Aigen Investment Management LP Makes New $363,000 Investment in Tronox Holdings plc (NYSE:TROX)

Aigen Investment Management LP bought a new position in Tronox Holdings plc (NYSE:TROX) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 24,825 shares of the company’s stock, valued at approximately $363,000.

A number of other institutional investors have also recently made changes to their positions in TROX. Capital World Investors bought a new position in Tronox in the 1st quarter valued at approximately $19,152,000. Capital International Investors lifted its holdings in shares of Tronox by 2.7% during the first quarter. Capital International Investors now owns 4,757,130 shares of the company’s stock valued at $82,536,000 after purchasing an additional 126,926 shares in the last quarter. Boston Partners boosted its position in shares of Tronox by 160.2% during the first quarter. Boston Partners now owns 1,018,025 shares of the company’s stock valued at $17,664,000 after buying an additional 626,744 shares during the last quarter. Algert Global LLC increased its holdings in Tronox by 127.2% in the 2nd quarter. Algert Global LLC now owns 309,051 shares of the company’s stock worth $4,849,000 after buying an additional 173,054 shares in the last quarter. Finally, Hantz Financial Services Inc. purchased a new position in Tronox in the 2nd quarter worth about $2,717,000. Hedge funds and other institutional investors own 73.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TROX. BMO Capital Markets dropped their price target on shares of Tronox from $21.00 to $17.00 and set an “outperform” rating on the stock in a report on Tuesday, October 29th. The Goldman Sachs Group dropped their target price on shares of Tronox from $18.00 to $16.00 and set a “buy” rating on the stock in a report on Thursday, September 19th. StockNews.com upgraded shares of Tronox from a “sell” rating to a “hold” rating in a research note on Monday, August 5th. UBS Group upgraded 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. Finally, Barclays reduced their price objective on Tronox from $18.00 to $16.00 and set an “overweight” rating for the company in a research report on Monday, October 28th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.00.

Tronox Trading Down 0.3 %

Shares of Tronox stock opened at $10.88 on Friday. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.72 and a quick ratio of 0.90. The stock has a market capitalization of $1.72 billion, a PE ratio of -22.67 and a beta of 1.66. Tronox Holdings plc has a 1-year low of $10.69 and a 1-year high of $20.70. The company’s fifty day simple moving average is $12.99 and its 200-day simple moving average is $15.43.

Tronox (NYSE:TROX) last posted its quarterly earnings data on Thursday, October 24th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.17 by ($0.30). The company had revenue of $804.00 million during the quarter, compared to the consensus estimate of $790.63 million. Tronox had a negative return on equity of 3.91% and a negative net margin of 2.40%. The firm’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same period last year, the business earned ($0.08) EPS. As a group, equities analysts anticipate that Tronox Holdings plc will post -0.04 earnings per share for the current year.

Tronox Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, November 11th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 4.60%. The ex-dividend date is Friday, November 8th. Tronox’s dividend payout ratio is currently -104.17%.

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.