Maple Rock Capital Partners Inc. increased its position in shares of Tronox Ltd (OTCMKTS:TROX) by 2.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,434,900 shares of the basic materials company’s stock after acquiring an additional 31,600 shares during the period. Tronox comprises 9.8% of Maple Rock Capital Partners Inc.’s holdings, making the stock its 3rd largest holding. Maple Rock Capital Partners Inc. owned approximately 1.20% of Tronox worth $29,430,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Public Employees Retirement Association of Colorado acquired a new stake in shares of Tronox during the 4th quarter worth approximately $142,000. Amalgamated Bank acquired a new stake in shares of Tronox during the 4th quarter worth approximately $247,000. Investors Research Corp acquired a new stake in shares of Tronox during the 4th quarter worth approximately $347,000. Bourgeon Capital Management LLC bought a new position in Tronox in the 4th quarter valued at approximately $365,000. Finally, B. Riley Financial Inc. bought a new position in Tronox in the 4th quarter valued at approximately $506,000.
Shares of Tronox Ltd (OTCMKTS TROX) opened at $20.09 on Monday. Tronox Ltd has a 12-month low of $12.88 and a 12-month high of $28.40.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 26th. Stockholders of record on Monday, March 12th will be given a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a dividend yield of 0.90%. The ex-dividend date is Friday, March 9th.
TROX has been the subject of several analyst reports. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $23.00 price target on shares of Tronox in a research note on Wednesday, December 6th. Alembic Global Advisors reaffirmed a “buy” rating and set a $35.00 price target on shares of Tronox in a research note on Monday, November 20th. Morgan Stanley initiated coverage on shares of Tronox in a research note on Tuesday, January 30th. They set an “equal weight” rating and a $21.00 price target for the company. Wells Fargo & Co initiated coverage on shares of Tronox in a research note on Wednesday, February 7th. They set an “outperform” rating and a $28.00 price target for the company. Finally, Barclays initiated coverage on shares of Tronox in a research note on Thursday, December 14th. They set an “overweight” rating and a $25.00 price target for the company. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $24.83.
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Tronox Limited is engaged in production and marketing of titanium bearing mineral sands and titanium dioxide pigment (TiO2). The Company’s TiO2 products are critical components of everyday applications, such as coatings, plastics, paper and other applications. The Company’s mineral sands business consists primarily of two product streams: titanium feedstock and zircon.
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