Maple Rock Capital Partners Inc. boosted its stake in Tronox Ltd (OTCMKTS:TROX) by 2.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,434,900 shares of the basic materials company’s stock after purchasing an additional 31,600 shares during the quarter. Tronox comprises about 9.8% of Maple Rock Capital Partners Inc.’s holdings, making the stock its 3rd biggest position. Maple Rock Capital Partners Inc.’s holdings in Tronox were worth $29,430,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently bought and sold shares of the business. Public Employees Retirement Association of Colorado acquired a new position in shares of Tronox during the fourth quarter valued at about $142,000. Bourgeon Capital Management LLC acquired a new position in shares of Tronox during the fourth quarter valued at about $365,000. Teacher Retirement System of Texas acquired a new position in shares of Tronox during the fourth quarter valued at about $615,000. Swiss National Bank grew its holdings in shares of Tronox by 34.3% during the fourth quarter. Swiss National Bank now owns 148,800 shares of the basic materials company’s stock valued at $3,052,000 after buying an additional 38,000 shares during the last quarter. Finally, Messner & Smith Theme Value Investment Management Ltd. CA grew its holdings in shares of Tronox by 219.7% during the fourth quarter. Messner & Smith Theme Value Investment Management Ltd. CA now owns 43,609 shares of the basic materials company’s stock valued at $895,000 after buying an additional 29,970 shares during the last quarter.
A number of research analysts recently weighed in on the stock. UBS Group dropped their price target on shares of Tronox from $19.00 to $18.00 and set a “sell” rating on the stock in a research report on Friday, March 2nd. Wells Fargo & Co assumed coverage on shares of Tronox in a research report on Wednesday, February 7th. They set an “outperform” rating and a $28.00 price target on the stock. Alembic Global Advisors reissued a “buy” rating and set a $35.00 price target on shares of Tronox in a research report on Monday, November 20th. JPMorgan Chase & Co. dropped their price target on shares of Tronox to $22.00 and set an “overweight” rating on the stock in a research report on Thursday, January 25th. Finally, Zacks Investment Research lowered shares of Tronox from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 11th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $24.83.
Tronox (OTCMKTS:TROX) last released its quarterly earnings results on Thursday, March 1st. The basic materials company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.06. The firm had revenue of $464.00 million for the quarter, compared to the consensus estimate of $428.22 million. During the same period in the previous year, the business earned ($0.14) earnings per share. The firm’s revenue for the quarter was up 31.8% on a year-over-year basis.
The company also recently declared a quarterly dividend, which will be paid on Monday, March 26th. Investors of record on Monday, March 12th will be given a dividend of $0.045 per share. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend is Friday, March 9th.
Tronox Company Profile
Tronox Limited is engaged in production and marketing of titanium bearing mineral sands and titanium dioxide pigment (TiO2). The Company’s TiO2 products are critical components of everyday applications, such as coatings, plastics, paper and other applications. The Company’s mineral sands business consists primarily of two product streams: titanium feedstock and zircon.
Want to see what other hedge funds are holding TROX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tronox Ltd (OTCMKTS:TROX).
Receive News & Ratings for Tronox Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tronox and related companies with MarketBeat.com's FREE daily email newsletter.