W.E. Donoghue & Co. LLC boosted its position in Tribune (NYSE:TRCO) by 98.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,530 shares of the company’s stock after buying an additional 13,183 shares during the period. W.E. Donoghue & Co. LLC’s holdings in Tribune were worth $1,020,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. raised its holdings in shares of Tribune by 69.5% during the third quarter. Russell Investments Group Ltd. now owns 201,998 shares of the company’s stock valued at $7,761,000 after purchasing an additional 82,850 shares during the period. First Trust Advisors LP raised its holdings in shares of Tribune by 80.8% during the third quarter. First Trust Advisors LP now owns 166,238 shares of the company’s stock valued at $6,389,000 after purchasing an additional 74,286 shares during the period. Ingalls & Snyder LLC raised its holdings in shares of Tribune by 124.8% during the third quarter. Ingalls & Snyder LLC now owns 97,175 shares of the company’s stock valued at $3,734,000 after purchasing an additional 53,940 shares during the period. Seven Eight Capital LP acquired a new position in shares of Tribune during the third quarter valued at about $4,058,000. Finally, MERIAN GLOBAL INVESTORS UK Ltd acquired a new position in shares of Tribune during the third quarter valued at about $8,946,000. Institutional investors and hedge funds own 93.41% of the company’s stock.

Shares of Tribune stock opened at $37.29 on Friday. The firm has a market capitalization of $3.27 billion, a price-to-earnings ratio of 14.23 and a beta of 1.20. Tribune has a 12-month low of $31.61 and a 12-month high of $43.71. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.24 and a current ratio of 3.24.

Tribune (NYSE:TRCO) last announced its quarterly earnings results on Thursday, August 9th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.40. The business had revenue of $489.36 million for the quarter, compared to analyst estimates of $483.10 million. Tribune had a net margin of 28.61% and a return on equity of 7.18%. The company’s revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.36 EPS. Research analysts expect that Tribune will post 3.1 earnings per share for the current fiscal year.

Several equities research analysts have recently commented on TRCO shares. Stephens downgraded shares of Tribune from an “overweight” rating to an “equal” rating and decreased their target price for the stock from $41.00 to $37.00 in a research report on Thursday, July 19th. Evercore ISI started coverage on shares of Tribune in a research report on Tuesday, July 31st. They set a “buy” rating and a $40.00 target price for the company. ValuEngine downgraded shares of Tribune from a “sell” rating to a “strong sell” rating in a research report on Monday, July 16th. Wells Fargo & Co decreased their target price on shares of Tribune from $42.00 to $36.00 and set a “market perform” rating for the company in a research report on Wednesday, July 18th. Finally, Zacks Investment Research downgraded shares of Tribune from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 12th. One research analyst has 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. Tribune currently has an average rating of “Hold” and an average target price of $40.20.

About Tribune

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 (NYSE:TRCO)

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