5,000 Shares in Tribune Media Company (NYSE:TRCO) Acquired by Mizuho Securities USA LLC
Mizuho Securities USA LLC purchased a new stake in Tribune Media Company (NYSE:TRCO) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,000 shares of the company’s stock, valued at approximately $204,000.
Other hedge funds have also recently bought and sold shares of the company. First Trust Advisors LP purchased a new stake in Tribune Media during the first quarter valued at about $282,000. ING Groep NV purchased a new stake in Tribune Media during the first quarter valued at about $10,063,000. Wells Fargo & Company MN raised its stake in Tribune Media by 44.3% in the first quarter. Wells Fargo & Company MN now owns 124,077 shares of the company’s stock valued at $4,625,000 after buying an additional 38,109 shares in the last quarter. Oxbow Advisors LLC raised its stake in Tribune Media by 0.5% in the first quarter. Oxbow Advisors LLC now owns 140,125 shares of the company’s stock valued at $5,222,000 after buying an additional 720 shares in the last quarter. Finally, Greystone Investment Management LLC purchased a new stake in Tribune Media during the first quarter valued at about $294,000.
Tribune Media Company (NYSE:TRCO) traded down 0.88% during trading on Wednesday, hitting $41.80. 363,115 shares of the stock traded hands. Tribune Media Company has a 12 month low of $27.75 and a 12 month high of $43.04. The stock’s market cap is $3.63 billion. The company has a 50-day moving average price of $41.08 and a 200-day moving average price of $37.43.
Tribune Media (NYSE:TRCO) last announced its quarterly earnings data on Wednesday, May 10th. The company reported ($0.07) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.07 by $0.14. The business had revenue of $439.90 million during the quarter, compared to the consensus estimate of $450.18 million. Tribune Media had a positive return on equity of 4.40% and a negative net margin of 4.09%. The company’s revenue was down 6.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.22 earnings per share. Equities research analysts expect that Tribune Media Company will post $1.42 EPS for the current year.
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Several analysts recently issued reports on the stock. Gabelli lowered shares of Tribune Media from a “buy” rating to a “sell” rating in a research report on Tuesday, May 9th. Morgan Stanley raised shares of Tribune Media from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $37.00 to $43.50 in a research note on Tuesday, May 9th. Jefferies Group LLC reissued a “hold” rating and issued a $47.00 price objective (up previously from $36.00) on shares of Tribune Media in a research note on Thursday, May 11th. Zacks Investment Research downgraded shares of Tribune Media from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 13th. Finally, BWS Financial dropped their price objective on shares of Tribune Media from $54.00 to $48.00 and set a “buy” rating for the company in a research note on Monday, May 1st. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. Tribune Media presently has a consensus rating of “Hold” and a consensus price target of $44.50.
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