Banco de Sabadell S.A purchased a new stake in Tribune Company Common Stock (NYSE:TRCO) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 15,298 shares of the company’s stock, valued at approximately $584,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wolverine Asset Management LLC lifted its position in shares of Tribune Company Common Stock by 4.5% during the 2nd quarter. Wolverine Asset Management LLC now owns 160,389 shares of the company’s stock valued at $6,138,000 after acquiring an additional 6,897 shares during the period. Natixis lifted its position in shares of Tribune Company Common Stock by 48.6% during the 2nd quarter. Natixis now owns 3,235,795 shares of the company’s stock valued at $123,834,000 after acquiring an additional 1,058,048 shares during the period. BTG Pactual Global Asset Management Ltd lifted its position in shares of Tribune Company Common Stock by 1.1% during the 2nd quarter. BTG Pactual Global Asset Management Ltd now owns 139,246 shares of the company’s stock valued at $5,329,000 after acquiring an additional 1,539 shares during the period. Renaissance Technologies LLC lifted its position in shares of Tribune Company Common Stock by 43.5% during the 2nd quarter. Renaissance Technologies LLC now owns 1,177,700 shares of the company’s stock valued at $45,071,000 after acquiring an additional 356,900 shares during the period. Finally, GABELLI & Co INVESTMENT ADVISERS INC. lifted its position in shares of Tribune Company Common Stock by 26.0% during the 2nd quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 556,838 shares of the company’s stock valued at $21,310,000 after acquiring an additional 115,073 shares during the period. Institutional investors and hedge funds own 94.32% of the company’s stock.

Shares of TRCO stock opened at $37.79 on Friday. The company has a quick ratio of 3.24, a current ratio of 3.24 and a debt-to-equity ratio of 0.86. Tribune Company Common Stock has a twelve month low of $31.61 and a twelve month high of $43.71. The firm has a market cap of $3.26 billion, a P/E ratio of 26.80 and a beta of 1.22.

Tribune Company Common Stock (NYSE:TRCO) last announced its quarterly earnings data on Thursday, August 9th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.40. Tribune Company Common Stock had a return on equity of 7.18% and a net margin of 28.61%. The business had revenue of $489.36 million during the quarter, compared to the consensus estimate of $483.10 million. During the same period in the prior year, the company earned $0.36 EPS. Tribune Company Common Stock’s revenue for the quarter was up 4.2% on a year-over-year basis. research analysts expect that Tribune Company Common Stock will post 3.1 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 4th. Investors of record on Monday, August 20th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, August 17th. This represents a $1.00 annualized dividend and a dividend yield of 2.65%. Tribune Company Common Stock’s dividend payout ratio is currently 70.92%.

A number of analysts have recently weighed in on TRCO shares. Zacks Investment Research downgraded Tribune Company Common Stock from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 12th. ValuEngine downgraded Tribune Company Common Stock from a “sell” rating to a “strong sell” rating in a research report on Monday, July 16th. Stephens upgraded Tribune Company Common Stock from an “equal weight” rating to an “overweight” rating and cut their target price for the company from $45.00 to $41.00 in a research report on Tuesday, July 17th. Wells Fargo & Co cut their target price on Tribune Company Common Stock from $42.00 to $36.00 and set a “market perform” rating for the company in a research report on Wednesday, July 18th. Finally, Evercore ISI began coverage on Tribune Company Common Stock in a research report on Tuesday, July 31st. They set a “buy” rating and a $40.00 target price for the company. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $40.40.

About Tribune Company Common Stock

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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Institutional Ownership by Quarter for Tribune Company Common Stock (NYSE:TRCO)

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