Tribune Company Common Stock (NYSE:TRCO) Shares Bought by Alpine Associates Management Inc.

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Alpine Associates Management Inc. boosted its stake in Tribune Company Common Stock (NYSE:TRCO) by 17.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,732,544 shares of the company’s stock after buying an additional 410,844 shares during the period. Tribune Company Common Stock accounts for 3.6% of Alpine Associates Management Inc.’s portfolio, making the stock its 12th biggest holding. Alpine Associates Management Inc. owned about 3.12% of Tribune Company Common Stock worth $110,694,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also bought and sold shares of TRCO. Sei Investments Co. lifted its stake in Tribune Company Common Stock by 42.0% during the first quarter. Sei Investments Co. now owns 5,786 shares of the company’s stock valued at $235,000 after buying an additional 1,712 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Tribune Company Common Stock by 3.2% in the first quarter. Rhumbline Advisers now owns 70,148 shares of the company’s stock worth $2,842,000 after purchasing an additional 2,145 shares in the last quarter. Amalgamated Bank lifted its position in shares of Tribune Company Common Stock by 16.7% in the fourth quarter. Amalgamated Bank now owns 15,259 shares of the company’s stock worth $648,000 after purchasing an additional 2,179 shares in the last quarter. Allianz Asset Management GmbH lifted its position in shares of Tribune Company Common Stock by 0.7% in the fourth quarter. Allianz Asset Management GmbH now owns 459,019 shares of the company’s stock worth $19,495,000 after purchasing an additional 3,048 shares in the last quarter. Finally, Aperio Group LLC lifted its position in shares of Tribune Company Common Stock by 32.6% in the fourth quarter. Aperio Group LLC now owns 12,528 shares of the company’s stock worth $532,000 after purchasing an additional 3,078 shares in the last quarter. Institutional investors own 89.59% of the company’s stock.

TRCO has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Tribune Company Common Stock from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a report on Tuesday, March 27th. Deutsche Bank upgraded Tribune Company Common Stock from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a report on Monday, May 7th. Finally, ValuEngine downgraded Tribune Company Common Stock from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $43.67.

Shares of Tribune Company Common Stock traded up $0.02, hitting $37.93, during midday trading on Friday, MarketBeat Ratings reports. The company had a trading volume of 47,947 shares, compared to its average volume of 794,658. The company has a market cap of $3.33 billion, a price-to-earnings ratio of 27.12, a PEG ratio of 7.51 and a beta of 1.32. Tribune Company Common Stock has a 1-year low of $34.81 and a 1-year high of $43.71. The company has a current ratio of 3.07, a quick ratio of 3.07 and a debt-to-equity ratio of 0.87.

Tribune Company Common Stock (NYSE:TRCO) last issued its earnings results on Thursday, May 10th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.12 by $0.39. The firm had revenue of $443.64 million during the quarter, compared to analysts’ expectations of $456.85 million. Tribune Company Common Stock had a return on equity of 5.64% and a net margin of 22.72%. Tribune Company Common Stock’s quarterly revenue was up .8% compared to the same quarter last year. During the same period last year, the business earned ($0.07) earnings per share. research analysts forecast that Tribune Company Common Stock will post 2.53 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 5th. Investors of record on Monday, May 21st were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, May 18th. This represents a $1.00 annualized dividend and a yield of 2.64%. Tribune Company Common Stock’s dividend payout ratio (DPR) is currently 70.92%.

About Tribune Company Common Stock

Tribune Media Company, through its subsidiaries, operates as a media and entertainment company in the United States. It offers news, entertainment, and sports programming through Tribune Broadcasting local television stations, including FOX television affiliates, CW Network, LLC television affiliates, CBS television affiliates, ABC television affiliates, MY television affiliates, NBC television affiliates, and independent television stations; and television series and movies on WGN America, a national general entertainment cable network.

Institutional Ownership by Quarter for Tribune Company Common Stock (NYSE:TRCO)

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