S. Muoio & CO. LLC Has $9.06 Million Stake in Tribune Company Common Stock (TRCO)
S. Muoio & CO. LLC decreased its position in Tribune Company Common Stock (NYSE:TRCO) by 3.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 236,600 shares of the company’s stock after selling 8,400 shares during the period. Tribune Company Common Stock makes up 5.6% of S. Muoio & CO. LLC’s portfolio, making the stock its 2nd largest position. S. Muoio & CO. LLC owned approximately 0.27% of Tribune Company Common Stock worth $9,055,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Royal Bank of Canada boosted its position in shares of Tribune Company Common Stock by 813.2% during the 1st quarter. Royal Bank of Canada now owns 2,977 shares of the company’s stock worth $121,000 after acquiring an additional 2,651 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Tribune Company Common Stock during the 1st quarter worth approximately $194,000. Signition LP acquired a new stake in Tribune Company Common Stock in the first quarter valued at approximately $206,000. NJ State Employees Deferred Compensation Plan acquired a new stake in Tribune Company Common Stock in the second quarter valued at approximately $230,000. Finally, Sei Investments Co. boosted its position in Tribune Company Common Stock by 42.0% in the first quarter. Sei Investments Co. now owns 5,786 shares of the company’s stock valued at $235,000 after buying an additional 1,712 shares in the last quarter. Institutional investors own 94.32% of the company’s stock.
A number of analysts have weighed in on TRCO shares. Zacks Investment Research lowered shares of Tribune Company Common Stock from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 12th. ValuEngine downgraded shares of Tribune Company Common Stock from a “sell” rating to a “strong sell” rating in a research note on Monday, July 16th. Stephens raised shares of Tribune Company Common Stock from an “equal weight” rating to an “overweight” rating and lowered their target price for the stock from $45.00 to $41.00 in a research note on Tuesday, July 17th. Wells Fargo & Co lowered their target price on shares of 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. Finally, Evercore ISI initiated coverage on shares of Tribune Company Common Stock in a research note on Tuesday, July 31st. They issued a “buy” rating and a $40.00 price target for the company. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given 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 (NYSE:TRCO) last issued its quarterly earnings data on Thursday, August 9th. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.40. Tribune Company Common Stock had a net margin of 28.61% and a return on equity of 7.18%. The firm had revenue of $489.36 million during the quarter, compared to analysts’ expectations of $483.10 million. During the same period last year, the company earned $0.36 earnings per share. The business’s revenue was up 4.2% on a year-over-year basis. equities research analysts anticipate that Tribune Company Common Stock will post 3.1 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 4th. Investors of record on Monday, August 20th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.65%. The ex-dividend date was Friday, August 17th. Tribune Company Common Stock’s dividend payout ratio (DPR) is presently 70.92%.
About Tribune Company Common Stock
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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