CenterBook Partners LP Raises Holdings in Tronox Holdings PLC $TROX

CenterBook Partners LP increased its position in Tronox Holdings PLC (NYSE:TROX) by 9.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,787,731 shares of the company’s stock after buying an additional 157,760 shares during the period. CenterBook Partners LP’s holdings in Tronox were worth $7,455,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Van ECK Associates Corp raised its position in shares of Tronox by 203.0% in the 3rd quarter. Van ECK Associates Corp now owns 6,534,894 shares of the company’s stock worth $26,270,000 after buying an additional 4,378,023 shares during the period. Primecap Management Co. CA raised its position in Tronox by 10.6% in the third quarter. Primecap Management Co. CA now owns 4,704,502 shares of the company’s stock valued at $18,912,000 after purchasing an additional 452,000 shares during the period. Lightrock Netherlands B.V. raised its position in Tronox by 66.8% in the fourth quarter. Lightrock Netherlands B.V. now owns 3,051,286 shares of the company’s stock valued at $12,724,000 after purchasing an additional 1,222,115 shares during the period. Shah Capital Management raised its position in Tronox by 650.0% in the fourth quarter. Shah Capital Management now owns 3,000,000 shares of the company’s stock valued at $12,510,000 after purchasing an additional 2,600,000 shares during the period. Finally, Geode Capital Management LLC raised its position in Tronox by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 2,846,828 shares of the company’s stock valued at $11,873,000 after purchasing an additional 20,837 shares during the period. 73.36% of the stock is owned by hedge funds and other institutional investors.

Tronox Stock Down 0.5%

Shares of Tronox stock opened at $7.31 on Monday. The business has a 50-day moving average of $8.88 and a 200-day moving average of $6.88. The company has a debt-to-equity ratio of 2.36, a current ratio of 2.42 and a quick ratio of 0.66. The company has a market capitalization of $1.17 billion, a PE ratio of -2.50 and a beta of 0.76. Tronox Holdings PLC has a 1-year low of $2.86 and a 1-year high of $10.59.

Tronox (NYSE:TROX) last announced its earnings results on Wednesday, May 6th. The company reported ($0.55) earnings per share for the quarter, missing the consensus estimate of ($0.48) by ($0.07). The business had revenue of $760.00 million for the quarter, compared to analyst estimates of $751.38 million. Tronox had a negative net margin of 15.82% and a negative return on equity of 19.93%. The firm’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.15) earnings per share. As a group, equities analysts forecast that Tronox Holdings PLC will post -1.17 EPS for the current fiscal year.

Tronox Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Stockholders of record on Monday, May 11th will be paid a dividend of $0.05 per share. The ex-dividend date is Monday, May 11th. This represents a $0.20 annualized dividend and a dividend yield of 2.7%. Tronox’s dividend payout ratio (DPR) is currently -6.85%.

Analyst Upgrades and Downgrades

Several research analysts have commented on TROX shares. Zacks Research raised Tronox from a “strong sell” rating to a “hold” rating in a research report on Monday, March 2nd. UBS Group raised their price objective on Tronox from $7.50 to $9.00 and gave the company a “neutral” rating in a research report on Thursday, April 9th. Weiss Ratings lowered Tronox from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday, May 11th. Deutsche Bank Aktiengesellschaft set a $10.00 price objective on Tronox in a research report on Wednesday, May 20th. Finally, Mizuho raised their price objective on Tronox from $4.50 to $5.00 and gave the company an “underperform” rating in a research report on Monday, March 23rd. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $6.63.

Tronox Company Profile

Tronox Holdings plc is a vertically integrated global producer of titanium dioxide (TiO₂) pigment and specialty materials. The company’s operations encompass the full supply chain for TiO₂, from mining and processing titanium-bearing ores—such as ilmenite and rutile—to the production of high-purity pigment for use in paints, coatings, plastics, paper and other industrial applications. In addition to TiO₂, Tronox’s product portfolio includes zircon, rare earth byproducts and other specialty minerals that serve a range of industrial markets.

Tronox operates a network of mines, processing facilities and pigment plants located across North America, Europe, the Middle East, Australia and South Africa.