A number of other research analysts have also issued reports on TRNC. Zacks Investment Research upgraded shares of tronc from a sell rating to a hold rating in a research note on Tuesday, November 7th. ValuEngine upgraded shares of tronc from a hold rating to a buy rating in a research note on Sunday, December 31st. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $21.50.
Shares of tronc (TRNC) traded up $0.22 during trading on Wednesday, reaching $19.23. 73,472 shares of the company’s stock were exchanged, compared to its average volume of 72,017. The company has a debt-to-equity ratio of 4.98, a current ratio of 1.57 and a quick ratio of 1.53. tronc has a twelve month low of $10.80 and a twelve month high of $19.30. The firm has a market cap of $644.08, a price-to-earnings ratio of 27.08 and a beta of 1.64.
Several large investors have recently added to or reduced their stakes in TRNC. Schwab Charles Investment Management Inc. increased its stake in shares of tronc by 3.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 202,295 shares of the company’s stock worth $2,608,000 after acquiring an additional 6,975 shares during the period. Prudential Financial Inc. increased its stake in shares of tronc by 56.5% in the second quarter. Prudential Financial Inc. now owns 64,510 shares of the company’s stock worth $832,000 after acquiring an additional 23,290 shares during the period. Wells Fargo & Company MN increased its stake in shares of tronc by 11.7% in the second quarter. Wells Fargo & Company MN now owns 23,927 shares of the company’s stock worth $308,000 after acquiring an additional 2,507 shares during the period. Alliancebernstein L.P. acquired a new stake in shares of tronc in the second quarter worth $197,000. Finally, TIAA CREF Investment Management LLC increased its stake in shares of tronc by 38.2% in the second quarter. TIAA CREF Investment Management LLC now owns 95,596 shares of the company’s stock worth $1,232,000 after acquiring an additional 26,445 shares during the period. Hedge funds and other institutional investors own 36.04% of the company’s stock.
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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.
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