Tronox Ltd (TROX) SVP Niekerk Willem Hendrik Van Sells 12,229 Shares
Tronox Ltd (NASDAQ:TROX) SVP Niekerk Willem Hendrik Van sold 12,229 shares of the business’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $20.70, for a total value of $253,140.30. Following the sale, the senior vice president now directly owns 175,528 shares in the company, valued at approximately $3,633,429.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Shares of Tronox Ltd (NASDAQ:TROX) traded up 2.14% during midday trading on Friday, reaching $22.43. The company had a trading volume of 1,203,842 shares. Tronox Ltd has a 12 month low of $7.40 and a 12 month high of $22.43. The firm’s 50 day moving average price is $19.75 and its 200-day moving average price is $17.30. The company has a market capitalization of $2.67 billion and a P/E ratio of 56.22.
Tronox (NASDAQ:TROX) last announced its earnings results on Tuesday, August 8th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.16. The company had revenue of $622 million for the quarter, compared to analyst estimates of $601.55 million. During the same quarter in the previous year, the company posted ($0.43) earnings per share. Tronox’s revenue for the quarter was up 15.6% on a year-over-year basis. Analysts anticipate that Tronox Ltd will post $0.23 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Monday, August 21st were given a dividend of $0.045 per share. The ex-dividend date was Thursday, August 17th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.80%.
Hedge funds have recently made changes to their positions in the company. State Street Corp lifted its position in shares of Tronox by 4.8% during the second quarter. State Street Corp now owns 1,282,343 shares of the company’s stock worth $19,388,000 after purchasing an additional 59,240 shares in the last quarter. Gotham Asset Management LLC lifted its position in shares of Tronox by 1,278.4% during the second quarter. Gotham Asset Management LLC now owns 195,399 shares of the company’s stock worth $2,954,000 after purchasing an additional 181,223 shares in the last quarter. Intrinsic Edge Capital Management LLC lifted its position in shares of Tronox by 906.6% during the second quarter. Intrinsic Edge Capital Management LLC now owns 251,662 shares of the company’s stock worth $3,805,000 after purchasing an additional 226,662 shares in the last quarter. Credit Capital Investments LLC lifted its position in shares of Tronox by 0.4% during the second quarter. Credit Capital Investments LLC now owns 616,647 shares of the company’s stock worth $9,324,000 after purchasing an additional 2,516 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Tronox by 25.6% during the second quarter. Goldman Sachs Group Inc. now owns 3,172,642 shares of the company’s stock worth $47,970,000 after purchasing an additional 646,598 shares in the last quarter.
Separately, UBS AG reissued a “sell” rating and set a $14.00 target price (down previously from $15.00) on shares of Tronox in a report on Wednesday, June 14th.
Tronox Limited produces and markets titanium bearing mineral sands and titanium dioxide (TiO2) pigment in North America, Europe, South Africa, and the Asia-Pacific region. It primarily operates in two segments, TiO2 and Alkali. The TiO2 segment engages in the exploration, mining, and beneficiation of mineral sands deposits.
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