Tronox Ltd (NYSE:TROX) was the recipient of some unusual options trading on Tuesday. Investors purchased 10,992 call options on the company. This is an increase of 2,662% compared to the average volume of 398 call options.
Tronox stock opened at $10.71 on Thursday. The company has a quick ratio of 6.15, a current ratio of 7.53 and a debt-to-equity ratio of 3.58. The stock has a market cap of $1.10 billion, a PE ratio of -39.67 and a beta of 2.87. Tronox has a 1-year low of $6.46 and a 1-year high of $21.68.
A number of research analysts have recently issued reports on the company. UBS Group set a $10.00 price objective on Tronox and gave the company a “sell” rating in a research note on Thursday, December 6th. Alembic Global Advisors reaffirmed a “buy” rating on shares of Tronox in a research note on Monday, December 17th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. Tronox has a consensus rating of “Hold” and an average price target of $21.88.
Several institutional investors have recently bought and sold shares of TROX. Vanguard Group Inc boosted its holdings in shares of Tronox by 0.3% during the third quarter. Vanguard Group Inc now owns 8,318,340 shares of the company’s stock worth $99,404,000 after purchasing an additional 27,035 shares during the period. Marshall Wace LLP purchased a new stake in shares of Tronox during the third quarter worth about $2,435,000. Legal & General Group Plc boosted its holdings in shares of Tronox by 8.9% during the third quarter. Legal & General Group Plc now owns 36,860 shares of the company’s stock worth $440,000 after purchasing an additional 2,998 shares during the period. Nordea Investment Management AB purchased a new stake in shares of Tronox during the third quarter worth about $3,727,000. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of Tronox during the fourth quarter worth about $1,114,000. Institutional investors own 70.16% of the company’s stock.
TRADEMARK VIOLATION NOTICE: “Traders Purchase High Volume of Tronox Call Options (TROX)” was published by Markets Daily and is owned by of Markets Daily. If you are viewing this report on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright legislation. The original version of this report can be accessed at https://www.themarketsdaily.com/2019/02/14/traders-purchase-high-volume-of-tronox-call-options-trox.html.
Tronox Limited produces and markets titanium bearing mineral sands and titanium dioxide (TiO2) pigment in North America, Europe, South Africa, and the Asia-Pacific region. The company engages in the exploration, mining, and beneficiation of mineral sands deposits. It also produces titanium feedstock, including chloride slag, slag fines, rutile, synthetic rutile, leucoxene, titanium slag, and ilmenite, as well as pig iron and zircon; and suplies and markets TiO2 under the TRONOX brand name, which is used in the manufacture of paint and other coatings, and plastics and paper, as well as in various other applications comprising inks, fibers, rubber, food, cosmetics, and pharmaceuticals.
See Also: Is the QQQ ETF safe?
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.