Quad Capital Management Advisors LLC lifted its stake in shares of Tribune Media Services (NYSE:TRCO) by 899.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 158,740 shares of the company’s stock after acquiring an additional 142,850 shares during the period. Tribune Media Services makes up 2.8% of Quad Capital Management Advisors LLC’s investment portfolio, making the stock its 5th biggest position. Quad Capital Management Advisors LLC owned about 0.18% of Tribune Media Services worth $6,742,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cerebellum GP LLC bought a new stake in Tribune Media Services in the fourth quarter worth $132,000. Nationwide Fund Advisors lifted its stake in Tribune Media Services by 80.6% in the second quarter. Nationwide Fund Advisors now owns 4,976 shares of the company’s stock worth $203,000 after purchasing an additional 2,220 shares during the last quarter. LMR Partners LLP bought a new stake in Tribune Media Services in the third quarter worth $204,000. State of Alaska Department of Revenue bought a new stake in Tribune Media Services in the fourth quarter worth $212,000. Finally, Vident Investment Advisory LLC bought a new stake in Tribune Media Services in the third quarter worth $251,000. 87.90% of the stock is owned by institutional investors.
TRCO stock opened at $40.25 on Friday. Tribune Media Services has a 12-month low of $36.18 and a 12-month high of $43.71. The stock has a market capitalization of $3,527.76, a price-to-earnings ratio of 28.55, a PEG ratio of 9.96 and a beta of 1.32. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.98 and a current ratio of 1.98.
Tribune Media Services (NYSE:TRCO) last released its quarterly earnings data on Thursday, March 1st. The company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.31. Tribune Media Services had a net margin of 10.50% and a return on equity of 4.13%. The firm had revenue of $489.00 million for the quarter, compared to analysts’ expectations of $488.13 million. During the same quarter in the previous year, the company earned $0.85 earnings per share. The company’s revenue for the quarter was down 7.7% compared to the same quarter last year. equities analysts predict that Tribune Media Services will post 2.03 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 26th. Shareholders of record on Monday, March 12th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date of this dividend was Friday, March 9th. Tribune Media Services’s payout ratio is 70.92%.
Separately, Zacks Investment Research downgraded shares of Tribune Media Services from a “hold” rating to a “sell” rating in a research note on Thursday, January 25th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $44.10.
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About Tribune Media Services
Tribune Media Company, through its subsidiaries, operates as a media and entertainment company in the United States. It offers news, entertainment, and sports programming through Tribune Broadcasting local television stations, including FOX television affiliates, CW Network, LLC television affiliates, CBS television affiliates, ABC television affiliates, MY television affiliates, NBC television affiliates, and independent television stations; and television series and movies on WGN America, a national general entertainment cable network.
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