Rhumbline Advisers boosted its holdings in shares of Tribune Media Services (NYSE:TRCO) by 4.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 68,003 shares of the company’s stock after acquiring an additional 2,831 shares during the quarter. Rhumbline Advisers owned 0.08% of Tribune Media Services worth $2,888,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in TRCO. Cerebellum GP LLC bought a new position in shares of Tribune Media Services in the 4th quarter valued at approximately $132,000. LMR Partners LLP bought a new position in Tribune Media Services in the 3rd quarter worth approximately $204,000. State of Alaska Department of Revenue bought a new position in Tribune Media Services in the 4th quarter worth approximately $212,000. Vident Investment Advisory LLC bought a new position in Tribune Media Services in the 3rd quarter worth approximately $251,000. Finally, Public Employees Retirement Association of Colorado increased its position in Tribune Media Services by 233.9% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 7,620 shares of the company’s stock worth $324,000 after buying an additional 5,338 shares during the period. Hedge funds and other institutional investors own 87.90% of the company’s stock.
Tribune Media Services stock traded down $0.03 on Friday, reaching $40.25. The company’s stock had a trading volume of 798,553 shares, compared to its average volume of 433,950. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.98 and a current ratio of 1.98. The firm has a market cap of $3,521.63, a P/E ratio of 28.55, a P/E/G ratio of 9.94 and a beta of 1.32. Tribune Media Services has a twelve month low of $36.18 and a twelve month high of $43.71.
Tribune Media Services (NYSE:TRCO) last posted its quarterly earnings data on Thursday, March 1st. The company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.31. The company had revenue of $489.00 million for the quarter, compared to analyst estimates of $488.13 million. Tribune Media Services had a return on equity of 4.13% and a net margin of 10.50%. The business’s revenue was down 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.85 earnings per share. equities research analysts predict that Tribune Media Services will post 2.03 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, March 26th. Stockholders of record on Monday, March 12th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.48%. The ex-dividend date of this dividend was Friday, March 9th. Tribune Media Services’s dividend payout ratio (DPR) is presently 70.92%.
Separately, Zacks Investment Research upgraded Tribune Media Services from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a research report on Tuesday, March 27th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $44.10.
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Tribune Media Services Company Profile
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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