Gargoyle Investment Advisor L.L.C. acquired a new stake in shares of Tronox Ltd. (NYSE:TROX) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 67,240 shares of the company’s stock, valued at approximately $297,000.
A number of other large investors have also recently bought and sold shares of TROX. Eagle Boston Investment Management Inc. raised its stake in Tronox by 1.1% in the second quarter. Eagle Boston Investment Management Inc. now owns 41,750 shares of the company’s stock valued at $184,000 after buying an additional 466 shares during the period. Kamunting Street Capital Management L.P. purchased a new stake in Tronox during the first quarter valued at approximately $558,000. Renaissance Technologies LLC purchased a new stake in Tronox during the first quarter valued at approximately $1,566,000. Geode Capital Management LLC raised its stake in Tronox by 0.9% in the first quarter. Geode Capital Management LLC now owns 405,986 shares of the company’s stock valued at $2,594,000 after buying an additional 3,541 shares during the period. Finally, Berson & Corrado Investment Advisors LLC raised its stake in Tronox by 16.6% in the second quarter. Berson & Corrado Investment Advisors LLC now owns 1,063,574 shares of the company’s stock valued at $4,690,000 after buying an additional 151,045 shares during the period. Hedge funds and other institutional investors own 89.07% of the company’s stock.
Shares of Tronox Ltd. (NYSE:TROX) traded down 4.53% during midday trading on Friday, hitting $9.28. 511,532 shares of the stock traded hands. Tronox Ltd. has a 52 week low of $2.79 and a 52 week high of $9.92. The firm’s market capitalization is $1.08 billion. The company’s 50-day moving average is $8.98 and its 200 day moving average is $6.73.
Tronox (NYSE:TROX) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.43) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.31) by $0.12. Tronox had a negative net margin of 13.71% and a negative return on equity of 24.42%. The company had revenue of $537 million for the quarter, compared to analysts’ expectations of $527.23 million. During the same quarter in the prior year, the firm earned ($0.70) EPS. Tronox’s quarterly revenue was down 13.0% compared to the same quarter last year. Analysts anticipate that Tronox Ltd. will post ($1.43) earnings per share for the current year.
Separately, B. Riley reiterated a “neutral” rating and issued a $5.75 price objective on shares of Tronox in a research note on Thursday, August 11th.
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