Fidelity Management & Research Co has recently announced that it has increased stake in Tronox Holdings plc (NYSE:TROX) by 1.39%. After grabbing 18.14 million shares, the institutional investor is now in possession of 0.25 million shares of the Basic Materials Company. The new investment brought the stake of investor firm to 11.57% having worth around $241.03 million. Moreover, BlackRock Fund Advisors increased its share by 0.17 million to have a control over 7.26 million shares. And FIAM LLC raised its holdings to 86337.0 shares by acquiring 5.37 million shares or 3.43% of the stake.
Tronox Holdings plc (TROX) concluded trading on 09/13/23 at a closing price of $13.40, with 3.08 million shares of worth about $41.27 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -2.76% during that period and on Wednesday the price saw a loss of about -1.03%. Currently the company’s common shares owned by public are about 156.78M shares, out of which, 116.53M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 11 analysts are covering the TROX stock and their offered price forecasts bring an average price target of $16.27. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $20.00 and could fall to a lowest price of $13.00. The stock’s current price level is 17.79% above of average price target set by the analysts, while a rise to estimated low would result in loss of -3.08% for the stock. However, touching the estimated high of $20.00 would mean a gain of 33.0% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 37 times over the past 12 months. They bought 683,552 shares in 23 of the transactions. In 14 selling transactions, insiders dumped 328,336 shares.
Vanguard Total Stock Market ETF, Vanguard Small Cap Index Fund, and iShares Russell 2000 ETF are the top 3 mutual funds which are holding stakes in Tronox Holdings plc Vanguard Total Stock Market ETF is currently holding 3.62 million shares of worth totaling $48.16 million. The company recently came selling 5721.0 shares which brought its stake up to 2.31% of the company’s outstanding shares. Vanguard Small Cap Index Fund bought 16187.0 shares, after which its hold over company’s outstanding shares expand to 1.95%, leaving 3.05 million shares with the mutual fund that have a worth of about $40.56 million. iShares Russell 2000 ETF, after buying 2.7 million shares, have now control over 1.72% of the stake in the company. It holds 13980.0 shares of worth $35.85 million.
Tronox Holdings plc (NYSE: TROX) started trading at $13.57, above $0.03 from concluding price of the previous day. However, the stock later moved at a day high price of 13.64, or with a loss of -1.03%. Stock saw a price change of -3.60% in past 5 days and over the past one month there was a price change of 0.83%. Year-to-date (YTD), TROX shares are showing a performance of -2.26% which decreased to -9.83% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $10.58 but also hit the highest price of $17.61 during that period. The average intraday trading volume for Tronox Holdings plc shares is 1.26 million. The stock is currently trading 2.91% above its 20-day simple moving average (SMA20), while that difference is down -0.01% for SMA50 and it goes to -3.14% lower than SMA200.
Fidelity Management & Research Co acquired 18.14 million shares of Tronox Holdings plc having value of about $241.03 million. Data submitted at the U.S SEC by Fidelity Management & Research Co revealed that the firm now holds 0.25 million shares in the company valued at close to $3327796.2, or have control over 1.39% stake in the company. Tronox Holdings plc (NYSE: TROX) currently have 156.78M outstanding shares and institutions hold larger chunk of about 68.80% of that. Holding of mutual funds in the company is about 3.14% while other institutional holders and individual stake holders have control over 49.78% and 21.81% of the stake respectively.
The stock has a current market capitalization of $2.09B and its 3Y-monthly beta is at 1.93. It has posted earnings per share of -$0.90 in the same period. It has Quick Ratio of 0.70 while making debt-to-equity ratio of 1.31. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for TROX, volatility over the week remained 2.48% while standing at 3.08% over the month.
Analysts are in expectations that Tronox Holdings plc (TROX) stock would likely to be making an EPS of $0.08 in the current quarter, while forecast for next quarter EPS is $0.08 and it is $1.59 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.02 which is $0.14 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.69 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 74.70% while it is estimated to increase by 218.80% in next year. EPS is likely to shrink at an annualized rate of 8.13% for next 5-years, compared to annual growth of 18.10% made by the stock over the past 5-years.
Analysts at 11 brokerage firms have issued recommendations for the Tronox Holdings plc (TROX)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.30. Out of those 11 Wall Street analysts, 6 recommended a “Buy” rating, while 4 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by UBS on September 07, 2023 offering a Neutral rating for the stock and assigned a target price range of between $17 and $15 to it.