Tribune Company Common Stock (TRCO) Stake Increased by Signition LP

Signition LP lifted its stake in shares of Tribune Company Common Stock (NYSE:TRCO) by 74.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,865 shares of the company’s stock after acquiring an additional 3,790 shares during the quarter. Signition LP’s holdings in Tribune Company Common Stock were worth $339,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Amalgamated Bank boosted its stake in Tribune Company Common Stock by 10.1% during the 2nd quarter. Amalgamated Bank now owns 16,639 shares of the company’s stock valued at $637,000 after purchasing an additional 1,524 shares during the period. Sei Investments Co. boosted its stake in Tribune Company Common Stock by 42.0% during the 1st quarter. Sei Investments Co. now owns 5,786 shares of the company’s stock valued at $235,000 after purchasing an additional 1,712 shares during the period. Rhumbline Advisers boosted its stake in Tribune Company Common Stock by 3.2% during the 1st quarter. Rhumbline Advisers now owns 70,148 shares of the company’s stock valued at $2,842,000 after purchasing an additional 2,145 shares during the period. State of Alaska Department of Revenue boosted its stake in Tribune Company Common Stock by 40.0% during the 2nd quarter. State of Alaska Department of Revenue now owns 8,750 shares of the company’s stock valued at $334,000 after purchasing an additional 2,500 shares during the period. Finally, Royal Bank of Canada boosted its stake in Tribune Company Common Stock by 813.2% during the 1st quarter. Royal Bank of Canada now owns 2,977 shares of the company’s stock valued at $121,000 after purchasing an additional 2,651 shares during the period. Institutional investors own 89.46% of the company’s stock.

Shares of NYSE:TRCO opened at $34.59 on Friday. Tribune Company Common Stock has a twelve month low of $31.61 and a twelve month high of $43.71. The company has a market cap of $3.03 billion, a P/E ratio of 24.53, a price-to-earnings-growth ratio of 6.45 and a beta of 1.20. The company has a quick ratio of 3.07, a current ratio of 3.07 and a debt-to-equity ratio of 0.87.

Tribune Company Common Stock (NYSE:TRCO) last announced its earnings results on Thursday, August 9th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.40. Tribune Company Common Stock had a return on equity of 7.33% and a net margin of 28.61%. The firm had revenue of $489.36 million during the quarter, compared to the consensus estimate of $483.10 million. During the same quarter in the prior year, the company earned $0.36 EPS. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. equities research analysts forecast that Tribune Company Common Stock will post 2.68 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 4th. Shareholders of record on Monday, August 20th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, August 17th. This represents a $1.00 annualized dividend and a yield of 2.89%. Tribune Company Common Stock’s dividend payout ratio (DPR) is 70.92%.

TRCO has been the subject of several recent analyst reports. Deutsche Bank upgraded Tribune Company Common Stock from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research note on Monday, May 7th. Evercore ISI initiated coverage on Tribune Company Common Stock in a research note on Tuesday, July 31st. They set a “buy” rating and a $40.00 target price for the company. Stephens downgraded Tribune Company Common Stock from an “overweight” rating to an “equal” rating and decreased their target price for the company from $41.00 to $37.00 in a research note on Thursday, July 19th. Zacks Investment Research downgraded Tribune Company Common Stock from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 12th. Finally, Wells Fargo & Co decreased their target price on Tribune Company Common Stock from $42.00 to $36.00 and set a “market perform” rating for the company in a research note on Wednesday, July 18th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. Tribune Company Common Stock has an average rating of “Hold” and an average target price of $40.67.

Tribune Company Common Stock Company Profile

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.

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

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