Invenomic Capital Management LP Buys 922,453 Shares of Tronox Holdings PLC $TROX

Invenomic Capital Management LP grew its position in Tronox Holdings PLC (NYSE:TROX) by 72.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,203,876 shares of the company’s stock after purchasing an additional 922,453 shares during the period. Invenomic Capital Management LP owned approximately 1.39% of Tronox worth $8,860,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Van ECK Associates Corp grew its stake in shares of 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 in the last quarter. Primecap Management Co. CA boosted its holdings in Tronox by 192.2% during the second quarter. Primecap Management Co. CA now owns 4,252,502 shares of the company’s stock worth $21,560,000 after purchasing an additional 2,797,002 shares during the last quarter. CenterBook Partners LP bought a new position in Tronox in the third quarter valued at $6,552,000. Bank of America Corp DE increased its stake in 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 buying an additional 1,371,158 shares during the last quarter. Finally, Qube Research & Technologies Ltd lifted its position in Tronox by 355.4% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,650,069 shares of the company’s stock worth $8,366,000 after buying an additional 1,287,755 shares in the last quarter. 73.36% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TROX has been the subject of several analyst reports. The Goldman Sachs Group raised their price objective on Tronox from $5.50 to $7.50 and gave the company a “buy” rating in a report on Thursday, January 29th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $8.00 price target on shares of Tronox in a research note on Tuesday, January 27th. BMO Capital Markets reissued a “market perform” rating on shares of Tronox in a report on Friday, February 20th. Weiss Ratings reissued a “sell (d)” rating on shares of Tronox in a research note on Wednesday, January 21st. Finally, Mizuho boosted their target price on shares of Tronox from $4.00 to $4.50 and gave the stock an “underperform” rating in a report on Thursday, March 5th. Five investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $6.35.

Insiders Place Their Bets

In other news, insider Jonathan Flood sold 8,008 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $6.58, for a total transaction of $52,692.64. Following the completion of the sale, the insider owned 92,861 shares in the company, valued at $611,025.38. The trade was a 7.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO John D. Romano sold 101,600 shares of the stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $6.59, for a total value of $669,544.00. Following the transaction, the chief executive officer owned 1,473,740 shares in the company, valued at approximately $9,711,946.60. This trade represents a 6.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 172,711 shares of company stock worth $1,145,137 in the last 90 days. Corporate insiders own 1.70% of the company’s stock.

Tronox Stock Up 3.0%

TROX stock opened at $6.99 on Monday. Tronox Holdings PLC has a 1-year low of $2.86 and a 1-year high of $8.80. The business’s 50 day simple moving average is $6.68 and its 200 day simple moving average is $4.95. The company has a current ratio of 2.46, a quick ratio of 0.67 and a debt-to-equity ratio of 2.16. The firm has a market capitalization of $1.11 billion, a PE ratio of -2.35 and a beta of 1.11.

Tronox (NYSE:TROX) last released its quarterly earnings data on Wednesday, February 18th. The company reported ($0.60) EPS for the quarter, missing analysts’ consensus estimates of ($0.43) by ($0.17). Tronox had a negative return on equity of 14.75% and a negative net margin of 16.22%.The company had revenue of $730.00 million for the quarter, compared to the consensus estimate of $730.22 million. During the same period last year, the firm earned $0.03 earnings per share. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. As a group, research analysts anticipate that Tronox Holdings PLC will post 0.49 EPS for the current year.

Tronox Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Monday, February 23rd will be paid a $0.05 dividend. The ex-dividend date is Monday, February 23rd. This represents a $0.20 dividend on an annualized basis and a yield of 2.9%. Tronox’s dividend payout ratio is -6.73%.

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.