Mraz Amerine & Associates Inc. trimmed its holdings in Postmedia Network Canada Corp. (NYSE:PNC) by 7.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,715 shares of the company’s stock after selling 456 shares during the period. Mraz Amerine & Associates Inc.’s holdings in Postmedia Network Canada Corp. were worth $770,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. grew its position in Postmedia Network Canada Corp. by 1.8% in the second quarter. Vanguard Group Inc. now owns 32,555,070 shares of the company’s stock worth $4,065,151,000 after acquiring an additional 589,235 shares in the last quarter. BlackRock Inc. grew its position in Postmedia Network Canada Corp. by 1.3% in the second quarter. BlackRock Inc. now owns 27,475,136 shares of the company’s stock worth $3,430,820,000 after acquiring an additional 341,222 shares in the last quarter. FMR LLC grew its position in Postmedia Network Canada Corp. by 13.9% in the second quarter. FMR LLC now owns 15,676,614 shares of the company’s stock worth $1,957,539,000 after acquiring an additional 1,915,923 shares in the last quarter. JPMorgan Chase & Co. grew its position in Postmedia Network Canada Corp. by 7.4% in the second quarter. JPMorgan Chase & Co. now owns 12,752,413 shares of the company’s stock worth $1,592,394,000 after acquiring an additional 875,164 shares in the last quarter. Finally, Capital World Investors grew its position in Postmedia Network Canada Corp. by 6.9% in the second quarter. Capital World Investors now owns 10,112,603 shares of the company’s stock worth $1,262,761,000 after acquiring an additional 654,997 shares in the last quarter.

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In other news, insider Wyk Steven C. Van sold 5,000 shares of the stock in a transaction on Thursday, October 19th. The shares were sold at an average price of C$135.00, for a total value of C$675,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Karen L. Larrimer sold 3,135 shares of the stock in a transaction on Monday, October 30th. The shares were sold at an average price of C$136.98, for a total transaction of C$429,432.30. Following the completion of the transaction, the insider now owns 20,449 shares of the company’s stock, valued at approximately C$2,801,104.02. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,640 shares of company stock valued at $1,729,952.

Shares of Postmedia Network Canada Corp. (NYSE PNC) traded down C$0.07 during mid-day trading on Friday, hitting C$132.48. 1,930,000 shares of the stock were exchanged, compared to its average volume of 1,640,000. Postmedia Network Canada Corp. has a 52 week low of C$104.78 and a 52 week high of C$139.23.

Postmedia Network Canada Corp. (NYSE:PNC) last announced its quarterly earnings data on Friday, October 13th. The company reported C$2.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$2.13 by C$0.03. Postmedia Network Canada Corp. had a net margin of 27.30% and a return on equity of 9.07%. The company had revenue of C$4.13 billion during the quarter, compared to analysts’ expectations of C$4.09 billion. During the same quarter in the prior year, the company posted $1.84 EPS. The business’s revenue was up 7.7% on a year-over-year basis.

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, November 5th. Stockholders of record on Tuesday, October 17th were paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date of this dividend was Monday, October 16th.

PNC has been the subject of several recent research reports. Wells Fargo & Company set a $135.00 target price on shares of Postmedia Network Canada Corp. and gave the stock a “hold” rating in a research report on Thursday, October 19th. Sanford C. Bernstein reissued a “market perform” rating and issued a $134.00 target price on shares of Postmedia Network Canada Corp. in a research report on Tuesday, October 3rd. Citigroup Inc. reissued a “neutral” rating and issued a $144.00 target price (up from $125.00) on shares of Postmedia Network Canada Corp. in a research report on Monday, October 9th. Stephens downgraded shares of Postmedia Network Canada Corp. from an “overweight” rating to an “equal weight” rating in a research report on Thursday, October 5th. They noted that the move was a valuation call. Finally, J P Morgan Chase & Co reissued an “overweight” rating and issued a $139.50 target price (up from $138.50) on shares of Postmedia Network Canada Corp. in a research report on Friday, October 6th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. Postmedia Network Canada Corp. has an average rating of “Hold” and an average target price of C$133.99.

Postmedia Network Canada Corp. Profile

The PNC Financial Services Group, Inc is a diversified financial services company. The Company has businesses engaged in retail banking, including residential mortgage, corporate and institutional banking and asset management. The Company operates through four segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, and BlackRock.

Institutional Ownership by Quarter for Postmedia Network Canada Corp. (NYSE:PNC)

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