Chicago Equity Partners LLC trimmed its position in shares of Tronox Ltd (NASDAQ:TROX) by 12.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 119,460 shares of the company’s stock after selling 16,650 shares during the quarter. Chicago Equity Partners LLC owned 0.10% of Tronox worth $2,521,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Goldman Sachs Group Inc. boosted its holdings in Tronox by 25.6% during the 2nd quarter. Goldman Sachs Group Inc. now owns 3,172,642 shares of the company’s stock worth $47,970,000 after acquiring an additional 646,598 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its holdings in Tronox by 355.0% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 874,550 shares of the company’s stock worth $18,453,000 after acquiring an additional 682,350 shares during the last quarter. BlueCrest Capital Management Ltd purchased a new position in Tronox during the 2nd quarter worth $2,011,000. Schneider Capital Management Corp purchased a new position in Tronox during the 2nd quarter worth $9,076,000. Finally, Quantbot Technologies LP boosted its holdings in Tronox by 669.1% during the 2nd quarter. Quantbot Technologies LP now owns 60,367 shares of the company’s stock worth $912,000 after acquiring an additional 52,518 shares during the last quarter.
Tronox Ltd (TROX) opened at $26.80 on Friday.
Tronox (NASDAQ:TROX) last issued its quarterly earnings results on Wednesday, November 8th. The company reported $0.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.15. The company had revenue of $435.00 million during the quarter, compared to analysts’ expectations of $436.92 million. Tronox’s quarterly revenue was up 28.3% compared to the same quarter last year. During the same period last year, the firm posted ($0.34) earnings per share.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Monday, November 20th will be issued a $0.045 dividend. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date is Friday, November 17th.
In related news, Director Timothy C. Carlson purchased 25,000 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The shares were bought at an average cost of $18.84 per share, with a total value of $471,000.00. Following the acquisition, the director now owns 61,585 shares of the company’s stock, valued at $1,160,261.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Niekerk Willem Hendrik Van sold 12,229 shares of the business’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $20.70, for a total transaction of $253,140.30. Following the completion of the transaction, the senior vice president now directly owns 175,528 shares in the company, valued at $3,633,429.60. The disclosure for this sale can be found here.
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TROX has been the topic of a number of analyst reports. BidaskClub raised shares of Tronox from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 13th. Alembic Global Advisors reaffirmed a “buy” rating on shares of Tronox in a report on Monday, October 23rd. UBS AG reaffirmed a “sell” rating and set a $16.00 price objective (up from $15.00) on shares of Tronox in a report on Wednesday, September 20th. Vertical Research started coverage on shares of Tronox in a report on Monday, October 23rd. They issued a “buy” rating on the stock. Finally, J P Morgan Chase & Co started coverage on shares of Tronox in a report on Tuesday, October 24th. They issued an “overweight” rating on the stock. One research analyst has rated the stock with a sell rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Tronox has an average rating of “Buy” and a consensus target price of $18.00.
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. It primarily operates in two segments, TiO2 and Alkali. The TiO2 segment engages in the exploration, mining, and beneficiation of mineral sands deposits.
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