Renaissance Technologies LLC increased its holdings in shares of Tribune Company Common Stock (NYSE:TRCO) by 43.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,177,700 shares of the company’s stock after purchasing an additional 356,900 shares during the period. Renaissance Technologies LLC owned approximately 1.34% of Tribune Company Common Stock worth $45,071,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Royal Bank of Canada grew its stake in Tribune Company Common Stock by 813.2% during the first quarter. Royal Bank of Canada now owns 2,977 shares of the company’s stock worth $121,000 after purchasing an additional 2,651 shares during the period. NumerixS Investment Technologies Inc grew its stake in Tribune Company Common Stock by 170.1% during the second quarter. NumerixS Investment Technologies Inc now owns 3,782 shares of the company’s stock worth $144,000 after purchasing an additional 2,382 shares during the period. Quantbot Technologies LP acquired a new stake in Tribune Company Common Stock during the first quarter worth approximately $194,000. Signition LP acquired a new stake in Tribune Company Common Stock during the first quarter worth approximately $206,000. Finally, Sei Investments Co. grew its stake in Tribune Company Common Stock by 42.0% during the first quarter. Sei Investments Co. now owns 5,786 shares of the company’s stock worth $235,000 after purchasing an additional 1,712 shares during the period. 94.32% of the stock is owned by institutional investors and hedge funds.

Shares of Tribune Company Common Stock stock opened at $37.79 on Friday. The company has a quick ratio of 3.24, a current ratio of 3.24 and a debt-to-equity ratio of 0.86. Tribune Company Common Stock has a 52 week low of $31.61 and a 52 week high of $43.71. The company has a market capitalization of $3.26 billion, a price-to-earnings ratio of 14.21 and a beta of 1.22.

Tribune Company Common Stock (NYSE:TRCO) last announced its quarterly earnings data on Thursday, August 9th. The company reported $0.99 EPS for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.40. Tribune Company Common Stock had a return on equity of 7.18% and a net margin of 28.61%. The firm had revenue of $489.36 million during the quarter, compared to analysts’ expectations of $483.10 million. During the same quarter last year, the firm posted $0.36 earnings per share. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. research analysts predict that Tribune Company Common Stock will post 3.1 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 4th. Shareholders of record on Monday, August 20th were paid a $0.25 dividend. The ex-dividend date was Friday, August 17th. This represents a $1.00 dividend on an annualized basis and a yield of 2.65%. Tribune Company Common Stock’s dividend payout ratio (DPR) is presently 70.92%.

A number of equities research analysts have commented on TRCO shares. Stephens cut Tribune Company Common Stock from an “overweight” rating to an “equal” rating and reduced their price objective for the company from $41.00 to $37.00 in a research note on Thursday, July 19th. Wells Fargo & Co reduced their price objective 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. ValuEngine cut Tribune Company Common Stock from a “sell” rating to a “strong sell” rating in a research note on Monday, July 16th. Zacks Investment Research cut Tribune Company Common Stock from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 12th. Finally, Evercore ISI started 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 for the company. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. Tribune Company Common Stock currently has an average rating of “Hold” and a consensus price target of $40.40.

Tribune Company Common Stock 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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