Invenomic Capital Management LP Purchases 922,453 Shares of Tronox Holdings PLC $TROX

Invenomic Capital Management LP grew its holdings in Tronox Holdings PLC (NYSE:TROX) by 72.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,203,876 shares of the company’s stock after acquiring an additional 922,453 shares during the quarter. Invenomic Capital Management LP’s holdings in Tronox were worth $8,860,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Headlands Technologies LLC bought a new stake in shares of Tronox in the second quarter valued at approximately $38,000. Equitable Holdings Inc. acquired a new position in Tronox in the 3rd quarter valued at $51,000. Jefferies Financial Group Inc. acquired a new position in Tronox in the 2nd quarter valued at $66,000. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Tronox during the 3rd quarter valued at $67,000. Finally, Prudential Financial Inc. acquired a new stake in shares of Tronox during the 2nd quarter worth $79,000. 73.36% of the stock is owned by institutional investors.

Tronox Price Performance

Tronox stock opened at $6.99 on Monday. The stock has a 50-day moving average price of $6.68 and a two-hundred day moving average price of $4.95. Tronox Holdings PLC has a 12 month low of $2.86 and a 12 month high of $8.80. The company has a market capitalization of $1.11 billion, a PE ratio of -2.35 and a beta of 1.11. The company has a current ratio of 2.46, a quick ratio of 0.67 and a debt-to-equity ratio of 2.16.

Tronox (NYSE:TROX) last posted its earnings results on Wednesday, February 18th. The company reported ($0.60) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.43) by ($0.17). The business had revenue of $730.00 million for the quarter, compared to the consensus estimate of $730.22 million. Tronox had a negative return on equity of 14.75% and a negative net margin of 16.22%.The company’s revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.03 earnings per share. Analysts expect that Tronox Holdings PLC will post 0.49 EPS for the current year.

Tronox Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Monday, February 23rd will be issued a dividend of $0.05 per share. The ex-dividend date is Monday, February 23rd. This represents a $0.20 annualized dividend and a yield of 2.9%. Tronox’s dividend payout ratio (DPR) is presently -6.73%.

Insider Transactions at Tronox

In other Tronox news, CEO John D. Romano sold 101,600 shares of the stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $6.59, for a total transaction of $669,544.00. Following the completion of the sale, the chief executive officer directly owned 1,473,740 shares in the company, valued at approximately $9,711,946.60. This trade represents a 6.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Jeffrey A. Engle sold 14,575 shares of the company’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $6.60, for a total value of $96,195.00. Following the sale, the senior vice president owned 175,251 shares in the company, valued at approximately $1,156,656.60. The trade was a 7.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 172,711 shares of company stock worth $1,145,137. Company insiders own 1.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on TROX shares. UBS Group raised their price target on Tronox from $5.25 to $7.50 and gave the stock a “neutral” rating in a research report on Thursday, February 26th. The Goldman Sachs Group boosted their target price on shares of Tronox from $5.50 to $7.50 and gave the company a “buy” rating in a research report on Thursday, January 29th. Weiss Ratings reissued a “sell (d)” rating on shares of Tronox in a research note on Wednesday, January 21st. Truist Financial upped their target price on Tronox from $7.00 to $8.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Finally, Mizuho lifted their price target on Tronox from $4.00 to $4.50 and gave the company an “underperform” rating in a research note on Thursday, March 5th. Five analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $6.35.

About Tronox

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.