Tronox (NYSE:TROX) Downgraded by Wall Street Zen to Sell

Tronox (NYSE:TROX) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

TROX has been the topic of a number of other research reports. UBS Group increased their price objective on shares of Tronox from $7.50 to $9.00 and gave the stock a “neutral” rating in a report on Thursday, April 9th. The Goldman Sachs Group lowered shares of Tronox from a “buy” rating to a “sell” rating and set a $9.00 price objective on the stock. in a report on Tuesday, May 12th. Weiss Ratings lowered shares of Tronox from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, May 11th. Deutsche Bank Aktiengesellschaft set a $10.00 price objective on shares of Tronox in a report on Wednesday, May 20th. Finally, Zacks Research raised shares of Tronox from a “strong sell” rating to a “hold” rating in a report on Monday, March 2nd. Two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average target price of $6.63.

Tronox Stock Down 6.5%

Shares of NYSE:TROX opened at $7.31 on Friday. Tronox has a 12 month low of $2.86 and a 12 month high of $10.59. The company’s 50-day moving average price is $8.88 and its two-hundred day moving average price is $6.85. The company has a quick ratio of 0.66, a current ratio of 2.42 and a debt-to-equity ratio of 2.36. The firm has a market cap of $1.17 billion, a P/E ratio of -2.50 and a beta of 0.76.

Tronox (NYSE:TROX) last issued its quarterly earnings data on Wednesday, May 6th. The company reported ($0.55) EPS for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.07). Tronox had a negative return on equity of 19.93% and a negative net margin of 15.82%.The company had revenue of $760.00 million for the quarter, compared to the consensus estimate of $751.38 million. During the same period in the prior year, the company earned ($0.15) EPS. The firm’s revenue was up 3.0% compared to the same quarter last year. As a group, research analysts forecast that Tronox will post -1.17 EPS for the current fiscal year.

Institutional Trading of Tronox

A number of hedge funds have recently modified their holdings of TROX. Shah Capital Management boosted its stake in Tronox by 650.0% during the 4th quarter. Shah Capital Management now owns 3,000,000 shares of the company’s stock worth $12,510,000 after acquiring an additional 2,600,000 shares during the last quarter. Citigroup Inc. boosted its stake in Tronox by 693.0% during the 3rd quarter. Citigroup Inc. now owns 469,051 shares of the company’s stock worth $1,886,000 after acquiring an additional 409,902 shares during the last quarter. Counterpoint Mutual Funds LLC boosted its stake in Tronox by 887.3% during the 3rd quarter. Counterpoint Mutual Funds LLC now owns 689,150 shares of the company’s stock worth $2,770,000 after acquiring an additional 619,351 shares during the last quarter. Algert Global LLC boosted its stake in Tronox by 47.7% during the 3rd quarter. Algert Global LLC now owns 1,712,187 shares of the company’s stock worth $6,883,000 after acquiring an additional 552,845 shares during the last quarter. Finally, Van ECK Associates Corp boosted its stake in Tronox by 203.0% during the 3rd quarter. Van ECK Associates Corp now owns 6,534,894 shares of the company’s stock worth $26,270,000 after acquiring an additional 4,378,023 shares during the last quarter. 73.36% of the stock is currently owned by institutional investors and hedge funds.

About Tronox

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.