Tronox Holdings PLC $TROX Shares Sold by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC reduced its holdings in Tronox Holdings PLC (NYSE:TROX) by 76.9% during the first quarter, Holdings Channel reports. 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 reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TROX. Van ECK Associates Corp boosted its holdings in Tronox by 203.0% during the third quarter. Van ECK Associates Corp now owns 6,534,894 shares of the company’s stock worth $26,270,000 after buying an additional 4,378,023 shares in the last quarter. Shah Capital Management increased its holdings in shares of Tronox by 650.0% in the fourth quarter. Shah Capital Management now owns 3,000,000 shares of the company’s stock valued at $12,510,000 after buying an additional 2,600,000 shares in the last quarter. Van Lanschot Kempen Investment Management N.V. increased its holdings in shares of Tronox by 123.0% in the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 4,347,134 shares of the company’s stock valued at $18,128,000 after buying an additional 2,398,038 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Tronox by 199.3% during 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 acquiring an additional 1,371,158 shares during the last quarter. Finally, Qube Research & Technologies Ltd lifted its position in shares of Tronox by 355.4% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,650,069 shares of the company’s stock valued at $8,366,000 after acquiring an additional 1,287,755 shares during the last quarter. 73.36% of the stock is owned by institutional investors and hedge funds.

Tronox Stock Down 0.1%

TROX stock opened at $6.20 on Friday. 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 firm has a market capitalization of $989.34 million, a P/E ratio of -2.12 and a beta of 0.80. Tronox Holdings PLC has a 52-week low of $2.86 and a 52-week high of $10.59. The company’s 50 day simple moving average is $7.99 and its 200-day simple moving average is $7.31.

Tronox (NYSE:TROX) last posted 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 firm had revenue of $760.00 million during the quarter, compared to analyst estimates of $751.38 million. During the same period in the prior year, the business posted ($0.15) EPS. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. As a group, equities research analysts anticipate that Tronox Holdings PLC will post -1.17 EPS for the current year.

Tronox Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Stockholders of record on Monday, May 11th will be issued a $0.05 dividend. The ex-dividend date is Monday, May 11th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.2%. Tronox’s dividend payout ratio is presently -6.85%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft set a $10.00 price objective on Tronox in a research note on Wednesday, May 20th. Mizuho boosted their target price on Tronox from $4.50 to $5.00 and gave the stock an “underperform” rating in a research report on Monday, March 23rd. The Goldman Sachs Group downgraded Tronox from a “buy” rating to a “sell” rating and set a $9.00 target price for the company. in a report on Tuesday, May 12th. Wall Street Zen lowered Tronox from a “hold” rating to a “sell” rating in a research report on Saturday, June 6th. Finally, UBS Group lifted their price target on Tronox from $7.50 to $9.00 and gave the stock a “neutral” rating in a research note on Thursday, April 9th. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock 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.