Tribune (TRCO) Reaches New 52-Week High at $46.45

Shares of Tribune (NYSE:TRCO) reached a new 52-week high on Thursday . The stock traded as high as $46.45 and last traded at $46.44, with a volume of 45087 shares traded. The stock had previously closed at $46.43.

Several brokerages have recently commented on TRCO. ValuEngine raised shares of Tribune from a “sell” rating to a “hold” rating in a research note on Saturday, December 1st. FinnCap began coverage on shares of Tribune in a research note on Tuesday, November 27th. They set a “buy” rating for the company. Gabelli began coverage on shares of Tribune in a research note on Tuesday, November 27th. They set a “buy” rating for the company. Zacks Investment Research downgraded shares of Tribune from a “buy” rating to a “hold” rating in a research note on Friday, November 30th. Finally, Wolfe Research began coverage on shares of Tribune in a research note on Friday, December 7th. They set an “underperform” rating and a $44.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $42.17.

The company has a market cap of $4.05 billion, a P/E ratio of 32.77, a PEG ratio of 2.60 and a beta of 0.59. The company has a current ratio of 3.35, a quick ratio of 3.35 and a debt-to-equity ratio of 0.85.

Several large investors have recently modified their holdings of the company. Bank of New York Mellon Corp increased its position in shares of Tribune by 1.3% during the second quarter. Bank of New York Mellon Corp now owns 469,330 shares of the company’s stock valued at $17,961,000 after buying an additional 6,165 shares during the period. Northern Trust Corp increased its position in shares of Tribune by 25.3% during the second quarter. Northern Trust Corp now owns 459,359 shares of the company’s stock valued at $17,580,000 after buying an additional 92,622 shares during the period. First Trust Advisors LP increased its position in shares of Tribune by 80.8% during the third quarter. First Trust Advisors LP now owns 166,238 shares of the company’s stock valued at $6,389,000 after buying an additional 74,286 shares during the period. Russell Investments Group Ltd. increased its position in shares of Tribune by 69.5% during the third quarter. Russell Investments Group Ltd. now owns 201,998 shares of the company’s stock valued at $7,761,000 after buying an additional 82,850 shares during the period. Finally, W.E. Donoghue & Co. LLC increased its position in shares of Tribune by 98.8% during the third quarter. W.E. Donoghue & Co. LLC now owns 26,530 shares of the company’s stock valued at $1,020,000 after buying an additional 13,183 shares during the period. 98.11% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: This report was first published by Community Financial News and is the sole property of of Community Financial News. If you are viewing this report on another website, it was copied illegally and reposted in violation of U.S. and international copyright and trademark law. The original version of this report can be read at https://www.com-unik.info/2019/02/23/tribune-trco-reaches-new-52-week-high-at-46-45.html.

About Tribune (NYSE:TRCO)

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, MY television affiliates, NBC television affiliates, and independent television stations; and television series and movies on WGN America, a national general entertainment cable network.

Further Reading: Hedge Funds – How They Work For Investors

Receive News & Ratings for Tribune Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tribune and related companies with MarketBeat.com's FREE daily email newsletter.



Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit