Tribune Media Company (TRCO) Shares Sold by TIAA CREF Investment Management LLC
TIAA CREF Investment Management LLC decreased its stake in shares of Tribune Media Company (NYSE:TRCO) by 12.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 200,708 shares of the company’s stock after selling 27,459 shares during the period. TIAA CREF Investment Management LLC owned about 0.23% of Tribune Media worth $8,183,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. P Schoenfeld Asset Management LP bought a new position in Tribune Media during the second quarter valued at approximately $18,969,000. Omni Partners LLP lifted its position in Tribune Media by 283.2% during the second quarter. Omni Partners LLP now owns 383,181 shares of the company’s stock valued at $15,622,000 after purchasing an additional 283,181 shares during the period. OMERS ADMINISTRATION Corp bought a new position in Tribune Media during the second quarter valued at approximately $25,824,000. Hosking Partners LLP lifted its position in Tribune Media by 1.6% during the second quarter. Hosking Partners LLP now owns 282,538 shares of the company’s stock valued at $11,519,000 after purchasing an additional 4,564 shares during the period. Finally, State of Wisconsin Investment Board lifted its position in Tribune Media by 1,192.8% during the second quarter. State of Wisconsin Investment Board now owns 189,053 shares of the company’s stock valued at $7,708,000 after purchasing an additional 174,430 shares during the period. Institutional investors own 97.12% of the company’s stock.
A number of brokerages recently weighed in on TRCO. BidaskClub upgraded shares of Tribune Media from a “sell” rating to a “hold” rating in a research report on Wednesday, September 20th. Zacks Investment Research raised shares of Tribune Media from a “sell” rating to a “hold” rating in a report on Tuesday, August 15th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $42.00 target price on shares of Tribune Media in a report on Monday, August 14th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. Tribune Media presently has a consensus rating of “Hold” and a consensus price target of $44.50.
Shares of Tribune Media Company (TRCO) opened at 40.78 on Tuesday. Tribune Media Company has a one year low of $27.75 and a one year high of $43.04. The stock has a market capitalization of $3.56 billion, a PE ratio of 73.48 and a beta of 1.53. The firm’s 50-day moving average is $40.30 and its 200-day moving average is $39.85.
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 business had revenue of $469.50 million for the quarter, compared to analyst estimates of $472.56 million. During the same quarter in the previous year, the firm posted $0.52 earnings per share. The business’s revenue was down 2.1% on a year-over-year basis. On average, analysts expect that Tribune Media Company will post $1.29 earnings per share for the current fiscal year.
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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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