Athos Capital Ltd reduced its position in shares of Tribune Media Company (NYSE:TRCO) by 86.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,300 shares of the company’s stock after selling 51,700 shares during the period. Tribune Media accounts for about 0.7% of Athos Capital Ltd’s holdings, making the stock its 23rd biggest holding. Athos Capital Ltd’s holdings in Tribune Media were worth $989,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC acquired a new stake in Tribune Media during the second quarter worth about $1,981,000. P Schoenfeld Asset Management LP acquired a new stake in shares of Tribune Media during the second quarter valued at about $18,969,000. Omni Partners LLP increased its position in shares of 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 acquiring an additional 283,181 shares during the last quarter. Alliancebernstein L.P. increased its position in shares of Tribune Media by 68.6% during the second quarter. Alliancebernstein L.P. now owns 79,490 shares of the company’s stock valued at $3,241,000 after acquiring an additional 32,356 shares during the last quarter. Finally, Leucadia National Corp acquired a new stake in shares of Tribune Media during the second quarter valued at about $10,666,000. Hedge funds and other institutional investors own 96.16% of the company’s stock.
Tribune Media Company (NYSE:TRCO) traded up 0.17% on Monday, hitting $40.85. 166,442 shares of the stock traded hands. The stock has a market cap of $3.56 billion, a price-to-earnings ratio of 73.60 and a beta of 1.53. Tribune Media Company has a 12-month low of $27.75 and a 12-month high of $43.04. The firm’s 50-day moving average price is $40.57 and its 200-day moving average price is $40.15.
Tribune Media (NYSE:TRCO) last posted its earnings results on Wednesday, August 9th. The company reported $0.36 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.07). The business had revenue of $469.50 million for the quarter, compared to analyst estimates of $472.56 million. Tribune Media had a return on equity of 4.38% and a net margin of 2.49%. The firm’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period last year, the company posted $0.52 EPS. On average, equities research analysts anticipate that Tribune Media Company will post $1.25 EPS for the current fiscal year.
TRCO has been the subject of a number of recent analyst reports. BidaskClub cut shares of Tribune Media from a “hold” rating to a “sell” rating in a research report on Monday, October 23rd. Deutsche Bank AG initiated coverage on shares of Tribune Media in a research report on Friday, October 20th. They set a “hold” rating and a $42.00 price target for the company. Zacks Investment Research cut shares of Tribune Media from a “hold” rating to a “strong sell” rating in a research report on Saturday, October 21st. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $42.00 price target on shares of Tribune Media in a research report on Monday, August 14th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. Tribune Media presently has an average rating of “Hold” and a consensus target price of $43.88.
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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