14,150 Shares in Tronox Holdings plc (NYSE:TROX) Bought by Oxford Asset Management LLP

Oxford Asset Management LLP acquired a new position in shares of Tronox Holdings plc (NYSE:TROX) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 14,150 shares of the company’s stock, valued at approximately $142,000.

A number of other hedge funds have also recently made changes to their positions in TROX. Sterling Capital Management LLC boosted its holdings in Tronox by 832.6% in the fourth quarter. Sterling Capital Management LLC now owns 3,805 shares of the company’s stock worth $38,000 after acquiring an additional 3,397 shares in the last quarter. KBC Group NV boosted its holdings in Tronox by 59.4% in the fourth quarter. KBC Group NV now owns 6,949 shares of the company’s stock worth $70,000 after acquiring an additional 2,590 shares in the last quarter. Mariner LLC acquired a new stake in Tronox in the fourth quarter worth about $105,000. Cibc World Markets Corp acquired a new stake in Tronox in the fourth quarter worth about $112,000. Finally, Atria Investments Inc acquired a new stake in Tronox in the fourth quarter worth about $112,000. 73.36% of the stock is currently owned by hedge funds and other institutional investors.

Tronox Stock Down 0.2 %

Tronox stock opened at $5.59 on Tuesday. The stock has a market capitalization of $882.87 million, a PE ratio of -18.03 and a beta of 1.53. Tronox Holdings plc has a 12 month low of $4.35 and a 12 month high of $20.70. The business has a 50 day simple moving average of $6.51 and a 200-day simple moving average of $9.41. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.47 and a quick ratio of 0.90.

Tronox (NYSE:TROX) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). Tronox had a negative net margin of 1.56% and a negative return on equity of 0.63%. On average, analysts anticipate that Tronox Holdings plc will post 0.49 EPS for the current fiscal year.

Tronox Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Monday, March 3rd were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 8.94%. The ex-dividend date of this dividend was Monday, March 3rd. Tronox’s dividend payout ratio (DPR) is presently -161.29%.

Insider Buying and Selling

In other news, Director Stephen J. Jones purchased 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 18th. The stock was purchased at an average cost of $7.17 per share, for a total transaction of $215,100.00. Following the completion of the transaction, the director now owns 30,000 shares of the company’s stock, valued at $215,100. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 1.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Truist Financial lowered their price target on Tronox from $14.00 to $10.00 and set a “buy” rating for the company in a report on Monday, April 14th. The Goldman Sachs Group decreased their target price on Tronox from $13.00 to $11.50 and set a “buy” rating for the company in a report on Wednesday, February 26th. UBS Group decreased their target price on Tronox from $16.00 to $15.00 and set a “buy” rating for the company in a report on Thursday, February 13th. Morgan Stanley decreased their target price on Tronox from $16.00 to $12.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Finally, Mizuho decreased their target price on Tronox from $11.00 to $9.00 and set a “neutral” rating for the company in a report on Thursday, March 13th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Tronox presently has a consensus rating of “Moderate Buy” and an average price target of $12.93.

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.