Tronox Ltd (TROX) Holdings Boosted by Fmr LLC

Fmr LLC grew its holdings in Tronox Ltd (OTCMKTS:TROX) by 1.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,795,965 shares of the basic materials company’s stock after purchasing an additional 200,983 shares during the quarter. Fmr LLC owned about 11.23% of Tronox worth $271,504,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of TROX. Verition Fund Management LLC bought a new stake in shares of Tronox during the first quarter worth $215,000. Legal & General Group Plc raised its position in shares of Tronox by 64.7% during the first quarter. Legal & General Group Plc now owns 35,919 shares of the basic materials company’s stock worth $663,000 after acquiring an additional 14,108 shares during the last quarter. WINTON GROUP Ltd bought a new stake in shares of Tronox during the first quarter worth $256,000. Bourgeon Capital Management LLC raised its position in shares of Tronox by 34.8% during the second quarter. Bourgeon Capital Management LLC now owns 28,279 shares of the basic materials company’s stock worth $557,000 after acquiring an additional 7,300 shares during the last quarter. Finally, Harvest Management LLC bought a new stake in shares of Tronox during the second quarter worth $541,000.

In related news, SVP Jeffrey N. Neuman acquired 4,500 shares of the company’s stock in a transaction that occurred on Friday, August 3rd. The stock was acquired at an average price of $16.76 per share, for a total transaction of $75,420.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jeffry N. Quinn acquired 12,000 shares of the company’s stock in a transaction that occurred on Friday, August 3rd. The stock was bought at an average price of $16.97 per share, with a total value of $203,640.00. Following the acquisition, the chief executive officer now directly owns 171,931 shares of the company’s stock, valued at approximately $2,917,669.07. The disclosure for this purchase can be found here.

A number of research firms have recently weighed in on TROX. Alembic Global Advisors set a $35.00 target price on Tronox and gave the stock a “buy” rating in a research report on Monday. BMO Capital Markets dropped their target price on Tronox to $13.00 and set an “outperform” rating for the company in a research report on Tuesday, October 2nd. Morgan Stanley set a $16.00 target price on Tronox and gave the stock a “hold” rating in a research report on Tuesday, September 25th. Zacks Investment Research upgraded Tronox from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 15th. Finally, Barclays dropped their target price on Tronox to $24.00 and set an “overweight” rating for the company 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 given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $23.60.

OTCMKTS TROX opened at $11.44 on Wednesday. Tronox Ltd has a 12 month low of $10.75 and a 12 month high of $28.40.

Tronox (OTCMKTS:TROX) last released its quarterly earnings data on Wednesday, August 1st. The basic materials company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.05. The company had revenue of $492.00 million during the quarter, compared to the consensus estimate of $497.24 million. The company’s revenue for the quarter was up 16.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.16) EPS.

Tronox Profile

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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Institutional Ownership by Quarter for Tronox (OTCMKTS:TROX)

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