Monaco Asset Management SAM Makes New $2.38 Million Investment in Tronox Holdings PLC $TROX

Monaco Asset Management SAM bought a new position in Tronox Holdings PLC (NYSE:TROX) during the fourth quarter, HoldingsChannel.com reports. The fund bought 571,253 shares of the company’s stock, valued at approximately $2,382,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. PNC Financial Services Group Inc. increased its stake in Tronox by 292.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 8,715 shares of the company’s stock worth $36,000 after purchasing an additional 6,493 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in Tronox in the third quarter worth $37,000. Headlands Technologies LLC purchased a new stake in Tronox in the second quarter worth $38,000. Westview Management dba Westview Investment Advisors purchased a new stake in Tronox in the fourth quarter worth $42,000. Finally, Pacific Sage Partners LLC purchased a new stake in Tronox in the fourth quarter worth $46,000. Hedge funds and other institutional investors own 73.36% of the company’s stock.

Tronox Price Performance

Shares of TROX stock opened at $7.92 on Monday. Tronox Holdings PLC has a 1-year low of $2.86 and a 1-year high of $10.59. The stock’s 50-day moving average is $8.87 and its 200 day moving average is $6.72. The company has a market cap of $1.26 billion, a P/E ratio of -2.71 and a beta of 0.76. The company has a debt-to-equity ratio of 2.36, a current ratio of 2.42 and a quick ratio of 0.66.

Tronox (NYSE:TROX) last issued its quarterly earnings data on Wednesday, May 6th. The company reported ($0.55) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.07). Tronox had a negative net margin of 15.82% and a negative return on equity of 19.93%. The company had revenue of $760.00 million for the quarter, compared to the consensus estimate of $751.38 million. During the same period in the previous year, the business earned ($0.15) EPS. Tronox’s revenue for the quarter was up 3.0% compared to the same quarter last year. Research analysts predict that Tronox Holdings PLC will post -1.17 earnings per share for the current fiscal year.

Tronox Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 8th. Investors of record on Monday, May 11th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, May 11th. This represents a $0.20 dividend on an annualized basis and a yield of 2.5%. Tronox’s dividend payout ratio (DPR) is presently -6.85%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on TROX shares. Zacks Research upgraded Tronox from a “strong sell” rating to a “hold” rating in a research note on Monday, March 2nd. Wall Street Zen upgraded Tronox from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. Deutsche Bank Aktiengesellschaft set a $10.00 price target on Tronox in a research note on Wednesday, May 20th. Mizuho raised their price target on Tronox from $4.50 to $5.00 and gave the company an “underperform” rating in a research note on Monday, March 23rd. Finally, BMO Capital Markets restated a “market perform” rating on shares of Tronox in a research note on Friday, February 20th. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Reduce” and an average price target of $6.63.

Insider Activity at Tronox

In related news, SVP Jeffrey A. Engle sold 14,575 shares of the firm’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $6.60, for a total transaction of $96,195.00. Following the sale, the senior vice president owned 175,251 shares of the company’s stock, valued at $1,156,656.60. This trade represents a 7.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jean Francois Turgeon sold 18,563 shares of the firm’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $6.60, for a total value of $122,515.80. Following the sale, the director directly owned 754,009 shares in the company, valued at approximately $4,976,459.40. The trade was a 2.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 172,711 shares of company stock valued at $1,145,137 over the last 90 days. Company insiders own 2.00% of the company’s stock.

Tronox Company Profile

Tronox Holdings plc is a vertically integrated global producer of titanium dioxide (TiO₂) pigment and specialty materials. The company’s operations encompass the full supply chain for TiO₂, from mining and processing titanium-bearing ores—such as ilmenite and rutile—to the production of high-purity pigment for use in paints, coatings, plastics, paper and other industrial applications. In addition to TiO₂, Tronox’s product portfolio includes zircon, rare earth byproducts and other specialty minerals that serve a range of industrial markets.

Tronox operates a network of mines, processing facilities and pigment plants located across North America, Europe, the Middle East, Australia and South Africa.