Short Interest in Thomson Reuters Corp (TRI) Increases By 83.6%

Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) was the recipient of a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 3,431,284 shares, an increase of 83.6% from the November 30th total of 1,869,281 shares. Based on an average trading volume of 761,706 shares, the short-interest ratio is presently 4.5 days. Approximately 1.2% of the company’s shares are sold short.

A number of brokerages have weighed in on TRI. Zacks Investment Research upgraded Thomson Reuters from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a report on Friday, January 5th. Scotiabank cut their price objective on shares of Thomson Reuters from $55.00 to $54.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 22nd. Goldman Sachs Group initiated coverage on shares of Thomson Reuters in a research report on Wednesday, November 8th. They issued a “sell” rating and a $40.00 price target on the stock. Credit Suisse Group dropped their price target on shares of Thomson Reuters from $52.00 to $51.00 and set a “neutral” rating on the stock in a research report on Thursday, November 2nd. Finally, Morgan Stanley dropped their price target on shares of Thomson Reuters from $52.00 to $49.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $50.92.

A number of institutional investors have recently bought and sold shares of TRI. Parametric Portfolio Associates LLC increased its position in shares of Thomson Reuters by 1.3% in the third quarter. Parametric Portfolio Associates LLC now owns 283,110 shares of the business services provider’s stock valued at $12,989,000 after acquiring an additional 3,645 shares during the period. AXA increased its position in shares of Thomson Reuters by 1.0% in the third quarter. AXA now owns 368,472 shares of the business services provider’s stock valued at $16,905,000 after acquiring an additional 3,700 shares during the period. Americafirst Capital Management LLC purchased a new position in shares of Thomson Reuters in the third quarter valued at about $492,000. Wunderlich Capital Managemnt increased its position in shares of Thomson Reuters by 4.6% in the third quarter. Wunderlich Capital Managemnt now owns 33,126 shares of the business services provider’s stock valued at $1,520,000 after acquiring an additional 1,455 shares during the period. Finally, Janney Montgomery Scott LLC purchased a new position in shares of Thomson Reuters in the third quarter valued at about $328,000. 24.51% of the stock is owned by institutional investors and hedge funds.

Thomson Reuters (NYSE TRI) opened at $43.72 on Thursday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.41. Thomson Reuters has a fifty-two week low of $42.22 and a fifty-two week high of $48.61. The company has a market cap of $31,110.00, a price-to-earnings ratio of 29.54, a price-to-earnings-growth ratio of 2.02 and a beta of 0.71.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last posted its quarterly earnings data on Wednesday, November 1st. The business services provider reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.10. The company had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.82 billion. Thomson Reuters had a net margin of 12.43% and a return on equity of 10.43%. The firm’s revenue was up 1.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.54 EPS. equities research analysts anticipate that Thomson Reuters will post 2.46 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Thursday, November 16th were paid a $0.345 dividend. This represents a $1.38 annualized dividend and a yield of 3.16%. The ex-dividend date was Wednesday, November 15th. Thomson Reuters’s dividend payout ratio is presently 93.24%.

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About Thomson Reuters

Thomson Reuters Corp (Thomson Reuters) is a Canada-based provider of news and information for professional markets. The Company is organized in three business units: Financial & Risk, Legal, and Tax & Accounting. The Financial & Risk unit is a provider of critical news, information and analytics, enabling transactions and connecting communities of trading, investment, financial and corporate professionals.

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