Traders Purchase High Volume of Tronox Call Options (TROX)

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.

In related news, CFO Timothy C. Carlson acquired 21,000 shares of Tronox stock in a transaction dated Tuesday, December 11th. The shares were purchased at an average cost of $7.15 per share, with a total value of $150,150.00. Following the completion of the purchase, the chief financial officer now owns 104,021 shares of the company’s stock, valued at $743,750.15. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Jeffry N. Quinn acquired 25,000 shares of Tronox stock in a transaction dated Monday, December 10th. The shares were bought at an average cost of $7.21 per share, for a total transaction of $180,250.00. Following the completion of the purchase, the chief executive officer now directly owns 171,931 shares of the company’s stock, valued at approximately $1,239,622.51. The disclosure for this purchase can be found here. Insiders have bought 49,800 shares of company stock worth $358,672 over the last ninety days. Insiders own 1.20% of the company’s stock.

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.

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About Tronox

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.

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