Chicago Equity Partners LLC cut its stake in shares of Tronox Ltd (OTCMKTS:TROX) by 44.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 66,910 shares of the basic materials company’s stock after selling 52,550 shares during the quarter. Chicago Equity Partners LLC’s holdings in Tronox were worth $1,372,000 as of its most recent filing with the Securities and Exchange Commission.
A number of brokerages have recently issued reports on TROX. Wells Fargo & Co began coverage on shares of Tronox in a research report on Wednesday. They set an “outperform” rating and a $28.00 price objective for the company. Morgan Stanley began coverage on shares of Tronox in a research report on Tuesday, January 30th. They set an “equal weight” rating and a $21.00 price objective for the company. JPMorgan Chase & Co. cut their price objective on shares of Tronox to $22.00 and set an “overweight” rating for the company in a research report on Thursday, January 25th. Zacks Investment Research downgraded shares of Tronox from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 11th. Finally, Alembic Global Advisors reissued a “buy” rating on shares of Tronox in a research report on Monday, December 18th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $24.83.
Tronox Ltd (OTCMKTS:TROX) opened at $19.70 on Thursday. Tronox Ltd has a 1-year low of $12.63 and a 1-year high of $28.40.
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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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