Wolf Hill Capital Management LP Trims Position in Tronox Holdings PLC $TROX

Wolf Hill Capital Management LP cut its holdings in shares of Tronox Holdings PLC (NYSE:TROX) by 77.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 254,652 shares of the company’s stock after selling 899,456 shares during the period. Tronox accounts for 0.1% of Wolf Hill Capital Management LP’s portfolio, making the stock its 21st biggest position. Wolf Hill Capital Management LP owned approximately 0.16% of Tronox worth $1,062,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in TROX. AQR Capital Management LLC bought a new stake in shares of Tronox during the first quarter valued at approximately $1,188,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Tronox by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 70,574 shares of the company’s stock valued at $497,000 after purchasing an additional 3,042 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of 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 purchasing an additional 41,092 shares in the last quarter. Jane Street Group LLC boosted its position in shares of Tronox by 93.2% during the first quarter. Jane Street Group LLC now owns 118,637 shares of the company’s stock valued at $835,000 after purchasing an additional 57,237 shares in the last quarter. Finally, Prudential Financial Inc. bought a new stake in shares of Tronox during the second quarter valued at approximately $79,000. 73.36% of the stock is owned by hedge funds and other institutional investors.

Tronox Trading Up 0.2%

Tronox stock opened at $8.04 on Monday. The company has a current ratio of 2.42, a quick ratio of 0.66 and a debt-to-equity ratio of 2.36. The business’s fifty day simple moving average is $8.70 and its two-hundred day simple moving average is $7.03. Tronox Holdings PLC has a 12 month low of $2.86 and a 12 month high of $10.59. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of -2.75 and a beta of 0.76.

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

Tronox Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders of record on Monday, May 11th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Monday, May 11th. Tronox’s payout ratio is -6.85%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TROX. BMO Capital Markets restated a “market perform” rating on shares of Tronox in a research report on Friday, February 20th. Truist Financial upgraded Tronox from a “sell” rating to a “hold” rating and set a $7.00 price target on the stock in a research report on Thursday. The Goldman Sachs Group lowered Tronox from a “buy” rating to a “sell” rating and set a $9.00 price target on the stock. in a research report on Tuesday, May 12th. Weiss Ratings lowered Tronox from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday, May 11th. Finally, UBS Group lifted their price target on Tronox from $7.50 to $9.00 and gave the company a “neutral” rating in a research report on Thursday, April 9th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Tronox currently has an average rating of “Reduce” and an average target price of $6.63.

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.