Tronox Ltd (TROX) Holdings Cut by Chicago Equity Partners LLC

Chicago Equity Partners LLC decreased its holdings in shares of Tronox Ltd (NYSE:TROX) by 40.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 39,940 shares of the company’s stock after selling 27,105 shares during the period. Chicago Equity Partners LLC’s holdings in Tronox were worth $311,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Investors Research Corp grew its position in shares of Tronox by 11.0% during the 4th quarter. Investors Research Corp now owns 18,200 shares of the company’s stock worth $142,000 after buying an additional 1,800 shares in the last quarter. Rhumbline Advisers grew its position in shares of Tronox by 46.6% during the 4th quarter. Rhumbline Advisers now owns 128,596 shares of the company’s stock worth $1,000,000 after buying an additional 40,888 shares in the last quarter. Congress Asset Management Co. MA grew its position in shares of Tronox by 132.6% during the 4th quarter. Congress Asset Management Co. MA now owns 529,790 shares of the company’s stock worth $4,122,000 after buying an additional 302,010 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Tronox during the 4th quarter worth $1,114,000. Finally, Nordea Investment Management AB bought a new position in shares of Tronox during the 3rd quarter worth $3,727,000. Institutional investors own 70.18% of the company’s stock.

Get Tronox alerts:

Shares of NYSE TROX opened at $11.36 on Thursday. The company has a debt-to-equity ratio of 3.58, a current ratio of 7.53 and a quick ratio of 6.15. The firm has a market cap of $1.36 billion, a P/E ratio of -42.07 and a beta of 2.87. Tronox Ltd has a 1-year low of $6.46 and a 1-year high of $21.65.

A number of research firms have recently issued reports on TROX. Alembic Global Advisors reissued a “buy” rating on shares of Tronox in a research report on Monday, December 17th. UBS Group set a $7.00 price target on Tronox and gave the stock a “sell” rating in a research report on Friday, December 14th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $21.88.

In related news, CEO Jeffry N. Quinn acquired 25,000 shares of the firm’s stock in a transaction that occurred on Monday, December 10th. The stock was purchased at an average cost of $7.21 per share, for a total transaction of $180,250.00. Following the purchase, the chief executive officer now directly owns 171,931 shares of the company’s stock, valued at approximately $1,239,622.51. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Niekerk Willem Hendrik Van acquired 3,800 shares of the firm’s stock in a transaction that occurred on Friday, December 7th. The shares were bought at an average price of $7.44 per share, with a total value of $28,272.00. Following the completion of the purchase, the senior vice president now directly owns 189,508 shares in the company, valued at $1,409,939.52. The disclosure for this purchase can be found here. Insiders have purchased a total of 49,800 shares of company stock valued at $358,672 over the last 90 days. 1.60% of the stock is currently owned by company insiders.

COPYRIGHT VIOLATION NOTICE: “Tronox Ltd (TROX) Holdings Cut by Chicago Equity Partners LLC” was first published by Ticker Report and is the property of of Ticker Report. If you are viewing this piece on another domain, it was stolen and reposted in violation of United States & international copyright and trademark legislation. The original version of this piece can be accessed at https://www.tickerreport.com/banking-finance/4167617/tronox-ltd-trox-holdings-cut-by-chicago-equity-partners-llc.html.

Tronox Company Profile

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. The company engages in the exploration, mining, and beneficiation of mineral sands deposits. It also produces titanium feedstock, including chloride slag, slag fines, rutile, synthetic rutile, leucoxene, titanium slag, and ilmenite, as well as pig iron and zircon; and suplies and markets TiO2 under the TRONOX brand name, which is used in the manufacture of paint and other coatings, and plastics and paper, as well as in various other applications comprising inks, fibers, rubber, food, cosmetics, and pharmaceuticals.

Featured Story: How to Use a Moving Average for Trading