BidaskClub downgraded shares of tronc (NASDAQ:TRNC) from a sell rating to a strong sell rating in a research report sent to investors on Thursday, August 23rd.

Other equities research analysts also recently issued research reports about the company. Noble Financial reaffirmed a buy rating and issued a $21.00 target price on shares of tronc in a report on Friday, May 11th. Zacks Investment Research raised tronc from a hold rating to a buy rating and set a $18.00 target price on the stock in a report on Wednesday, August 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $21.33.

NASDAQ:TRNC traded down $0.42 on Thursday, hitting $16.14. The company’s stock had a trading volume of 96,783 shares, compared to its average volume of 145,820. The firm has a market capitalization of $584.39 million, a price-to-earnings ratio of 35.83 and a beta of 1.79. The company has a quick ratio of 1.13, a current ratio of 1.16 and a debt-to-equity ratio of 0.02. tronc has a one year low of $13.00 and a one year high of $24.74.

tronc (NASDAQ:TRNC) last issued its quarterly earnings results on Thursday, August 9th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.51). The company had revenue of $253.04 million for the quarter. tronc had a return on equity of 9.05% and a net margin of 18.03%. equities research analysts expect that tronc will post -0.33 EPS for the current year.

Large investors have recently made changes to their positions in the stock. WINTON GROUP Ltd bought a new position in shares of tronc in the 2nd quarter worth about $175,000. Raymond James & Associates bought a new position in shares of tronc in the 2nd quarter worth about $594,000. Renaissance Technologies LLC raised its position in shares of tronc by 6.0% in the 2nd quarter. Renaissance Technologies LLC now owns 641,700 shares of the company’s stock worth $11,089,000 after acquiring an additional 36,400 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of tronc by 30.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 762,990 shares of the company’s stock worth $13,185,000 after acquiring an additional 177,822 shares in the last quarter. Finally, American Century Companies Inc. raised its position in shares of tronc by 68.9% in the 2nd quarter. American Century Companies Inc. now owns 198,646 shares of the company’s stock worth $3,433,000 after acquiring an additional 81,064 shares in the last quarter. 38.76% of the stock is owned by institutional investors and hedge funds.

About tronc

tronc, Inc, a media company, publishes newspapers worldwide. The company operates in two segments, troncM and troncX. It publishes daily newspapers; weekly newspapers; and digital platforms, such as Websites and mobile applications. The company also provides various digital marketing services, which include the development of mobile Websites, search engine marketing and optimization, social media account management, and content marketing for its customers' Web presence for small to medium size businesses.

Featured Story: Short Selling – Explanation For Shorting Stocks

Receive News & Ratings for tronc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for tronc and related companies with MarketBeat.com's FREE daily email newsletter.