GSA Capital Partners LLP Reduces Stake in tronc, Inc. (TRNC)
GSA Capital Partners LLP cut its stake in tronc, Inc. (NASDAQ:TRNC) by 15.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 275,505 shares of the company’s stock after selling 49,276 shares during the quarter. tronc makes up 0.3% of GSA Capital Partners LLP’s portfolio, making the stock its 19th biggest holding. GSA Capital Partners LLP owned 0.82% of tronc worth $4,003,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of TRNC. Citigroup Inc. increased its stake in shares of tronc by 20,605.2% in the second quarter. Citigroup Inc. now owns 12,009 shares of the company’s stock worth $155,000 after acquiring an additional 11,951 shares during the last quarter. Citadel Advisors LLC acquired a new position in shares of tronc in the third quarter worth $159,000. SG Americas Securities LLC acquired a new position in shares of tronc in the third quarter worth $160,000. LMR Partners LLP acquired a new position in shares of tronc in the second quarter worth $172,000. Finally, Voya Investment Management LLC increased its stake in shares of tronc by 21.7% in the second quarter. Voya Investment Management LLC now owns 13,748 shares of the company’s stock worth $177,000 after acquiring an additional 2,451 shares during the last quarter. 36.04% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts recently issued reports on TRNC shares. Zacks Investment Research cut shares of tronc from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 4th. Noble Financial reiterated a “buy” rating on shares of tronc in a report on Thursday, September 7th. Finally, ValuEngine upgraded shares of tronc from a “hold” rating to a “buy” rating in a report on Friday, October 27th.
Shares of tronc, Inc. (NASDAQ TRNC) opened at $17.49 on Thursday. The stock has a market cap of $578.90, a price-to-earnings ratio of 12.49 and a beta of 1.85. tronc, Inc. has a fifty-two week low of $10.80 and a fifty-two week high of $18.24. The company has a quick ratio of 1.53, a current ratio of 1.57 and a debt-to-equity ratio of 4.98.
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tronc Company Profile
tronc, Inc, formerly Tribune Publishing Company, is a media company. As of December 25, 2016, the Company operated over 150 titles in nine markets. Its portfolio of news and information brands are in markets, including Los Angeles and San Diego, California; Chicago, Illinois; Fort Lauderdale and Orlando, Florida; Baltimore, Maryland; Hartford, Connecticut; Allentown, Pennsylvania, and Newport News, Virginia.
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