Other equities research analysts have also recently issued reports about the company. SunTrust Banks raised their price target on Tronox from $17.00 to $20.00 and gave the company a buy rating in a report on Thursday, April 11th. Zacks Investment Research cut Tronox from a hold rating to a sell rating in a report on Tuesday, June 18th. Alembic Global Advisors set a $19.00 price target on Tronox and gave the company a buy rating in a report on Friday, May 10th. Finally, Morgan Stanley set a $15.00 price target on Tronox and gave the company a hold rating in a report on Wednesday, June 19th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $15.43.
Shares of TROX traded down $0.94 during mid-day trading on Thursday, reaching $9.71. The company had a trading volume of 2,288,575 shares, compared to its average volume of 1,010,945. Tronox has a twelve month low of $6.46 and a twelve month high of $17.62. The company has a quick ratio of 4.72, a current ratio of 5.82 and a debt-to-equity ratio of 4.80. The stock’s 50-day moving average price is $11.81. The stock has a market cap of $1.65 billion, a P/E ratio of 17.34 and a beta of 3.30.
In other news, Director Wayne A. Hinman bought 5,000 shares of the stock in a transaction dated Thursday, June 13th. The stock was bought at an average cost of $11.01 per share, with a total value of $55,050.00. Following the purchase, the director now owns 142,807 shares of the company’s stock, valued at $1,572,305.07. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Jeffrey N. Neuman bought 4,812 shares of the stock in a transaction dated Tuesday, June 4th. The stock was purchased at an average cost of $10.38 per share, with a total value of $49,948.56. Following the completion of the purchase, the senior vice president now directly owns 79,510 shares in the company, valued at approximately $825,313.80. The disclosure for this purchase can be found here. Insiders have purchased a total of 29,027 shares of company stock valued at $305,315 over the last ninety days. Insiders own 1.30% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Swiss National Bank boosted its stake in shares of Tronox by 2.2% in the second quarter. Swiss National Bank now owns 175,300 shares of the company’s stock valued at $2,240,000 after buying an additional 3,700 shares during the period. BNP Paribas Arbitrage SA bought a new stake in shares of Tronox in the second quarter valued at approximately $237,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Tronox by 26.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,882 shares of the company’s stock valued at $75,000 after buying an additional 1,244 shares during the period. SG Americas Securities LLC bought a new stake in shares of Tronox in the second quarter valued at approximately $167,000. Finally, Creative Planning boosted its stake in shares of Tronox by 8.5% in the second quarter. Creative Planning now owns 190,739 shares of the company’s stock valued at $2,438,000 after buying an additional 15,000 shares during the period. 56.63% of the stock is owned by institutional investors.
Tronox Company Profile
Tronox Holdings plc engages in the mining, production, and marketing of inorganic minerals and chemicals in North America, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. It mines and processes titanium ore, zircon, and other minerals; and manufactures titanium dioxide pigments that add brightness and durability to paints, plastics, paper, and other everyday products.
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