc. now owns 1,537,723 shares of the company’s stock worth $22,497,000 after purchasing an additional 543,091 shares during the period. 73.36% of the stock is owned by institutional investors and hedge funds.

Tronox Stock Down 1.6 %

Shares of NYSE:TROX opened at $9.75 on Tuesday. The company has a current ratio of 2.72, a quick ratio of 0.90 and a debt-to-equity ratio of 1.42. Tronox Holdings plc has a 12-month low of $8.73 and a 12-month high of $20.70. The company has a fifty day simple moving average of $10.26 and a 200 day simple moving average of $12.14. The firm has a market cap of $1.54 billion, a PE ratio of -20.31 and a beta of 1.60.

Wall Street Analysts Forecast Growth

Several research firms have commented on TROX. Morgan Stanley cut their price objective on Tronox from $16.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Truist Financial assumed coverage on Tronox in a research report on Tuesday, January 28th. They set a “buy” rating and a $17.00 price target on the stock. Barclays lowered their price objective on shares of Tronox from $18.00 to $16.00 and set an “overweight” rating for the company in a research report on Monday, October 28th. The Goldman Sachs Group reduced their target price on shares of Tronox from $15.00 to $13.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. Finally, BMO Capital Markets lowered their price target 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. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Tronox has an average rating of “Moderate Buy” and an average target price of $16.57.

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.