PDT Partners LLC Buys 27,949 Shares of Tronox Holdings plc (NYSE:TROX)

PDT Partners LLC increased its stake in Tronox Holdings plc (NYSE:TROX) by 42.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,620 shares of the company’s stock after buying an additional 27,949 shares during the period. PDT Partners LLC owned 0.06% of Tronox worth $1,370,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Tronox in the 2nd quarter worth about $76,000. Headlands Technologies LLC bought a new position in shares of Tronox during the second quarter valued at $83,000. nVerses Capital LLC purchased a new position in shares of Tronox in the 2nd quarter worth about $121,000. Entropy Technologies LP bought a new position in Tronox in the 3rd quarter worth about $190,000. Finally, MQS Management LLC purchased a new stake in Tronox during the 2nd quarter valued at about $195,000. 73.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TROX has been the subject of several recent analyst reports. Barclays decreased their target price on shares of Tronox from $18.00 to $16.00 and set an “overweight” rating for the company in a report on Monday, October 28th. BMO Capital Markets lowered their price objective on Tronox from $21.00 to $17.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 29th. UBS Group raised Tronox from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $17.00 to $19.00 in a report on Thursday, October 10th. The Goldman Sachs Group lowered their price target on Tronox from $18.00 to $16.00 and set a “buy” rating on the stock in a report on Thursday, September 19th. Finally, StockNews.com upgraded Tronox from a “sell” rating to a “hold” rating in a report on Monday, August 5th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.00.

Tronox Stock Performance

TROX stock opened at $12.10 on Monday. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.72 and a quick ratio of 0.90. Tronox Holdings plc has a 1 year low of $10.69 and a 1 year high of $20.70. The company has a market cap of $1.91 billion, a P/E ratio of -25.21 and a beta of 1.66. The stock’s fifty day moving average price is $12.93 and its 200-day moving average price is $14.88.

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

Tronox Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, November 11th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 4.13%. The ex-dividend date is Friday, November 8th. Tronox’s dividend payout ratio is presently -104.17%.

Tronox Company 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.