HighTower Advisors LLC increased its stake in shares of tronc, Inc. (NASDAQ:TRNC) by 6.9% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 49,019 shares of the company’s stock after buying an additional 3,173 shares during the period. HighTower Advisors LLC owned approximately 0.15% of tronc worth $685,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Trexquant Investment LP bought a new position in tronc during the first quarter valued at about $179,000. Parametric Portfolio Associates LLC boosted its position in tronc by 6.2% in the first quarter. Parametric Portfolio Associates LLC now owns 124,386 shares of the company’s stock valued at $1,731,000 after buying an additional 7,295 shares in the last quarter. Bank of New York Mellon Corp boosted its position in tronc by 3.5% in the first quarter. Bank of New York Mellon Corp now owns 97,942 shares of the company’s stock valued at $1,364,000 after buying an additional 3,296 shares in the last quarter. Algert Global LLC boosted its position in tronc by 4.7% in the first quarter. Algert Global LLC now owns 97,806 shares of the company’s stock valued at $1,361,000 after buying an additional 4,370 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in tronc by 118.0% in the first quarter. First Trust Advisors LP now owns 59,662 shares of the company’s stock valued at $830,000 after buying an additional 32,297 shares in the last quarter. 37.12% of the stock is currently owned by institutional investors.
tronc, Inc. (NASDAQ:TRNC) opened at 12.37 on Wednesday. tronc, Inc. has a 52-week low of $8.76 and a 52-week high of $17.93. The stock has a market capitalization of $405.95 million, a PE ratio of 44.18 and a beta of 1.79. The firm’s 50-day moving average is $11.93 and its 200 day moving average is $13.36.
ILLEGAL ACTIVITY WARNING: “HighTower Advisors LLC Raises Position in tronc, Inc. (NASDAQ:TRNC)” was posted by BBNS and is the sole property of of BBNS. If you are accessing this story on another website, it was stolen and republished in violation of United States & international copyright & trademark legislation. The correct version of this story can be accessed at https://baseballnewssource.com/markets/hightower-advisors-llc-raises-position-in-tronc-inc-nasdaqtrnc/1180514.html.
Several research analysts have issued reports on the company. Noble Financial reaffirmed a “buy” rating on shares of tronc in a report on Saturday, May 6th. Zacks Investment Research raised tronc from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a report on Wednesday, July 5th. ValuEngine cut tronc from a “buy” rating to a “hold” rating in a report on Friday, June 9th. Finally, TheStreet cut tronc from a “c-” rating to a “d” rating in a report on Friday, May 26th.
tronc, Inc, formerly Tribune Publishing Company, is a media company. As of December 25, 2016, the Company operated over 150 titles in nine markets. Its portfolio of news and information brands are in markets, including Los Angeles and San Diego, California; Chicago, Illinois; Fort Lauderdale and Orlando, Florida; Baltimore, Maryland; Hartford, Connecticut; Allentown, Pennsylvania, and Newport News, Virginia.
Receive News & Ratings for tronc Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for tronc Inc. and related companies with our FREE daily email newsletter.