Tronc Inc. (NASDAQ:TRNC) Director Patrick Soon-Shiong bought 84,675 shares of the firm’s stock in a transaction dated Wednesday, November 23rd. The shares were acquired at an average cost of $12.92 per share, with a total value of $1,094,001.00. Following the completion of the transaction, the director now owns 900,666 shares in the company, valued at $11,636,604.72. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Patrick Soon-Shiong also recently made the following trade(s):

  • On Friday, November 18th, Patrick Soon-Shiong bought 64,585 shares of Tronc stock. The shares were acquired at an average cost of $12.79 per share, with a total value of $826,042.15.
  • On Thursday, November 10th, Patrick Soon-Shiong bought 269,076 shares of Tronc stock. The shares were acquired at an average cost of $11.29 per share, with a total value of $3,037,868.04.
  • On Monday, November 7th, Patrick Soon-Shiong bought 31,349 shares of Tronc stock. The shares were acquired at an average cost of $9.52 per share, with a total value of $298,442.48.

Tronc Inc. (NASDAQ:TRNC) opened at 13.02 on Thursday. The stock’s 50 day moving average price is $13.73 and its 200 day moving average price is $14.60. The company’s market cap is $474.29 million. Tronc Inc. has a 1-year low of $5.45 and a 1-year high of $17.93.

Tronc (NASDAQ:TRNC) last released its earnings results on Tuesday, November 1st. The company reported $0.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.15) by $0.37. Tronc had a positive return on equity of 124.45% and a negative net margin of 0.79%. The business had revenue of $378.24 million for the quarter. During the same period last year, the firm posted ($0.07) earnings per share. The company’s revenue was down 6.8% compared to the same quarter last year. On average, equities analysts anticipate that Tronc Inc. will post ($0.03) earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Tronc (NASDAQ:TRNC)

WARNING: This piece of content was reported by Daily Political and is the sole property of of Daily Political. If you are accessing this piece of content on another domain, it was stolen and republished in violation of US and international trademark & copyright legislation. The legal version of this piece of content can be viewed at http://www.dailypolitical.com/2016/12/01/tronc-inc-trnc-director-acquires-1094001-00-in-stock.html.

A number of large investors have recently added to or reduced their stakes in TRNC. Ameriprise Financial Inc. increased its stake in Tronc by 0.5% in the third quarter. Ameriprise Financial Inc. now owns 33,069 shares of the company’s stock valued at $558,000 after buying an additional 180 shares during the period. BlackRock Inc. increased its stake in Tronc by 4.7% in the third quarter. BlackRock Inc. now owns 6,654 shares of the company’s stock valued at $112,000 after buying an additional 298 shares during the period. California State Teachers Retirement System increased its stake in Tronc by 1.1% in the third quarter. California State Teachers Retirement System now owns 56,530 shares of the company’s stock valued at $954,000 after buying an additional 600 shares during the period. Wells Fargo & Company MN increased its stake in Tronc by 3.8% in the third quarter. Wells Fargo & Company MN now owns 19,722 shares of the company’s stock valued at $332,000 after buying an additional 722 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Tronc by 2.8% in the third quarter. Bank of New York Mellon Corp now owns 109,479 shares of the company’s stock valued at $1,848,000 after buying an additional 2,984 shares during the period. 66.25% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have recently issued reports on the company. TheStreet lowered Tronc from a “hold” rating to a “sell” rating in a research report on Wednesday, November 9th. Zacks Investment Research lowered Tronc from a “buy” rating to a “hold” rating in a research report on Wednesday, November 9th. Finally, Noble Financial assumed coverage on Tronc in a research report on Tuesday, August 23rd. They set a “buy” rating and a $21.00 target price for the company.

Tronc Company Profile

tronc, Inc, formerly Tribune Publishing Company, is a content curation and monetization company focused on creating and distributing content across all channels. The Company’s portfolio of news and information brands includes daily and weekly titles, digital properties and verticals in markets across the country.

5 Day Chart for NASDAQ:TRNC

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 MarketBeat.com's FREE daily email newsletter.