Tribune Media Co (TRCO) Receives Consensus Rating of “Hold” from Brokerages

Tribune Media Co (NYSE:TRCO) has been given a consensus recommendation of “Hold” by the eight ratings firms that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $44.70.

Several analysts have commented on TRCO shares. Deutsche Bank started coverage on shares of Tribune Media in a research note on Friday, October 20th. They set a “hold” rating and a $42.00 price objective for the company. Zacks Investment Research upgraded shares of Tribune Media from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 15th. Finally, BidaskClub cut shares of Tribune Media from a “hold” rating to a “sell” rating in a research note on Thursday, September 14th.

Tribune Media (NYSE TRCO) remained flat at $$41.87 during mid-day trading on Monday. The company had a trading volume of 839,600 shares, compared to its average volume of 1,087,600. The company has a market capitalization of $3,655.29, a price-to-earnings ratio of -31.48, a PEG ratio of 8.18 and a beta of 1.51. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.76 and a current ratio of 1.76. Tribune Media has a 12 month low of $27.75 and a 12 month high of $43.04.

Tribune Media (NYSE:TRCO) last released its earnings results on Wednesday, November 8th. The company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.06). The company had revenue of $450.53 million during the quarter, compared to analyst estimates of $459.81 million. Tribune Media had a positive return on equity of 4.11% and a negative net margin of 6.12%. The firm’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter last year, the business earned $0.56 earnings per share. sell-side analysts predict that Tribune Media will post 1.11 EPS for the current year.

In related news, insider Tribune L.P. Oaktree sold 7,000,000 shares of the business’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $40.36, for a total value of $282,520,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.55% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in shares of Tribune Media by 0.3% in the 2nd quarter. Vanguard Group Inc. now owns 6,066,444 shares of the company’s stock valued at $247,329,000 after purchasing an additional 16,849 shares during the period. Pentwater Capital Management LP acquired a new position in shares of Tribune Media in the 2nd quarter valued at $228,312,000. Magnetar Financial LLC lifted its stake in shares of Tribune Media by 1.5% in the 3rd quarter. Magnetar Financial LLC now owns 3,494,856 shares of the company’s stock valued at $142,800,000 after purchasing an additional 50,070 shares during the period. Alpine Associates Management Inc. acquired a new position in shares of Tribune Media in the 2nd quarter valued at $108,957,000. Finally, York Capital Management Global Advisors LLC lifted its stake in shares of Tribune Media by 208.4% in the 2nd quarter. York Capital Management Global Advisors LLC now owns 1,549,379 shares of the company’s stock valued at $63,168,000 after purchasing an additional 1,047,037 shares during the period. Hedge funds and other institutional investors own 90.77% of the company’s stock.

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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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