Denali Advisors LLC Has $837,000 Stake in Kronos Worldwide, Inc. (NYSE:KRO)

Denali Advisors LLC lowered its stake in Kronos Worldwide, Inc. (NYSE:KRO) by 17.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 66,700 shares of the specialty chemicals company’s stock after selling 14,000 shares during the quarter. Denali Advisors LLC’s holdings in Kronos Worldwide were worth $837,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its stake in shares of Kronos Worldwide by 3.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,937,071 shares of the specialty chemicals company’s stock valued at $36,860,000 after acquiring an additional 103,988 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Kronos Worldwide by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 2,211,644 shares of the specialty chemicals company’s stock valued at $26,097,000 after acquiring an additional 5,884 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Kronos Worldwide by 1.3% in the 2nd quarter. Renaissance Technologies LLC now owns 660,500 shares of the specialty chemicals company’s stock valued at $8,289,000 after acquiring an additional 8,400 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Kronos Worldwide by 25.9% in the 2nd quarter. American Century Companies Inc. now owns 187,944 shares of the specialty chemicals company’s stock valued at $2,359,000 after acquiring an additional 38,647 shares in the last quarter. Finally, Los Angeles Capital Management LLC increased its stake in shares of Kronos Worldwide by 99.9% in the 2nd quarter. Los Angeles Capital Management LLC now owns 162,680 shares of the specialty chemicals company’s stock valued at $2,042,000 after acquiring an additional 81,303 shares in the last quarter. Institutional investors own 15.11% of the company’s stock.

Kronos Worldwide Stock Performance

Shares of KRO stock opened at $11.23 on Tuesday. The company has a current ratio of 3.61, a quick ratio of 1.98 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $1.29 billion, a PE ratio of -48.83 and a beta of 1.15. The firm has a fifty day simple moving average of $11.41 and a two-hundred day simple moving average of $11.96. Kronos Worldwide, Inc. has a 12 month low of $6.16 and a 12 month high of $14.50.

Kronos Worldwide (NYSE:KRO) last posted its quarterly earnings data on Wednesday, August 7th. The specialty chemicals company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.04). The firm had revenue of $500.50 million for the quarter, compared to analysts’ expectations of $504.19 million. Kronos Worldwide had a return on equity of 0.24% and a net margin of 0.11%. Analysts forecast that Kronos Worldwide, Inc. will post 0.88 EPS for the current fiscal year.

Kronos Worldwide Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 19th. Shareholders of record on Friday, September 6th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date is Friday, September 6th. Kronos Worldwide’s dividend payout ratio is -86.96%.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Kronos Worldwide from $12.00 to $15.00 and gave the company a “buy” rating in a research note on Tuesday, May 28th. Two investment analysts have rated the stock with a sell rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $11.67.

Kronos Worldwide Profile

Kronos Worldwide, Inc produces and markets titanium dioxide pigments (TiO2) in Europe, North America, the Asia Pacific, and internationally. The company produces TiO2 in two crystalline forms, rutile and anatase to impart whiteness, brightness, opacity, and durability for various products, including paints, coatings, plastics, paper, fibers, and ceramics, as well as for various specialty products, such as inks, foods, and cosmetics.