Victory Capital Management Inc. Grows Stock Holdings in Tronox Holdings plc (NYSE:TROX)

Victory Capital Management Inc. boosted its holdings in shares of Tronox Holdings plc (NYSE:TROX) by 54.6% during the third quarter, Holdings Channel.com reports. The firm owned 1,537,723 shares of the company’s stock after acquiring an additional 543,091 shares during the period. Victory Capital Management Inc.’s holdings in Tronox were worth $22,497,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Capital International Investors raised its stake in shares of Tronox by 2.7% in the first quarter. Capital International Investors now owns 4,757,130 shares of the company’s stock valued at $82,536,000 after acquiring an additional 126,926 shares during the period. Driehaus Capital Management LLC raised its stake in shares of Tronox by 109.3% in the second quarter. Driehaus Capital Management LLC now owns 2,646,916 shares of the company’s stock valued at $41,530,000 after acquiring an additional 1,381,975 shares during the period. Van Lanschot Kempen Investment Management N.V. raised its stake in shares of Tronox by 2.9% in the second quarter. Van Lanschot Kempen Investment Management N.V. now owns 2,426,486 shares of the company’s stock valued at $38,072,000 after acquiring an additional 68,155 shares during the period. Primecap Management Co. CA raised its stake in shares of Tronox by 0.8% in the second quarter. Primecap Management Co. CA now owns 1,311,700 shares of the company’s stock valued at $20,581,000 after acquiring an additional 10,000 shares during the period. Finally, Bridgeway Capital Management LLC raised its stake in shares of Tronox by 3.7% in the first quarter. Bridgeway Capital Management LLC now owns 1,280,255 shares of the company’s stock valued at $22,212,000 after acquiring an additional 45,992 shares during the period. Hedge funds and other institutional investors own 73.36% of the company’s stock.

Tronox Trading Up 0.5 %

NYSE TROX opened at $11.08 on Tuesday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.90 and a current ratio of 2.72. The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of -23.08 and a beta of 1.66. The company’s 50-day simple moving average is $12.95 and its two-hundred day simple moving average is $15.30. Tronox Holdings plc has a one year low of $10.69 and a one year high of $20.70.

Tronox (NYSE:TROX) last posted its earnings results on Thursday, October 24th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.30). The business had revenue of $804.00 million for the quarter, compared to analysts’ expectations of $790.63 million. Tronox had a negative net margin of 2.40% and a negative return on equity of 3.91%. The company’s revenue for the quarter was up 21.5% on a year-over-year basis. During the same period last year, the business posted ($0.08) EPS. Equities analysts forecast that Tronox Holdings plc will post -0.04 EPS for the current fiscal year.

Tronox Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, November 11th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.51%. The ex-dividend date is Friday, November 8th. Tronox’s payout ratio is currently -104.17%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. BMO Capital Markets reduced their target price on shares of Tronox from $21.00 to $17.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 29th. The Goldman Sachs Group reduced their price target on shares of Tronox from $18.00 to $16.00 and set a “buy” rating on the stock in a research note on Thursday, September 19th. Barclays reduced their price target on shares of Tronox from $18.00 to $16.00 and set an “overweight” rating on the stock in a research note on Monday, October 28th. StockNews.com raised shares of Tronox from a “sell” rating to a “hold” rating in a research note on Monday, August 5th. Finally, UBS Group raised shares of Tronox from a “neutral” rating to a “buy” rating and raised their price target for the stock from $17.00 to $19.00 in a research note on Thursday, October 10th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Tronox presently has an average rating of “Moderate Buy” and a consensus price target of $18.00.

About Tronox

Tronox Holdings plc operates as a vertically integrated manufacturer of TiO2 pigment in North America, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates titanium-bearing mineral sand mines; and engages in beneficiation and smelting operations. It offers TiO2 pigment; ultrafine specialty TiO2; zircon; feedstock; pig iron; monazite; titanium tetrachloride; and other products.