Mount Yale Investment Advisors LLC Invests $283,000 in Tronox Holdings plc (NYSE:TROX)

On October 28, 2024, it was reported that Mount Yale Investment Advisors LLC made a significant investment in Tronox Holdings plc (NYSE:TROX) during the third quarter of the year. According to their latest filing with the Securities and Exchange Commission (SEC), the institutional investor acquired a new position by purchasing 19,375 shares of the company, amounting to approximately $283,000.

Other institutional investors have also been active with shares of Tronox. For instance, Allspring Global Investments Holdings LLC increased its holdings in Tronox by 9.2% in the first quarter, acquiring 10,232 shares which are valued now at $178,000 after buying an additional 861 shares in the latest quarter. Meanwhile, Van ECK Associates Corp saw an even larger growth in its stake, raising its position in Tronox by 14.3%, resulting in ownership of 1,119,037 shares worth $19.4 million after an additional purchase of 139,956 shares.

Empowered Funds LLC also raised its stake by 8.3% in the first quarter, owning 609,961 shares valued at about $10.6 million following a purchase of an additional 46,563 shares. SG Americas Securities LLC entered the market with a new investment in Tronox valued at around $124,000. ProShare Advisors LLC also lifted its position by 8.5%, holding now 21,049 shares worth $365,000 after acquiring 1,657 extra shares in the past quarter. Currently, institutional investors control 73.36% of Tronox's stock.

Tronox Stock Down 7.7%

As of Monday, October 28, Tronox shares were trading at $12.41, showing a decrease of 7.7%. The company's 50-day moving average price currently stands at $13.50, while the 200-day moving average price is at $15.88. Over the past year, Tronox has seen a low of $10.08 and a high of $20.70. The company has a market capitalization of approximately $1.96 billion, a P/E ratio of -5.57, and a beta of 1.64, indicating some volatility. Moreover, Tronox has a debt-to-equity ratio of 1.44, with a current ratio of 2.98 and a quick ratio of 1.08.

Recently, on October 24, Tronox announced its earnings for the quarter, reporting earnings per share of ($0.13), which did not meet analysts' expectations of $0.17 by a significant margin of ($0.30). The company had a negative return on equity of 3.40% and a negative net margin of 2.14%. In terms of revenue, Tronox brought in $804 million for the quarter, exceeding the consensus estimate of $790.63 million. This marked an increase of 21.5% compared to the same quarter the previous year, with analysts predicting an EPS of 0.39 for the current fiscal year.

Tronox Dividend Announcement

In addition, Tronox recently declared a quarterly dividend, which shareholders received on September 27. Shareholders on record as of August 26 were issued a dividend of $0.125 per share, summing up to an annualized dividend of $0.50, yielding 4.03%. It's worth noting that Tronox's payout ratio is currently at -22.42%.

Wall Street Analysts Forecast Growth

Analysts have recently weighed in on Tronox, with StockNews.com upgrading its stock rating from a "sell" to a "hold" on August 5. The Goldman Sachs Group revised its price target for Tronox from $18.00 down to $16.00 while maintaining a “buy” rating. UBS Group enhanced Tronox's position from “neutral” to “buy”, increasing its target price from $17.00 to $19.00. Meanwhile, BMO Capital Markets reduced its target from $22.00 to $21.00 but also rated the stock as “outperform”. Barclays cut their target to $18.00, designating it as “overweight”. At present, two analysts maintain a hold rating while four analysts have recommended the stock as a buy, giving Tronox an average rating of “Moderate Buy” with a price target of $19.20 based on MarketBeat data.

About Tronox

Tronox Holdings plc is a vertically integrated manufacturer of titanium dioxide (TiO2) pigment, operating across North America, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. The company is involved in mining titanium-bearing mineral sands and operates various refining and processing facilities. They provide a range of products, including TiO2 pigment, specialty TiO2, zircon, feedstock, and pig iron, among others.

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