Aperio Group LLC Acquires 503 Shares of Tribune Media Company (TRCO)
Aperio Group LLC raised its position in shares of Tribune Media Company (NYSE:TRCO) by 6.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,587 shares of the company’s stock after buying an additional 503 shares during the period. Aperio Group LLC’s holdings in Tribune Media were worth $350,000 as of its most recent filing with the SEC.
A number of other hedge funds have also made changes to their positions in TRCO. Havens Advisors LLC purchased a new stake in Tribune Media during the second quarter valued at about $4,419,000. Goldman Sachs Group Inc. raised its stake in Tribune Media by 9.6% in the first quarter. Goldman Sachs Group Inc. now owns 227,143 shares of the company’s stock valued at $8,466,000 after buying an additional 19,909 shares during the last quarter. FNY Partners Fund LP purchased a new stake in Tribune Media during the first quarter valued at about $1,086,000. HighTower Advisors LLC raised its stake in Tribune Media by 36.2% in the first quarter. HighTower Advisors LLC now owns 66,029 shares of the company’s stock valued at $2,460,000 after buying an additional 17,555 shares during the last quarter. Finally, Credit Suisse AG raised its stake in Tribune Media by 115.5% in the first quarter. Credit Suisse AG now owns 124,494 shares of the company’s stock valued at $4,640,000 after buying an additional 66,721 shares during the last quarter. Institutional investors and hedge funds own 97.18% of the company’s stock.
Tribune Media Company (NYSE:TRCO) traded down 1.01% during mid-day trading on Thursday, hitting $40.15. 496,501 shares of the stock traded hands. Tribune Media Company has a 52-week low of $27.75 and a 52-week high of $43.04. The firm’s 50-day moving average is $40.91 and its 200 day moving average is $38.73. The firm has a market cap of $3.50 billion, a P/E ratio of 72.34 and a beta of 1.52.
Tribune Media (NYSE:TRCO) last announced its quarterly earnings data on Wednesday, August 9th. The company reported $0.36 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.43 by $0.07. The company had revenue of $469.50 million for the quarter, compared to the consensus estimate of $472.56 million. Tribune Media had a net margin of 2.49% and a return on equity of 4.38%. The company’s revenue was down 2.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.52 earnings per share. Equities analysts predict that Tribune Media Company will post $1.16 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Monday, August 21st will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, August 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.47%. Tribune Media’s dividend payout ratio (DPR) is presently 204.08%.
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Several analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Tribune Media from a “sell” rating to a “hold” rating in a research note on Tuesday, August 15th. Jefferies Group LLC reiterated a “hold” rating and issued a $42.00 target price on shares of Tribune Media in a research note on Monday, August 14th. Morgan Stanley upgraded shares of Tribune Media from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $37.00 to $43.50 in a research note on Tuesday, May 9th. Finally, Gabelli lowered shares of Tribune Media from a “buy” rating to a “sell” rating in a research note on Tuesday, May 9th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $44.50.
About Tribune Media
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, 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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