Y Intercept Hong Kong Ltd Sells 87,026 Shares of Tronox Holdings PLC $TROX

Y Intercept Hong Kong Ltd lessened its holdings in shares of Tronox Holdings PLC (NYSE:TROX) by 82.5% during the 1st quarter, HoldingsChannel reports. The fund owned 18,453 shares of the company’s stock after selling 87,026 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Tronox were worth $180,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. PNC Financial Services Group Inc. raised its holdings in Tronox by 292.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 8,715 shares of the company’s stock worth $36,000 after purchasing an additional 6,493 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in Tronox during the third quarter valued at about $37,000. Headlands Technologies LLC bought a new stake in Tronox during the second quarter valued at about $38,000. Westview Management dba Westview Investment Advisors purchased a new stake in Tronox in the fourth quarter worth about $42,000. Finally, Aigen Investment Management LP purchased a new stake in Tronox in the fourth quarter worth about $43,000. Hedge funds and other institutional investors own 73.36% of the company’s stock.

Tronox Price Performance

NYSE:TROX opened at $6.08 on Thursday. The company has a quick ratio of 0.66, a current ratio of 2.42 and a debt-to-equity ratio of 2.36. The business’s 50-day simple moving average is $7.37 and its two-hundred day simple moving average is $7.43. The stock has a market cap of $970.70 million, a PE ratio of -2.08 and a beta of 0.80. Tronox Holdings PLC has a 52 week low of $2.86 and a 52 week high of $10.59.

Tronox (NYSE:TROX) last released its quarterly earnings data on Wednesday, May 6th. The company reported ($0.55) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.07). The business had revenue of $760.00 million during the quarter, compared to the consensus estimate of $751.38 million. Tronox had a negative return on equity of 19.93% and a negative net margin of 15.82%.The business’s revenue was up 3.0% on a year-over-year basis. During the same period last year, the company earned ($0.15) EPS. As a group, analysts forecast that Tronox Holdings PLC will post -1.19 EPS for the current fiscal year.

Tronox Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 8th. Investors of record on Monday, May 11th were issued a $0.05 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $0.20 dividend on an annualized basis and a yield of 3.3%. Tronox’s payout ratio is currently -6.85%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. UBS Group lifted 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. The Goldman Sachs Group lowered shares of Tronox from a “buy” rating to a “sell” rating and set a $9.00 target price for the company. in a report on Tuesday, May 12th. Mizuho raised their target price on shares of Tronox from $4.50 to $5.00 and gave the stock an “underperform” rating in a research note on Monday, March 23rd. Wall Street Zen downgraded shares of Tronox from a “hold” rating to a “sell” rating in a report on Saturday, June 6th. Finally, Deutsche Bank Aktiengesellschaft set a $10.00 price target on shares of Tronox in a report on Wednesday, May 20th. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $7.14.

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.