Chesapeake Capital Corp IL Makes New Investment in Tronox Holdings plc (NYSE:TROX)

Chesapeake Capital Corp IL bought a new position in shares of Tronox Holdings plc (NYSE:TROX) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 26,222 shares of the company’s stock, valued at approximately $455,000.

Several other institutional investors have also recently bought and sold shares of TROX. Primecap Management Co. CA increased its stake in shares of Tronox by 7.9% in the fourth quarter. Primecap Management Co. CA now owns 1,234,700 shares of the company’s stock valued at $17,483,000 after buying an additional 90,500 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Tronox by 7.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,951,090 shares of the company’s stock valued at $27,627,000 after buying an additional 127,718 shares during the period. Franklin Resources Inc. increased its stake in shares of Tronox by 16.5% in the fourth quarter. Franklin Resources Inc. now owns 6,185,221 shares of the company’s stock valued at $87,583,000 after buying an additional 876,192 shares during the period. Bridgeway Capital Management LLC increased its stake in shares of Tronox by 29.5% in the fourth quarter. Bridgeway Capital Management LLC now owns 1,234,263 shares of the company’s stock valued at $17,477,000 after buying an additional 281,110 shares during the period. Finally, Nomura Holdings Inc. acquired a new position in shares of Tronox in the fourth quarter valued at approximately $338,000. Institutional investors and hedge funds own 73.36% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Barclays upped their price objective on Tronox from $17.00 to $22.00 and gave the company an “overweight” rating in a research note on Wednesday, May 15th. The Goldman Sachs Group increased their target price on shares of Tronox from $17.00 to $22.00 and gave the company a “buy” rating in a research report on Monday, May 6th. UBS Group decreased their target price on shares of Tronox from $19.00 to $18.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. Mizuho began coverage on shares of Tronox in a research report on Friday, June 7th. They set a “neutral” rating and a $22.00 target price for the company. Finally, StockNews.com downgraded shares of Tronox from a “hold” rating to a “sell” rating in a research report on Friday, July 12th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $18.50.

Tronox Stock Down 3.5 %

NYSE:TROX traded down $0.56 during trading hours on Friday, hitting $15.51. 1,744,226 shares of the company traded hands, compared to its average volume of 1,364,973. The company has a quick ratio of 1.09, a current ratio of 3.12 and a debt-to-equity ratio of 1.44. The firm’s 50-day simple moving average is $18.11 and its 200-day simple moving average is $16.40. Tronox Holdings plc has a one year low of $10.08 and a one year high of $20.70. The company has a market cap of $2.45 billion, a PE ratio of -6.96, a PEG ratio of 18.93 and a beta of 1.70.

Tronox (NYSE:TROX) last announced its earnings results on Wednesday, May 1st. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.06). Tronox had a negative net margin of 11.93% and a negative return on equity of 2.74%. The business had revenue of $774.00 million for the quarter, compared to analysts’ expectations of $753.98 million. During the same period in the prior year, the business earned $0.15 earnings per share. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. Equities analysts predict that Tronox Holdings plc will post 0.62 earnings per share for the current year.

Tronox Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Monday, May 20th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 3.22%. The ex-dividend date was Friday, May 17th. Tronox’s dividend payout ratio is presently -22.42%.

Tronox Profile

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.