Traders Buy High Volume of Tronox Call Options (NYSE:TROX)

Tronox Holdings PLC (NYSE:TROX) was the recipient of some unusual options trading activity on Tuesday. Traders acquired 16,388 call options on the stock. This represents an increase of 737% compared to the average daily volume of 1,957 call options.

Hedge Funds Weigh In On Tronox

A number of large investors have recently bought and sold shares of TROX. AQR Capital Management LLC purchased a new stake in shares of Tronox during the 1st quarter valued at $1,188,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Tronox by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 70,574 shares of the company’s stock valued at $497,000 after acquiring an additional 3,042 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Tronox by 12.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 366,203 shares of the company’s stock valued at $2,578,000 after acquiring an additional 41,092 shares during the period. Jane Street Group LLC increased its stake in Tronox by 93.2% during the first quarter. Jane Street Group LLC now owns 118,637 shares of the company’s stock worth $835,000 after acquiring an additional 57,237 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC purchased a new position in shares of Tronox in the 2nd quarter worth about $93,000. Hedge funds and other institutional investors own 73.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Mizuho increased their price target on shares of Tronox from $3.00 to $3.50 and gave the company an “underperform” rating in a research report on Wednesday, December 10th. Truist Financial upped their target price on Tronox from $7.00 to $8.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. UBS Group raised their price target on Tronox from $3.80 to $5.25 and gave the stock a “neutral” rating in a research report on Monday, January 12th. The Goldman Sachs Group boosted their price target on Tronox from $5.50 to $7.50 and gave the stock a “buy” rating in a report on Thursday, January 29th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Tronox in a research note on Wednesday, January 21st. Five investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $6.03.

Tronox Trading Down 2.5%

Shares of TROX stock traded down $0.20 during mid-day trading on Tuesday, hitting $7.66. 1,707,346 shares of the company’s stock were exchanged, compared to its average volume of 3,782,345. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of -3.74 and a beta of 1.18. The company has a quick ratio of 0.73, a current ratio of 2.72 and a debt-to-equity ratio of 1.97. Tronox has a fifty-two week low of $2.86 and a fifty-two week high of $8.80. The stock has a 50-day simple moving average of $5.64 and a two-hundred day simple moving average of $4.49.

Tronox Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Monday, February 23rd will be given a $0.05 dividend. The ex-dividend date of this dividend is Monday, February 23rd. This represents a $0.20 annualized dividend and a dividend yield of 2.6%. Tronox’s dividend payout ratio (DPR) is currently -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.