Brookstone Capital Management Buys New Holdings in Tribune Company Common Stock (TRCO)

Brookstone Capital Management bought a new position in shares of Tribune Company Common Stock (NYSE:TRCO) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 13,450 shares of the company’s stock, valued at approximately $515,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Banco BTG Pactual S.A. lifted its holdings in Tribune Company Common Stock by 39.8% during the 1st quarter. Banco BTG Pactual S.A. now owns 215,935 shares of the company’s stock worth $8,748,000 after buying an additional 61,500 shares during the period. UBS Group AG lifted its stake in shares of Tribune Company Common Stock by 2,768.1% in the 1st quarter. UBS Group AG now owns 119,311 shares of the company’s stock valued at $4,834,000 after purchasing an additional 115,151 shares during the period. Rhumbline Advisers lifted its stake in shares of Tribune Company Common Stock by 3.2% in 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. S. Muoio & CO. LLC lifted its stake in shares of Tribune Company Common Stock by 32.4% in the 1st quarter. S. Muoio & CO. LLC now owns 245,000 shares of the company’s stock valued at $9,925,000 after purchasing an additional 60,000 shares during the period. Finally, Clinton Group Inc. acquired a new position in shares of Tribune Company Common Stock in the 1st quarter valued at about $3,619,000. 89.46% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Tribune Company Common Stock opened at $34.59 on Monday, Marketbeat reports. Tribune Company Common Stock has a 1 year low of $31.61 and a 1 year high of $43.71. The company has a debt-to-equity ratio of 0.87, a quick ratio of 3.07 and a current ratio of 3.07. The stock has a market capitalization of $3.03 billion, a PE ratio of 24.53, a price-to-earnings-growth ratio of 6.45 and a beta of 1.20.

Tribune Company Common Stock (NYSE:TRCO) last posted its quarterly earnings results on Thursday, August 9th. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $489.36 million for the quarter, compared to the consensus estimate of $483.10 million. During the same period in the prior year, the business earned $0.36 EPS. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. equities research analysts forecast that Tribune Company Common Stock will post 2.68 EPS for the current fiscal year.

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

A number of research analysts have recently issued reports on the company. ValuEngine downgraded Tribune Company Common Stock from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Evercore ISI assumed coverage on Tribune Company Common Stock in a research note on Tuesday, July 31st. They issued a “buy” rating and a $40.00 price objective on the stock. 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. Deutsche Bank raised Tribune Company Common Stock from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a research note on Monday, May 7th. Finally, Stephens raised Tribune Company Common Stock from an “equal weight” rating to an “overweight” rating and dropped their price objective for the company from $45.00 to $41.00 in a research note on Tuesday, July 17th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $40.67.

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.

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

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