Harbor Capital Advisors Inc. Has $706,000 Position in Tronox Holdings plc (NYSE:TROX)

by · The Markets Daily

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Harbor Capital Advisors Inc. reduced its position in shares of Tronox Holdings plc (NYSE:TROX – Free Report) by 19.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 52,493 shares of the company’s stock after selling 12,692 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Tronox were worth $706,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in TROX. Covestor Ltd grew its holdings in shares of Tronox by 9.4% during the 2nd quarter. Covestor Ltd now owns 9,892 shares of the company’s stock valued at $126,000 after acquiring an additional 853 shares in the last quarter. Aurora Investment Counsel grew its holdings in shares of Tronox by 1.6% during the 2nd quarter. Aurora Investment Counsel now owns 56,739 shares of the company’s stock valued at $721,000 after acquiring an additional 907 shares in the last quarter. Vontobel Holding Ltd. grew its holdings in shares of Tronox by 3.6% during the 2nd quarter. Vontobel Holding Ltd. now owns 41,675 shares of the company’s stock valued at $530,000 after acquiring an additional 1,464 shares in the last quarter. ProShare Advisors LLC grew its holdings in shares of Tronox by 10.6% during the 2nd quarter. ProShare Advisors LLC now owns 15,237 shares of the company’s stock valued at $194,000 after acquiring an additional 1,466 shares in the last quarter. Finally, Swiss National Bank grew its holdings in shares of Tronox by 0.9% during the 2nd quarter. Swiss National Bank now owns 252,300 shares of the company’s stock valued at $3,207,000 after acquiring an additional 2,300 shares in the last quarter. 70.22% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. StockNews.com assumed coverage on shares of Tronox in a report on Thursday, October 5th. They set a “sell” rating on the stock. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $11.00 price objective (down from $16.00) on shares of Tronox in a report on Friday, October 27th. Barclays decreased their price objective on shares of Tronox from $15.00 to $14.00 and set an “overweight” rating for the company in a report on Monday, October 30th. UBS Group upped their price objective on shares of Tronox from $11.00 to $13.00 and gave the stock a “neutral” rating in a report on Thursday, December 14th. Finally, BMO Capital Markets upgraded shares of Tronox from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $11.00 to $18.00 in a report on Monday, December 18th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $14.57.

View Our Latest Stock Analysis on Tronox

Tronox Stock Down 2.3 %

TROX stock opened at $14.16 on Monday. The company has a 50-day moving average of $12.51 and a two-hundred day moving average of $12.81. Tronox Holdings plc has a 52-week low of $10.08 and a 52-week high of $17.61. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.10 and a current ratio of 3.32.

Tronox (NYSE:TROX – Get Free Report) last issued its quarterly earnings results on Wednesday, October 25th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.13). The business had revenue of $662.00 million during the quarter, compared to analyst estimates of $712.30 million. Tronox had a negative net margin of 9.78% and a positive return on equity of 0.40%. Equities analysts anticipate that Tronox Holdings plc will post 0.22 EPS for the current year.

Tronox Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Monday, November 13th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 3.53%. The ex-dividend date was Friday, November 10th. Tronox’s dividend payout ratio is currently -28.57%.

Tronox Profile

(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.

Further Reading

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