Cornerstone Capital Management Holdings LLC. increased its holdings in shares of tronc, Inc. (NASDAQ:TRNC) by 9.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 195,301 shares of the company’s stock after purchasing an additional 17,200 shares during the period. Cornerstone Capital Management Holdings LLC. owned approximately 0.58% of tronc worth $2,837,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TRNC. Vanguard Group Inc. boosted its holdings in tronc by 3.9% in the second quarter. Vanguard Group Inc. now owns 1,055,406 shares of the company’s stock worth $13,603,000 after acquiring an additional 39,661 shares in the last quarter. State Street Corp boosted its holdings in tronc by 2.6% in the second quarter. State Street Corp now owns 449,834 shares of the company’s stock worth $5,798,000 after acquiring an additional 11,479 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in tronc by 27.3% in the third quarter. Dimensional Fund Advisors LP now owns 364,899 shares of the company’s stock worth $5,302,000 after acquiring an additional 78,322 shares in the last quarter. GSA Capital Partners LLP boosted its holdings in tronc by 47.8% in the second quarter. GSA Capital Partners LLP now owns 324,781 shares of the company’s stock worth $4,186,000 after acquiring an additional 104,976 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its holdings in tronc by 38.5% in the third quarter. Schwab Charles Investment Management Inc. now owns 280,094 shares of the company’s stock worth $4,070,000 after acquiring an additional 77,799 shares in the last quarter. 36.04% of the stock is owned by institutional investors and hedge funds.

tronc, Inc. (NASDAQ TRNC) opened at $17.57 on Tuesday. 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. The firm has a market capitalization of $581.25, a P/E ratio of 12.54 and a beta of 1.85.

Several research analysts have issued reports on the company. Zacks Investment Research lowered tronc from a “buy” rating to a “hold” rating in a report on Friday, December 8th. ValuEngine upgraded tronc from a “hold” rating to a “buy” rating in a report on Friday, October 27th. Finally, Noble Financial reiterated a “buy” rating on shares of tronc in a report on Thursday, September 7th.

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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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Institutional Ownership by Quarter for tronc (NASDAQ:TRNC)

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