Fmr LLC Maintains Stake in Tribune Media Company (TRCO)
Fmr LLC maintained its stake in shares of Tribune Media Company (NYSE:TRCO) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 82,170 shares of the company’s stock at the close of the 2nd quarter. Fmr LLC owned approximately 0.09% of Tribune Media worth $3,350,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of TRCO. Nationwide Fund Advisors bought a new stake in shares of Tribune Media in the first quarter valued at approximately $103,000. OppenheimerFunds Inc. bought a new stake in shares of Tribune Media in the first quarter valued at approximately $373,000. Teachers Advisors LLC boosted its stake in shares of Tribune Media by 23.8% in the first quarter. Teachers Advisors LLC now owns 176,347 shares of the company’s stock valued at $6,572,000 after buying an additional 33,858 shares during the period. Vanguard Group Inc. boosted its stake in shares of Tribune Media by 8.2% in the first quarter. Vanguard Group Inc. now owns 6,049,595 shares of the company’s stock valued at $225,468,000 after buying an additional 456,589 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Tribune Media by 3.8% in the first quarter. Geode Capital Management LLC now owns 578,726 shares of the company’s stock valued at $21,569,000 after buying an additional 21,390 shares during the period. Institutional investors and hedge funds own 96.03% of the company’s stock.
Several brokerages recently issued reports on TRCO. BidaskClub upgraded Tribune Media from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Zacks Investment Research cut Tribune Media from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 13th. Jefferies Group LLC reiterated a “hold” rating and issued a $42.00 price target on shares of Tribune Media in a research note on Monday, August 14th. Finally, Deutsche Bank AG began coverage on Tribune Media in a research note on Friday, October 20th. They issued a “hold” rating and a $42.00 price target for the company. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $43.88.
Tribune Media Company (NYSE:TRCO) opened at $40.55 on Monday. Tribune Media Company has a 1 year low of $27.75 and a 1 year high of $43.04. The company has a market cap of $3,539.29, a P/E ratio of 25.03, a price-to-earnings-growth ratio of 11.41 and a beta of 1.52. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.99 and a current ratio of 1.99.
Tribune Media (NYSE:TRCO) last announced its quarterly earnings data on Wednesday, August 9th. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.07). Tribune Media had a net margin of 2.49% and a return on equity of 4.38%. The firm had revenue of $469.50 million for the quarter, compared to analyst estimates of $472.56 million. During the same quarter in the prior year, the firm earned $0.52 earnings per share. The firm’s revenue for the quarter was down 2.1% on a year-over-year basis. equities research analysts anticipate that Tribune Media Company will post 1.18 EPS for the current year.
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.
Want to see what other hedge funds are holding TRCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tribune Media Company (NYSE:TRCO).
Receive News & Ratings for Tribune Media Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tribune Media Company and related companies with Analyst Ratings Network's FREE daily email newsletter.