Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Tribune (NYSE:TRCO) by 7.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,517 shares of the company’s stock after acquiring an additional 402 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Tribune were worth $250,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TRCO. Bank of New York Mellon Corp raised its position in Tribune by 1.3% in the second quarter. Bank of New York Mellon Corp now owns 469,330 shares of the company’s stock valued at $17,961,000 after purchasing an additional 6,165 shares during the period. Northern Trust Corp raised its position in Tribune by 25.3% in the second quarter. Northern Trust Corp now owns 459,359 shares of the company’s stock valued at $17,580,000 after purchasing an additional 92,622 shares during the period. MERIAN GLOBAL INVESTORS UK Ltd purchased a new stake in Tribune in the third quarter valued at approximately $8,946,000. Seven Eight Capital LP purchased a new stake in Tribune in the third quarter valued at approximately $4,058,000. Finally, Ingalls & Snyder LLC raised its position in Tribune by 124.8% in 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. Institutional investors own 97.62% of the company’s stock.

Shares of NYSE:TRCO traded down $0.03 during trading on Monday, hitting $46.07. The company’s stock had a trading volume of 16,982 shares, compared to its average volume of 1,179,578. The company has a market cap of $4.04 billion, a price-to-earnings ratio of 32.66, a price-to-earnings-growth ratio of 2.59 and a beta of 0.59. The company has a quick ratio of 3.35, a current ratio of 3.35 and a debt-to-equity ratio of 0.85. Tribune has a fifty-two week low of $31.61 and a fifty-two week high of $46.20.

Tribune (NYSE:TRCO) last released its earnings results on Friday, November 9th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.08. Tribune had a return on equity of 7.72% and a net margin of 31.69%. The firm had revenue of $498.00 million for the quarter, compared to analysts’ expectations of $481.79 million. During the same quarter in the previous year, the business posted $0.31 earnings per share. The business’s revenue for the quarter was up 10.5% on a year-over-year basis. On average, analysts expect that Tribune will post 3.58 EPS for the current year.

A number of analysts have issued reports on TRCO shares. Zacks Investment Research raised Tribune from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research report on Saturday, November 17th. ValuEngine lowered Tribune from a “hold” rating to a “sell” rating in a research report on Thursday, November 1st. Wolfe Research started coverage on Tribune in a research report on Friday, December 7th. They issued an “underperform” rating and a $44.00 target price on the stock. FinnCap started coverage on Tribune in a research report on Tuesday, November 27th. They issued a “buy” rating on the stock. Finally, Gabelli started coverage on Tribune in a research report on Tuesday, November 27th. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Tribune currently has a consensus rating of “Buy” and a consensus target price of $42.17.

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Tribune 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.

Read More: Net Margin

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Institutional Ownership by Quarter for Tribune (NYSE:TRCO)

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