Empowered Funds LLC Buys 35,342 Shares of Tronox Holdings plc (NYSE:TROX)

Empowered Funds LLC increased its position in shares of Tronox Holdings plc (NYSE:TROX) by 5.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 692,787 shares of the company’s stock after purchasing an additional 35,342 shares during the quarter. Empowered Funds LLC owned 0.44% of Tronox worth $10,135,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. bought a new position in Tronox in the second quarter valued at approximately $76,000. Headlands Technologies LLC acquired a new position in shares of Tronox during the 2nd quarter worth $83,000. SG Americas Securities LLC bought a new stake in shares of Tronox during the 1st quarter worth $124,000. nVerses Capital LLC acquired a new stake in Tronox in the second quarter valued at about $121,000. Finally, Allspring Global Investments Holdings LLC grew its position in Tronox by 9.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 10,232 shares of the company’s stock valued at $178,000 after acquiring an additional 861 shares during the last quarter. 73.36% of the stock is currently owned by institutional investors and hedge funds.

Tronox Trading Up 1.4 %

NYSE TROX opened at $11.03 on Friday. The firm has a market capitalization of $1.74 billion, a PE ratio of -22.98 and a beta of 1.66. The business’s 50-day moving average price is $12.97 and its two-hundred day moving average price is $15.38. The company has a current ratio of 2.72, a quick ratio of 0.90 and a debt-to-equity ratio of 1.42. Tronox Holdings plc has a 12 month low of $10.69 and a 12 month high of $20.70.

Tronox (NYSE:TROX) last announced its earnings results on Thursday, October 24th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.17 by ($0.30). The company had revenue of $804.00 million during the quarter, compared to the consensus estimate of $790.63 million. Tronox had a negative net margin of 2.40% and a negative return on equity of 3.91%. The business’s revenue was up 21.5% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.08) earnings per share. On average, analysts expect that Tronox Holdings plc will post -0.04 EPS for the current year.

Tronox Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 11th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 4.53%. The ex-dividend date of this dividend is Friday, November 8th. Tronox’s dividend payout ratio is presently -104.16%.

Analyst Ratings Changes

A number of research firms have recently commented on TROX. StockNews.com raised shares of Tronox from a “sell” rating to a “hold” rating in a report on Monday, August 5th. Barclays dropped their price objective on shares of Tronox from $18.00 to $16.00 and set an “overweight” rating for the company in a research note on Monday, October 28th. The Goldman Sachs Group decreased their target price on shares of Tronox from $18.00 to $16.00 and set a “buy” rating on the stock in a research note on Thursday, September 19th. UBS Group upgraded Tronox from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $17.00 to $19.00 in a research report on Thursday, October 10th. Finally, BMO Capital Markets cut their price target on Tronox from $21.00 to $17.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 29th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Tronox currently has a consensus rating of “Moderate Buy” and an average price target of $18.00.

About Tronox

Tronox Holdings plc operates as a vertically integrated manufacturer of TiO2 pigment in North America, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates titanium-bearing mineral sand mines; and engages in beneficiation and smelting operations. It offers TiO2 pigment; ultrafine specialty TiO2; zircon; feedstock; pig iron; monazite; titanium tetrachloride; and other products.