tronc (TRNC) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research downgraded shares of tronc (NASDAQ:TRNC) from a buy rating to a hold rating in a research report released on Friday.

According to Zacks, “Tronc, Inc. is a media company. The Company offers sports, entertainment, business, real estate and travel news and information primarily in the United States. Its portfolio of news and information brands includes daily and weekly titles, digital properties and verticals in markets. Tronc, Inc., formerly known as Tribune Publishing Company, is based in CHICAGO, United States. “

A number of other analysts have also commented on TRNC. ValuEngine raised shares of tronc from a hold rating to a buy rating in a report on Friday, October 27th. Noble Financial reaffirmed a buy rating on shares of tronc in a report on Thursday, September 7th.

Shares of tronc (NASDAQ:TRNC) opened at $17.62 on Friday. The company has a current ratio of 1.57, a quick ratio of 1.53 and a debt-to-equity ratio of 4.98. tronc has a fifty-two week low of $10.80 and a fifty-two week high of $18.24. The company has a market cap of $586.29, a price-to-earnings ratio of 12.54 and a beta of 1.64.

Several hedge funds have recently made changes to their positions in TRNC. Vanguard Group Inc. grew its holdings in shares of tronc by 3.9% in the 1st quarter. Vanguard Group Inc. now owns 1,015,745 shares of the company’s stock valued at $14,140,000 after buying an additional 38,463 shares during the period. Geode Capital Management LLC grew its holdings in shares of tronc by 8.5% in the 1st quarter. Geode Capital Management LLC now owns 217,356 shares of the company’s stock valued at $3,025,000 after buying an additional 17,112 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of tronc by 51.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 143,273 shares of the company’s stock valued at $1,994,000 after buying an additional 48,400 shares during the period. Renaissance Technologies LLC grew its holdings in shares of tronc by 28.2% in the 1st quarter. Renaissance Technologies LLC now owns 247,100 shares of the company’s stock valued at $3,440,000 after buying an additional 54,400 shares during the period. Finally, Schwab Charles Investment Management Inc. grew its holdings in shares of tronc by 13.6% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 195,320 shares of the company’s stock valued at $2,719,000 after buying an additional 23,377 shares during the period. 36.04% of the stock is owned by institutional investors.

ILLEGAL ACTIVITY WARNING: This story was originally posted by Week Herald and is the sole property of of Week Herald. If you are accessing this story on another publication, it was copied illegally and reposted in violation of United States and international copyright and trademark legislation. The legal version of this story can be accessed at https://weekherald.com/2017/12/12/tronc-trnc-stock-rating-lowered-by-zacks-investment-research.html.

tronc Company Profile

tronc, Inc, formerly Tribune Publishing Company, is a media company. As of December 25, 2016, the Company operated over 150 titles in nine markets. Its portfolio of news and information brands are in markets, including Los Angeles and San Diego, California; Chicago, Illinois; Fort Lauderdale and Orlando, Florida; Baltimore, Maryland; Hartford, Connecticut; Allentown, Pennsylvania, and Newport News, Virginia.

Get a free copy of the Zacks research report on tronc (TRNC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Leave a Reply