tronc, Inc. (NASDAQ:TRNC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Tuesday, November 7th.
According to Zacks, “Tronc, Inc. is a media company. The Company offers sports, entertainment, business, real estate and travel news and information primarily in the United States. Its portfolio of news and information brands includes daily and weekly titles, digital properties and verticals in markets. Tronc, Inc., formerly known as Tribune Publishing Company, is based in CHICAGO, United States. “
Several other analysts also recently weighed in on TRNC. Noble Financial reaffirmed a “buy” rating on shares of tronc in a report on Thursday, August 3rd. ValuEngine raised shares of tronc from a “hold” rating to a “buy” rating in a report on Friday, October 27th.
Shares of tronc (TRNC) traded up $0.03 during trading hours on Tuesday, hitting $16.17. 188,000 shares of the company were exchanged, compared to its average volume of 112,029. The company has a current ratio of 1.57, a quick ratio of 1.53 and a debt-to-equity ratio of 4.98. The company has a market cap of $543.29, a P/E ratio of 11.72 and a beta of 1.73. tronc has a 1 year low of $10.80 and a 1 year high of $16.20.
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Several hedge funds have recently added to or reduced their stakes in TRNC. Bank of New York Mellon Corp grew its stake in tronc by 3.5% during the 1st quarter. Bank of New York Mellon Corp now owns 97,942 shares of the company’s stock valued at $1,364,000 after acquiring an additional 3,296 shares in the last quarter. Parametric Portfolio Associates LLC grew its stake in shares of tronc by 6.2% in the 1st 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 during the period. American International Group Inc. grew its stake in shares of tronc by 7.1% in the 1st quarter. American International Group Inc. now owns 16,420 shares of the company’s stock valued at $229,000 after buying an additional 1,082 shares during the period. California Public Employees Retirement System grew its stake in shares of tronc by 18.2% in the 1st quarter. California Public Employees Retirement System now owns 159,400 shares of the company’s stock valued at $2,219,000 after buying an additional 24,600 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of tronc by 3.9% in the 1st quarter. Vanguard Group Inc. now owns 1,015,745 shares of the company’s stock valued at $14,140,000 after buying an additional 38,463 shares during the period. 36.35% of the stock is owned by institutional investors and hedge funds.
tronc Company Profile
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.
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