BidaskClub upgraded shares of Tronc (NASDAQ:TRNC) from a hold rating to a buy rating in a research note issued to investors on Wednesday morning.

Several other research analysts also recently weighed in on the company. ValuEngine raised Tronc from a hold rating to a buy rating in a research note on Sunday, December 31st. Sidoti initiated coverage on Tronc in a research note on Wednesday, January 17th. They set a buy rating and a $25.00 target price for the company. Zacks Investment Research downgraded Tronc from a hold rating to a sell rating in a research note on Friday, March 9th. Finally, Noble Financial downgraded Tronc from a buy rating to a hold rating in a research note on Monday, February 5th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. Tronc has an average rating of Hold and an average target price of $20.67.

Shares of TRNC stock opened at $19.04 on Wednesday. The company has a debt-to-equity ratio of 4.80, a current ratio of 1.56 and a quick ratio of 1.52. The company has a market cap of $691.07, a PE ratio of 17.63 and a beta of 2.00. Tronc has a 1-year low of $10.80 and a 1-year high of $24.74.

Tronc (NASDAQ:TRNC) last announced its earnings results on Wednesday, March 7th. The company reported $0.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.35). The business had revenue of $435.02 million for the quarter, compared to analyst estimates of $424.20 million. Tronc had a return on equity of 53.46% and a net margin of 0.36%. sell-side analysts forecast that Tronc will post 0.39 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of TRNC. MetLife Investment Advisors LLC acquired a new position in Tronc in the 4th quarter valued at $122,000. SG Americas Securities LLC acquired a new position in Tronc in the 3rd quarter valued at $160,000. Russell Investments Group Ltd. raised its stake in Tronc by 81.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 12,732 shares of the company’s stock valued at $184,000 after purchasing an additional 5,732 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in Tronc in the 3rd quarter valued at $193,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in Tronc in the 4th quarter valued at $310,000. 38.53% of the stock is owned by hedge funds and other institutional investors.

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About Tronc

tronc, Inc, a media company, publishes newspapers worldwide. The company operates in two segments, troncM and troncX. It publishes daily newspapers; weekly newspapers; and digital platforms, such as Websites and mobile applications. The company also provides various digital marketing services, which include the development of mobile Websites, search engine marketing and optimization, social media account management, and content marketing for its customers' Web presence for small to medium size businesses.

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