JPMorgan Chase & Co. Buys 26,299 Shares of tronc, Inc. (TRNC)
JPMorgan Chase & Co. boosted its stake in tronc, Inc. (NASDAQ:TRNC) by 12.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 233,099 shares of the company’s stock after purchasing an additional 26,299 shares during the period. JPMorgan Chase & Co. owned approximately 0.69% of tronc worth $3,382,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Macquarie Group Ltd. acquired a new stake in tronc in the 3rd quarter valued at $482,000. SG Americas Securities LLC acquired a new stake in shares of tronc during the third quarter valued at about $160,000. Cambridge Investment Research Advisors Inc. grew its stake in shares of tronc by 22.2% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 44,673 shares of the company’s stock valued at $649,000 after acquiring an additional 8,125 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of tronc by 81.9% during the third quarter. Russell Investments Group Ltd. now owns 12,732 shares of the company’s stock valued at $184,000 after acquiring an additional 5,732 shares in the last quarter. Finally, Smith Asset Management Group LP acquired a new stake in shares of tronc during the third quarter valued at about $212,000. Hedge funds and other institutional investors own 36.04% of the company’s stock.
Shares of tronc, Inc. (NASDAQ:TRNC) opened at $17.86 on Thursday. The company has a debt-to-equity ratio of 4.98, a quick ratio of 1.53 and a current ratio of 1.57. The firm has a market capitalization of $591.00, a PE ratio of 24.81 and a beta of 1.85. tronc, Inc. has a 52 week low of $10.80 and a 52 week high of $18.37.
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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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