California State Teachers Retirement System increased its stake in Tronox Ltd. (NYSE:TROX) by 0.4% during the second quarter, Holdings Channel reports. The institutional investor owned 135,236 shares of the company’s stock after buying an additional 530 shares during the period. California State Teachers Retirement System owned about 0.12% of Tronox worth $596,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Eagle Boston Investment Management Inc. boosted 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 worth $184,000 after buying an additional 466 shares during the period. Geode Capital Management LLC boosted 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 worth $2,594,000 after buying an additional 3,541 shares during the period. Bank of New York Mellon Corp boosted its stake in Tronox by 8.7% in the second quarter. Bank of New York Mellon Corp now owns 265,072 shares of the company’s stock worth $1,168,000 after buying an additional 21,145 shares during the period. Gargoyle Investment Advisor L.L.C. acquired a new stake in Tronox during the second quarter worth approximately $297,000. Finally, Kamunting Street Capital Management L.P. acquired a new stake in Tronox during the first quarter worth approximately $558,000. 89.07% of the stock is currently owned by institutional investors.
Shares of Tronox Ltd. (NYSE:TROX) traded down 3.81% on Friday, reaching $9.35. 310,754 shares of the company were exchanged. The stock has a 50 day moving average of $8.97 and a 200-day moving average of $6.73. Tronox Ltd. has a 52-week low of $2.79 and a 52-week high of $9.92. The company’s market capitalization is $1.09 billion.
Tronox (NYSE:TROX) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.43) earnings per share for the quarter, missing analysts’ consensus estimates 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 earned $537 million during the quarter, compared to analysts’ expectations of $527.23 million. During the same period last year, the firm earned ($0.70) earnings per share. Tronox’s revenue was down 13.0% on a year-over-year basis. On average, analysts predict that Tronox Ltd. will post ($1.43) EPS for the current fiscal year.
Separately, B. Riley restated a “neutral” rating and set a $5.75 target price on shares of Tronox in a research report on Thursday, August 11th.