Chicago Equity Partners LLC decreased its position in shares of Tronox Ltd (OTCMKTS:TROX) by 14.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 67,045 shares of the basic materials company’s stock after selling 11,000 shares during the quarter. Chicago Equity Partners LLC owned 0.05% of Tronox worth $801,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently bought and sold shares of TROX. Russell Investments Group Ltd. lifted its position in Tronox by 3.6% during the third quarter. Russell Investments Group Ltd. now owns 149,001 shares of the basic materials company’s stock valued at $1,781,000 after purchasing an additional 5,223 shares during the period. Bourgeon Capital Management LLC lifted its position in Tronox by 34.8% during the second quarter. Bourgeon Capital Management LLC now owns 28,279 shares of the basic materials company’s stock valued at $557,000 after purchasing an additional 7,300 shares during the period. Oppenheimer Asset Management Inc. bought a new position in Tronox during the third quarter valued at approximately $121,000. Quantum Capital Management bought a new position in Tronox during the second quarter valued at approximately $201,000. Finally, Legal & General Group Plc lifted its position in Tronox by 64.7% during the first quarter. Legal & General Group Plc now owns 35,919 shares of the basic materials company’s stock valued at $663,000 after purchasing an additional 14,108 shares during the period.
A number of research analysts recently weighed in on the stock. Morgan Stanley set a $16.00 price objective on shares of Tronox and gave the company a “hold” rating in a research report on Tuesday, September 25th. Zacks Investment Research downgraded shares of Tronox from a “hold” rating to a “sell” rating in a research report on Thursday, August 9th. SunTrust Banks assumed coverage on shares of Tronox in a research report on Tuesday, July 31st. They set a “buy” rating and a $24.00 price objective on the stock. BMO Capital Markets lowered their price objective on shares of Tronox to $13.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 2nd. Finally, Barclays decreased their price target on shares of Tronox to $24.00 and set an “overweight” rating on the stock in a research report on Monday, August 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company’s stock. Tronox currently has a consensus rating of “Buy” and an average target price of $23.60.
Tronox (OTCMKTS:TROX) last posted its earnings results on Monday, November 5th. The basic materials company reported $0.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.03. The company had revenue of $456.00 million for the quarter, compared to analysts’ expectations of $456.91 million. The business’s revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.08 earnings per share.
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Tronox Limited is engaged in production and marketing of titanium bearing mineral sands and titanium dioxide pigment (TiO2). The Company’s TiO2 products are critical components of everyday applications, such as coatings, plastics, paper and other applications. The Company’s mineral sands business consists primarily of two product streams: titanium feedstock and zircon.
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