1,154,108 Shares in Tronox Holdings PLC $TROX Purchased by Wolf Hill Capital Management LP

Wolf Hill Capital Management LP acquired a new position in Tronox Holdings PLC (NYSE:TROX) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,154,108 shares of the company’s stock, valued at approximately $4,640,000. Tronox makes up about 0.4% of Wolf Hill Capital Management LP’s investment portfolio, making the stock its 28th largest holding.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TROX. Headlands Technologies LLC bought a new position in Tronox during the second quarter valued at about $38,000. Jefferies Financial Group Inc. purchased a new position in Tronox in the second quarter valued at about $66,000. Pilgrim Partners Asia Pte Ltd purchased a new position in Tronox in the third quarter valued at about $67,000. Prudential Financial Inc. bought a new position in Tronox during the second quarter valued at $79,000. Finally, Cerity Partners LLC bought a new position in shares of Tronox during the 2nd quarter worth $85,000. Hedge funds and other institutional investors own 73.36% of the company’s stock.

Insider Buying and Selling

In other news, CEO John D. Romano sold 101,600 shares of the stock in a transaction on Friday, March 6th. The stock was sold at an average price of $6.59, for a total value of $669,544.00. Following the sale, the chief executive officer directly owned 1,473,740 shares of the company’s stock, valued at approximately $9,711,946.60. This represents a 6.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Jeffrey N. Neuman sold 22,965 shares of the firm’s stock in a transaction on Friday, March 6th. The shares were sold at an average price of $6.59, for a total value of $151,339.35. Following the transaction, the senior vice president owned 248,831 shares of the company’s stock, valued at $1,639,796.29. The trade was a 8.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 172,711 shares of company stock worth $1,145,137 over the last three months. Corporate insiders own 1.70% of the company’s stock.

Tronox Trading Down 0.3%

Shares of NYSE TROX traded down $0.02 during midday trading on Friday, hitting $6.77. 1,609,927 shares of the company traded hands, compared to its average volume of 4,064,794. Tronox Holdings PLC has a 12-month low of $2.86 and a 12-month high of $8.80. The stock has a 50-day moving average price of $6.62 and a 200 day moving average price of $4.92. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.67 and a current ratio of 2.46. The firm has a market cap of $1.07 billion, a P/E ratio of -2.28 and a beta of 1.11.

Tronox (NYSE:TROX) last announced its earnings results on Wednesday, February 18th. The company reported ($0.60) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.43) by ($0.17). The firm had revenue of $730.00 million during the quarter, compared to the consensus estimate of $730.22 million. Tronox had a negative return on equity of 14.75% and a negative net margin of 16.22%.The firm’s revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.03 EPS. As a group, analysts expect that Tronox Holdings PLC will post 0.49 earnings per share for the current year.

Tronox Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Monday, February 23rd will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Monday, February 23rd. Tronox’s dividend payout ratio is -6.73%.

Analyst Ratings Changes

TROX has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $8.00 price objective on shares of Tronox in a research note on Tuesday, January 27th. Mizuho upped their price objective on shares of Tronox from $4.00 to $4.50 and gave the stock an “underperform” rating in a research report on Thursday, March 5th. Weiss Ratings reissued a “sell (d)” rating on shares of Tronox in a research note on Wednesday, January 21st. Truist Financial increased their price target on shares of Tronox from $7.00 to $8.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. Finally, The Goldman Sachs Group lifted their price objective on Tronox from $5.50 to $7.50 and gave the stock a “buy” rating in a report on Thursday, January 29th. Five equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Tronox presently has an average rating of “Hold” and an average target price of $6.35.

About Tronox

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.