Tronox Holdings PLC $TROX Stock Position Increased by Collar Capital Management LLC

by · The Cerbat Gem

Collar Capital Management LLC increased its position in Tronox Holdings PLC (NYSE:TROX – Free Report) by 91.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 386,780 shares of the company’s stock after buying an additional 185,035 shares during the quarter. Collar Capital Management LLC’s holdings in Tronox were worth $1,555,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Primecap Management Co. CA raised its position in Tronox by 192.2% in the second quarter. Primecap Management Co. CA now owns 4,252,502 shares of the company’s stock worth $21,560,000 after acquiring an additional 2,797,002 shares in the last quarter. Qube Research & Technologies Ltd grew its stake in shares of Tronox by 355.4% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,650,069 shares of the company’s stock worth $8,366,000 after purchasing an additional 1,287,755 shares during the last quarter. Marshall Wace LLP raised its holdings in shares of Tronox by 97.4% in the 2nd quarter. Marshall Wace LLP now owns 2,587,831 shares of the company’s stock worth $13,120,000 after purchasing an additional 1,277,175 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Tronox during the first quarter valued at approximately $6,765,000. Finally, Jump Financial LLC lifted its stake in Tronox by 682.6% during the second quarter. Jump Financial LLC now owns 1,043,829 shares of the company’s stock valued at $5,292,000 after purchasing an additional 910,442 shares during the last quarter. Institutional investors own 73.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on TROX. Alembic Global Advisors restated an “overweight” rating and issued a $6.00 price target on shares of Tronox in a research report on Monday, September 15th. Truist Financial decreased their target price on Tronox from $6.00 to $5.00 and set a “buy” rating on the stock in a report on Monday, October 20th. UBS Group cut their target price on Tronox from $3.90 to $3.80 and set a “neutral” rating on the stock in a research report on Tuesday, November 11th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Tronox in a report on Friday, October 3rd. Finally, The Goldman Sachs Group lifted their price target on Tronox from $4.25 to $5.50 and gave the stock a “buy” rating in a research note on Tuesday, December 16th. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Tronox currently has a consensus rating of “Hold” and an average target price of $5.18.

Read Our Latest Stock Analysis on TROX

Tronox Price Performance

TROX opened at $4.26 on Friday. The stock has a fifty day moving average of $3.79 and a 200-day moving average of $4.36. The firm has a market capitalization of $675.42 million, a P/E ratio of -2.08 and a beta of 1.19. Tronox Holdings PLC has a 12-month low of $2.86 and a 12-month high of $10.60. 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 (NYSE:TROX – Get Free Report) last issued its quarterly earnings results on Thursday, November 6th. The company reported ($0.46) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.25). The business had revenue of $699.00 million for the quarter, compared to analysts’ expectations of $776.21 million. Tronox had a negative net margin of 11.39% and a negative return on equity of 8.10%. The business’s quarterly revenue was down 13.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.13) EPS. Equities analysts forecast that Tronox Holdings PLC will post 0.49 EPS for the current fiscal year.

Tronox Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Monday, November 10th will be issued a $0.05 dividend. The ex-dividend date is Monday, November 10th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 4.7%. Tronox’s dividend payout ratio is currently -9.76%.

Tronox Profile

(Free Report)

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.

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