Tronox Holdings PLC $TROX Stock Position Trimmed by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC trimmed its position in shares of Tronox Holdings PLC (NYSE:TROX) by 76.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 43,048 shares of the company’s stock after selling 143,167 shares during the period. Counterpoint Mutual Funds LLC’s holdings in Tronox were worth $421,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. AQR Capital Management LLC acquired a new stake in shares of Tronox in the first quarter valued at approximately $1,188,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Tronox by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 70,574 shares of the company’s stock worth $497,000 after buying an additional 3,042 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Tronox by 12.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 366,203 shares of the company’s stock worth $2,578,000 after buying an additional 41,092 shares during the period. Jane Street Group LLC grew its holdings in Tronox by 93.2% in the 1st quarter. Jane Street Group LLC now owns 118,637 shares of the company’s stock worth $835,000 after buying an additional 57,237 shares in the last quarter. Finally, Prudential Financial Inc. bought a new position in Tronox in the 2nd quarter worth approximately $79,000. Institutional investors own 73.36% of the company’s stock.

Tronox Trading Down 0.1%

Tronox stock opened at $6.20 on Friday. Tronox Holdings PLC has a 12-month low of $2.86 and a 12-month high of $10.59. The company has a debt-to-equity ratio of 2.36, a current ratio of 2.42 and a quick ratio of 0.66. The stock has a market capitalization of $989.34 million, a PE ratio of -2.12 and a beta of 0.80. The firm has a 50 day simple moving average of $7.99 and a 200-day simple moving average of $7.31.

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

Tronox Dividend Announcement

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 issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Monday, May 11th. Tronox’s payout ratio is presently -6.85%.

Analyst Ratings Changes

TROX has been the topic of several analyst reports. Truist Financial upgraded Tronox from a “sell” rating to a “hold” rating and set a $7.00 target price on the stock in a research report on Thursday, June 11th. Deutsche Bank Aktiengesellschaft set a $10.00 price target on Tronox in a research report on Wednesday, May 20th. UBS Group raised their price target on Tronox from $7.50 to $9.00 and gave the company a “neutral” rating in a report on Thursday, April 9th. Wall Street Zen lowered Tronox from a “hold” rating to a “sell” rating in a report on Saturday, June 6th. Finally, The Goldman Sachs Group cut shares of Tronox from a “buy” rating to a “sell” rating and set a $9.00 price objective on the stock. in a research note on Tuesday, May 12th. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $7.14.

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.