Thomson Reuters Corp (TRI) Shares Bought by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC grew its position in Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) by 220.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,074 shares of the business services provider’s stock after purchasing an additional 8,311 shares during the period. Tower Research Capital LLC TRC’s holdings in Thomson Reuters Corp were worth $725,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Cubist Systematic Strategies LLC increased its holdings in shares of Thomson Reuters Corp by 21.0% in the second quarter. Cubist Systematic Strategies LLC now owns 68,386 shares of the business services provider’s stock valued at $3,166,000 after purchasing an additional 11,885 shares during the period. BlueCrest Capital Management Ltd acquired a new position in shares of Thomson Reuters Corp in the second quarter valued at about $5,093,000. ETF Managers Group LLC acquired a new position in shares of Thomson Reuters Corp in the second quarter valued at about $127,000. Flinton Capital Management LLC increased its holdings in shares of Thomson Reuters Corp by 70.0% in the second quarter. Flinton Capital Management LLC now owns 20,978 shares of the business services provider’s stock valued at $971,000 after purchasing an additional 8,636 shares during the period. Finally, AHL Partners LLP grew its holdings in Thomson Reuters Corp by 61.8% during the second quarter. AHL Partners LLP now owns 186,255 shares of the business services provider’s stock worth $8,621,000 after acquiring an additional 71,153 shares during the period. 26.14% of the stock is currently owned by institutional investors and hedge funds.

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Several research firms recently commented on TRI. BidaskClub raised Thomson Reuters Corp from a “hold” rating to a “buy” rating in a report on Saturday, June 24th. Zacks Investment Research lowered Thomson Reuters Corp from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. Royal Bank Of Canada set a $45.00 price objective on Thomson Reuters Corp and gave the company a “hold” rating in a report on Thursday, July 27th. Scotiabank raised their price objective on Thomson Reuters Corp from $45.00 to $47.00 and gave the company a “sector perform” rating in a report on Wednesday, August 2nd. Finally, Piper Jaffray Companies reissued a “hold” rating and issued a $50.00 price objective on shares of Thomson Reuters Corp in a report on Tuesday, September 19th. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $51.67.

Thomson Reuters Corp (NYSE TRI) traded down 0.98% during midday trading on Wednesday, reaching $47.59. The company’s stock had a trading volume of 261,590 shares. The firm has a market cap of $34.61 billion, a price-to-earnings ratio of 11.51 and a beta of 0.75. The company has a 50 day moving average price of $45.76 and a 200 day moving average price of $45.13. Thomson Reuters Corp has a 1-year low of $39.23 and a 1-year high of $48.57.

Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) last released its earnings results on Tuesday, August 1st. The business services provider reported $0.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.09. The firm had revenue of $2.78 billion during the quarter, compared to analyst estimates of $2.78 billion. Thomson Reuters Corp had a net margin of 26.81% and a return on equity of 13.64%. The business’s revenue was up .5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.50 EPS. On average, equities research analysts expect that Thomson Reuters Corp will post $2.44 EPS for the current year.

About Thomson Reuters Corp

Thomson Reuters Corporation (Thomson Reuters) is a Canada-based provider of news and information for professional markets. The Company is organized in three business units: Financial & Risk, Legal, and Tax & Accounting. The Financial & Risk unit is a provider of critical news, information and analytics, enabling transactions and connecting communities of trading, investment, financial and corporate professionals.

Institutional Ownership by Quarter for Thomson Reuters Corp (NYSE:TRI)

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