Here is What Hedge Funds Think About Tronox Ltd (TROX) – NL Industries, Inc. (NL), Axiall Corp (AXLL)

Page 1 of 2

Tronox Ltd (NYSE:TROX) was in 27 hedge funds’ portfolio at the end of the fourth quarter of 2012. TROX has seen a decrease in hedge fund interest recently. There were 30 hedge funds in our database with TROX holdings at the end of the previous quarter.

Tronox Ltd (NYSE:TROX)

In today’s marketplace, there are many metrics shareholders can use to monitor the equity markets. Some of the most innovative are hedge fund and insider trading movement. At Insider Monkey, our research analyses have shown that, historically, those who follow the best picks of the elite investment managers can beat the broader indices by a superb amount (see just how much).

Just as integral, positive insider trading sentiment is another way to parse down the marketplace. Just as you’d expect, there are many incentives for an upper level exec to cut shares of his or her company, but only one, very simple reason why they would initiate a purchase. Various academic studies have demonstrated the valuable potential of this method if you know what to do (learn more here).

With these “truths” under our belt, it’s important to take a look at the key action encompassing Tronox Ltd (NYSE:TROX).

What have hedge funds been doing with Tronox Ltd (NYSE:TROX)?

At the end of the fourth quarter, a total of 27 of the hedge funds we track were bullish in this stock, a change of -10% from the third quarter. With hedge funds’ capital changing hands, there exists a few notable hedge fund managers who were increasing their holdings considerably.

Of the funds we track, Jeffrey Gates’s Gates Capital Management had the most valuable position in Tronox Ltd (NYSE:TROX), worth close to $104.9 million, comprising 6.6% of its total 13F portfolio. The second largest stake is held by Avenue Capital, managed by Marc Lasry, which held a $29.9 million position; the fund has 5.8% of its 13F portfolio invested in the stock. Some other peers that are bullish include Debra Fine’s Fine Capital Partners, Jonathan Savitz’s Greywolf Capital Management and Joe DiMenna’s ZWEIG DIMENNA PARTNERS.

Since Tronox Ltd (NYSE:TROX) has experienced falling interest from the smart money, logic holds that there lies a certain “tier” of hedge funds that decided to sell off their entire stakes in Q4. Intriguingly, Dinakar Singh’s TPG-AXON Management LP said goodbye to the largest stake of all the hedgies we track, worth about $29.7 million in stock., and Edward A. Mule of Silver Point Capital was right behind this move, as the fund dropped about $27.6 million worth. These transactions are important to note, as aggregate hedge fund interest was cut by 3 funds in Q4.

What have insiders been doing with Tronox Ltd (NYSE:TROX)?

Insider buying is particularly usable when the company in focus has seen transactions within the past half-year. Over the latest half-year time period, Tronox Ltd (NYSE:TROX) has seen 3 unique insiders purchasing, and zero insider sales (see the details of insider trades here).

Let’s also review hedge fund and insider activity in other stocks similar to Tronox Ltd (NYSE:TROX). These stocks are GSE Holding Inc (NYSE:GSE), Hawkins, Inc. (NASDAQ:HWKN), NL Industries, Inc. (NYSE:NL), Axiall Corp (NYSE:AXLL), and Minerals Technologies Inc (NYSE:MTX). This group of stocks belong to the synthetics industry and their market caps are closest to TROX’s market cap.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

The 20 Most Underrated Movies of All Time

The 10 Fastest Growing Companies in America

The 10 Biggest Outlet Malls in USA

The 5 Most Popular Rap Songs of All Time

The 10 Countries that Eat the Most Meat

The10 Most Expensive Countries to Fly To

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!