Sidoti began coverage on shares of tronc (NASDAQ:TRNC) in a research report released on Wednesday, MarketBeat reports. The brokerage issued a buy rating and a $25.00 price target on the stock.
A number of other research analysts have also issued reports on TRNC. Zacks Investment Research raised tronc from a sell rating to a hold rating in a report on Tuesday, November 7th. ValuEngine raised tronc from a hold rating to a buy rating in a report on Sunday, December 31st. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $21.50.
Shares of tronc (TRNC) opened at $19.53 on Wednesday. The firm has a market capitalization of $646.10, a price-to-earnings ratio of 27.13 and a beta of 1.85. 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 twelve month low of $10.80 and a twelve month high of $19.65.
tronc (NASDAQ:TRNC) last issued its quarterly earnings results on Wednesday, November 1st. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.29. tronc had a return on equity of 65.52% and a net margin of 1.67%. research analysts forecast that tronc will post 0.73 earnings per share for the current year.
A number of large investors have recently added to or reduced their stakes in TRNC. Acadian Asset Management LLC grew its holdings in tronc by 67.4% during the fourth quarter. Acadian Asset Management LLC now owns 715,384 shares of the company’s stock worth $12,584,000 after acquiring an additional 287,998 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of tronc by 100.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 286,577 shares of the company’s stock valued at $3,694,000 after purchasing an additional 143,304 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of tronc by 358.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 114,570 shares of the company’s stock valued at $1,477,000 after purchasing an additional 89,577 shares during the period. Algert Global LLC boosted its position in shares of tronc by 77.5% in the 3rd quarter. Algert Global LLC now owns 180,607 shares of the company’s stock valued at $2,624,000 after purchasing an additional 78,841 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of tronc by 38.5% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 280,094 shares of the company’s stock valued at $4,070,000 after purchasing an additional 77,799 shares during the period. 36.04% of the stock is currently owned by hedge funds and other institutional investors.
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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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