CenterBook Partners LP Takes $6.55 Million Position in Tronox Holdings PLC $TROX

CenterBook Partners LP purchased a new position in shares of Tronox Holdings PLC (NYSE:TROX) in the third quarter, HoldingsChannel.com reports. The fund purchased 1,629,971 shares of the company’s stock, valued at approximately $6,552,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Headlands Technologies LLC bought a new stake in shares of Tronox during the 2nd quarter valued at $38,000. Focus Partners Advisor Solutions LLC bought a new position in shares of Tronox in the 2nd quarter worth $64,000. Amplius Wealth Advisors LLC acquired a new stake in shares of Tronox during the second quarter worth $64,000. Jefferies Financial Group Inc. bought a new stake in Tronox in the second quarter valued at about $66,000. Finally, Pilgrim Partners Asia Pte Ltd acquired a new position in Tronox in the third quarter valued at about $67,000. 73.36% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TROX. UBS Group increased their price target on shares of Tronox from $3.80 to $5.25 and gave the company a “neutral” rating in a research report on Monday, January 12th. Mizuho increased their target price on shares of Tronox from $3.00 to $3.50 and gave the stock an “underperform” rating in a report on Wednesday, December 10th. Truist Financial boosted their price target on shares of Tronox from $7.00 to $8.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $8.00 price objective on shares of Tronox in a research report on Tuesday, January 27th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Tronox in a report on Wednesday, January 21st. Five investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $6.03.

Tronox Price Performance

TROX stock opened at $7.61 on Wednesday. The stock has a 50-day moving average price of $5.70 and a two-hundred day moving average price of $4.52. The stock has a market cap of $1.21 billion, a PE ratio of -3.71 and a beta of 1.18. The company has a current ratio of 2.72, a quick ratio of 0.73 and a debt-to-equity ratio of 1.97. Tronox Holdings PLC has a 1 year low of $2.86 and a 1 year high of $8.80.

Tronox Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Monday, February 23rd will be issued a dividend of $0.05 per share. The ex-dividend date is Monday, February 23rd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.6%. Tronox’s dividend payout ratio (DPR) is presently -9.76%.

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.