Tronox Holdings plc (NYSE:TROX) Position Increased by Empowered Funds LLC

Empowered Funds LLC grew its holdings in shares of Tronox Holdings plc (NYSE:TROX) by 5.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 728,282 shares of the company’s stock after purchasing an additional 35,495 shares during the period. Empowered Funds LLC’s holdings in Tronox were worth $7,334,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of TROX. FMR LLC grew its position in shares of Tronox by 4.7% during the 3rd quarter. FMR LLC now owns 23,805,227 shares of the company’s stock valued at $348,270,000 after buying an additional 1,073,674 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in Tronox by 0.6% in the third quarter. Thrivent Financial for Lutherans now owns 4,321,485 shares of the company’s stock valued at $63,223,000 after acquiring an additional 23,686 shares during the period. Geode Capital Management LLC grew its holdings in shares of Tronox by 0.8% during the third quarter. Geode Capital Management LLC now owns 2,713,606 shares of the company’s stock valued at $39,708,000 after purchasing an additional 22,165 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Tronox by 5.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,212,221 shares of the company’s stock worth $32,365,000 after purchasing an additional 112,010 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in shares of Tronox by 54.6% in the 3rd quarter. Victory Capital Management Inc. now owns 1,537,723 shares of the company’s stock worth $22,497,000 after purchasing an additional 543,091 shares during the last quarter. 73.36% of the stock is currently owned by institutional investors.

Tronox Trading Down 1.6 %

Shares of NYSE:TROX opened at $9.75 on Tuesday. Tronox Holdings plc has a twelve month low of $8.73 and a twelve month high of $20.70. The company has a current ratio of 2.72, a quick ratio of 0.90 and a debt-to-equity ratio of 1.42. The firm has a market cap of $1.54 billion, a P/E ratio of -20.31 and a beta of 1.60. The company has a 50 day moving average of $10.26 and a 200-day moving average of $12.14.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on TROX shares. Barclays lowered their price objective on Tronox from $18.00 to $16.00 and set an “overweight” rating for the company in a research note on Monday, October 28th. BMO Capital Markets dropped their price objective on shares of Tronox from $21.00 to $17.00 and set an “outperform” rating on the stock in a report on Tuesday, October 29th. Truist Financial began coverage on shares of Tronox in a research report on Tuesday, January 28th. They issued a “buy” rating and a $17.00 price objective on the stock. The Goldman Sachs Group decreased their target price on shares of Tronox from $15.00 to $13.00 and set a “buy” rating for the company in a research report on Tuesday, January 7th. Finally, Morgan Stanley cut their price target on Tronox from $16.00 to $12.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Tronox has a consensus rating of “Moderate Buy” and an average target price of $16.57.

Tronox Company Profile

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.