Tronox Holdings PLC $TROX Shares Acquired by CenterBook Partners LP

CenterBook Partners LP raised its holdings in shares of Tronox Holdings PLC (NYSE:TROX) by 9.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,787,731 shares of the company’s stock after acquiring an additional 157,760 shares during the quarter. CenterBook Partners LP owned approximately 1.13% of Tronox worth $7,455,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in TROX. Van ECK Associates Corp boosted its position in shares of Tronox by 203.0% in the 3rd quarter. Van ECK Associates Corp now owns 6,534,894 shares of the company’s stock valued at $26,270,000 after purchasing an additional 4,378,023 shares during the period. Shah Capital Management boosted its position in shares of Tronox by 650.0% in the 4th quarter. Shah Capital Management now owns 3,000,000 shares of the company’s stock valued at $12,510,000 after purchasing an additional 2,600,000 shares during the period. Bank of America Corp DE boosted its position in shares of Tronox by 199.3% in the 3rd quarter. Bank of America Corp DE now owns 2,059,052 shares of the company’s stock valued at $8,277,000 after purchasing an additional 1,371,158 shares during the period. Qube Research & Technologies Ltd boosted its position in shares of Tronox by 355.4% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,650,069 shares of the company’s stock valued at $8,366,000 after purchasing an additional 1,287,755 shares during the period. Finally, Lightrock Netherlands B.V. boosted its position in shares of Tronox by 66.8% in the 4th quarter. Lightrock Netherlands B.V. now owns 3,051,286 shares of the company’s stock valued at $12,724,000 after purchasing an additional 1,222,115 shares during the period. 73.36% of the stock is owned by institutional investors and hedge funds.

Tronox Trading Down 0.5%

Shares of Tronox stock opened at $7.31 on Monday. Tronox Holdings PLC has a fifty-two week low of $2.86 and a fifty-two week high of $10.59. The firm has a market cap of $1.17 billion, a PE ratio of -2.50 and a beta of 0.76. The business’s fifty day moving average is $8.88 and its two-hundred day moving average is $6.88. The company has a quick ratio of 0.66, a current ratio of 2.42 and a debt-to-equity ratio of 2.36.

Tronox (NYSE:TROX) last issued its earnings results on Wednesday, May 6th. The company reported ($0.55) earnings per share for the quarter, missing the consensus estimate of ($0.48) by ($0.07). The firm had revenue of $760.00 million during the quarter, compared to analysts’ expectations of $751.38 million. Tronox had a negative return on equity of 19.93% and a negative net margin of 15.82%.The company’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period last year, the business posted ($0.15) earnings per share. Analysts anticipate that Tronox Holdings PLC will post -1.17 earnings per share for the current year.

Tronox Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Investors of record on Monday, May 11th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Monday, May 11th. Tronox’s dividend payout ratio (DPR) is -6.85%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TROX. Zacks Research raised Tronox from a “strong sell” rating to a “hold” rating in a research report on Monday, March 2nd. The Goldman Sachs Group cut Tronox from a “buy” rating to a “sell” rating and set a $9.00 price objective for the company. in a report on Tuesday, May 12th. UBS Group raised their price objective on shares of Tronox from $7.50 to $9.00 and gave the stock a “neutral” rating in a research note on Thursday, April 9th. BMO Capital Markets reissued a “market perform” rating on shares of Tronox in a research report on Friday, February 20th. Finally, Deutsche Bank Aktiengesellschaft set a $10.00 price target on Tronox in a research note on Wednesday, May 20th. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, Tronox presently has a consensus rating of “Reduce” and an average target price of $6.63.

Tronox Company Profile

Tronox Holdings plc is a vertically integrated global producer of titanium dioxide (TiO₂) pigment and specialty materials. The company’s operations encompass the full supply chain for TiO₂, from mining and processing titanium-bearing ores—such as ilmenite and rutile—to the production of high-purity pigment for use in paints, coatings, plastics, paper and other industrial applications. In addition to TiO₂, Tronox’s product portfolio includes zircon, rare earth byproducts and other specialty minerals that serve a range of industrial markets.

Tronox operates a network of mines, processing facilities and pigment plants located across North America, Europe, the Middle East, Australia and South Africa.