Boulder Hill Capital Management LP Makes New $210,000 Investment in Tronox Holdings plc (NYSE:TROX)

Boulder Hill Capital Management LP bought a new position in Tronox Holdings plc (NYSE:TROXFree Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 14,800 shares of the company’s stock, valued at approximately $210,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Primecap Management Co. CA grew its stake in shares of Tronox by 7.9% during the 4th quarter. Primecap Management Co. CA now owns 1,234,700 shares of the company’s stock valued at $17,483,000 after buying an additional 90,500 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Tronox by 7.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,951,090 shares of the company’s stock worth $27,627,000 after purchasing an additional 127,718 shares during the period. Franklin Resources Inc. boosted its position in Tronox by 16.5% during the 4th quarter. Franklin Resources Inc. now owns 6,185,221 shares of the company’s stock worth $87,583,000 after purchasing an additional 876,192 shares during the period. Massachusetts Financial Services Co. MA boosted its position in Tronox by 42.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,210,243 shares of the company’s stock worth $16,266,000 after purchasing an additional 361,727 shares during the period. Finally, Deutsche Bank AG boosted its position in Tronox by 2.5% during the 3rd quarter. Deutsche Bank AG now owns 132,869 shares of the company’s stock worth $1,786,000 after purchasing an additional 3,238 shares during the period. 73.36% of the stock is owned by hedge funds and other institutional investors.

Tronox Stock Performance

Shares of NYSE:TROX traded up $0.08 during trading on Friday, reaching $19.81. 1,162,626 shares of the company’s stock traded hands, compared to its average volume of 905,842. The company has a debt-to-equity ratio of 1.44, a current ratio of 3.12 and a quick ratio of 1.09. Tronox Holdings plc has a 12 month low of $10.08 and a 12 month high of $19.98. The company has a 50 day moving average of $17.96 and a 200-day moving average of $15.35. The stock has a market capitalization of $3.13 billion, a P/E ratio of -8.88, a price-to-earnings-growth ratio of 22.59 and a beta of 1.91.

Tronox (NYSE:TROXGet Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.06). Tronox had a negative net margin of 11.93% and a negative return on equity of 2.74%. The business had revenue of $774.00 million for the quarter, compared to the consensus estimate of $753.98 million. During the same period in the prior year, the company earned $0.15 EPS. Tronox’s quarterly revenue was up 9.3% on a year-over-year basis. On average, equities analysts expect that Tronox Holdings plc will post 0.71 EPS for the current year.

Tronox Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Monday, May 20th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.52%. The ex-dividend date of this dividend is Friday, May 17th. Tronox’s dividend payout ratio (DPR) is -22.42%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TROX. StockNews.com upgraded shares of Tronox from a “sell” rating to a “hold” rating in a report on Monday, May 13th. BMO Capital Markets upped their target price on shares of Tronox from $19.00 to $24.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. Barclays upped their target price on shares of Tronox from $17.00 to $22.00 and gave the company an “overweight” rating in a research note on Wednesday, May 15th. Finally, The Goldman Sachs Group upped their target price on shares of Tronox from $17.00 to $22.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $17.43.

View Our Latest Stock Report on TROX

About Tronox

(Free Report)

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.

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Institutional Ownership by Quarter for Tronox (NYSE:TROX)

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