Tronox Limited (TROX) Upgraded to Hold by BidaskClub
Tronox Limited (NYSE:TROX) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a report released on Wednesday, July 12th.
Shares of Tronox Limited (NYSE TROX) opened at 19.98 on Wednesday. Tronox Limited has a 1-year low of $6.49 and a 1-year high of $20.20. The firm’s market cap is $2.35 billion. The stock has a 50 day moving average of $16.29 and a 200-day moving average of $16.06.
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A number of large investors have recently modified their holdings of TROX. Numeric Investors LLC acquired a new stake in shares of Tronox Limited during the fourth quarter valued at approximately $158,000. State Street Corp boosted its stake in shares of Tronox Limited by 1.9% in the fourth quarter. State Street Corp now owns 1,195,125 shares of the company’s stock valued at $12,316,000 after buying an additional 22,648 shares during the period. AQR Capital Management LLC boosted its stake in shares of Tronox Limited by 235.9% in the fourth quarter. AQR Capital Management LLC now owns 63,620 shares of the company’s stock valued at $656,000 after buying an additional 44,678 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Tronox Limited by 27.6% in the fourth quarter. Renaissance Technologies LLC now owns 288,100 shares of the company’s stock valued at $2,970,000 after buying an additional 62,400 shares during the period. Finally, Norges Bank bought a new position in shares of Tronox Limited during the fourth quarter worth $3,160,000. Hedge funds and other institutional investors own 89.24% of the company’s stock.
About Tronox Limited
Tronox Limited produces and markets titanium bearing mineral sands and titanium dioxide (TiO2) pigment in North America, Europe, South Africa, and the Asia-Pacific region. It primarily operates in two segments, TiO2 and Alkali. The TiO2 segment engages in the exploration, mining, and beneficiation of mineral sands deposits.
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