PDT Partners LLC Lowers Holdings in Tronox Ltd (TROX)
PDT Partners LLC lessened its position in shares of Tronox Ltd (NASDAQ:TROX) by 0.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 148,200 shares of the company’s stock after selling 1,206 shares during the period. PDT Partners LLC owned about 0.12% of Tronox worth $2,241,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Voya Investment Management LLC raised its holdings in shares of Tronox by 11.3% in the second quarter. Voya Investment Management LLC now owns 30,097 shares of the company’s stock valued at $455,000 after purchasing an additional 3,063 shares during the last quarter. Quantbot Technologies LP lifted its position in shares of Tronox by 669.1% in the second quarter. Quantbot Technologies LP now owns 60,367 shares of the company’s stock worth $912,000 after purchasing an additional 52,518 shares in the last quarter. Stifel Financial Corp lifted its position in shares of Tronox by 6.0% in the second quarter. Stifel Financial Corp now owns 77,375 shares of the company’s stock worth $1,179,000 after purchasing an additional 4,400 shares in the last quarter. Northern Trust Corp lifted its position in shares of Tronox by 2.3% in the second quarter. Northern Trust Corp now owns 749,160 shares of the company’s stock worth $11,328,000 after purchasing an additional 17,114 shares in the last quarter. Finally, Fine Capital Partners L.P. lifted its position in shares of Tronox by 19.8% in the second quarter. Fine Capital Partners L.P. now owns 4,526,988 shares of the company’s stock worth $68,448,000 after purchasing an additional 749,410 shares in the last quarter.
Several research analysts recently commented on TROX shares. UBS AG restated a “sell” rating and set a $14.00 target price (down previously from $15.00) on shares of Tronox in a report on Wednesday, June 14th. BidaskClub raised shares of Tronox from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, September 13th.
In other news, SVP Jogita Khilnani sold 5,000 shares of Tronox stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $20.78, for a total transaction of $103,900.00. Following the completion of the transaction, the senior vice president now directly owns 29,405 shares in the company, valued at $611,035.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Timothy C. Carlson acquired 25,000 shares of Tronox stock in a transaction dated Thursday, August 17th. The shares were acquired at an average price of $18.84 per share, with a total value of $471,000.00. Following the completion of the acquisition, the director now directly owns 61,585 shares of the company’s stock, valued at $1,160,261.40. The disclosure for this purchase can be found here.
Shares of Tronox Ltd (NASDAQ TROX) opened at 22.90 on Wednesday. The company has a market capitalization of $2.72 billion and a PE ratio of 57.39. The firm’s 50-day moving average is $21.20 and its 200 day moving average is $17.95. Tronox Ltd has a 12 month low of $7.40 and a 12 month high of $23.52.
Tronox (NASDAQ:TROX) last announced its quarterly earnings results on Tuesday, August 8th. The company reported $0.09 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.07) by $0.16. The business had revenue of $622.00 million for the quarter, compared to the consensus estimate of $601.55 million. During the same quarter last year, the firm posted ($0.43) EPS. The business’s revenue for the quarter was up 15.6% compared to the same quarter last year. Equities research analysts predict that Tronox Ltd will post $0.01 EPS for the current year.
Tronox Limited produces and markets titanium bearing mineral sands and titanium dioxide (TiO2) pigment in North America, Europe, South Africa, and the Asia-Pacific region. It primarily operates in two segments, TiO2 and Alkali. The TiO2 segment engages in the exploration, mining, and beneficiation of mineral sands deposits.
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