Tribune Media Co (NYSE:TRCO) has been given a consensus recommendation of “Hold” by the eight analysts that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $43.88.
A number of brokerages have recently weighed in on TRCO. Zacks Investment Research raised shares of Tribune Media from a “sell” rating to a “hold” rating in a research report on Tuesday, February 6th. BidaskClub cut shares of Tribune Media from a “hold” rating to a “sell” rating in a research report on Tuesday, November 7th.
Tribune Media (NYSE:TRCO) traded down $0.37 on Tuesday, reaching $42.05. 279,805 shares of the company’s stock were exchanged, compared to its average volume of 1,160,336. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 1.01. Tribune Media has a 12-month low of $34.33 and a 12-month high of $43.71. The firm has a market cap of $3,671.88, a price-to-earnings ratio of -31.70, a PEG ratio of 7.99 and a beta of 1.44.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Nisa Investment Advisors LLC boosted its position in shares of Tribune Media by 9.2% during the fourth quarter. Nisa Investment Advisors LLC now owns 15,400 shares of the company’s stock worth $654,000 after purchasing an additional 1,300 shares in the last quarter. Hosking Partners LLP lifted its position in Tribune Media by 0.5% in the 3rd quarter. Hosking Partners LLP now owns 283,878 shares of the company’s stock valued at $11,599,000 after acquiring an additional 1,340 shares in the last quarter. Jane Street Group LLC lifted its position in Tribune Media by 16.5% in the 3rd quarter. Jane Street Group LLC now owns 9,823 shares of the company’s stock valued at $401,000 after acquiring an additional 1,389 shares in the last quarter. Amalgamated Bank lifted its position in Tribune Media by 16.7% in the 4th quarter. Amalgamated Bank now owns 15,259 shares of the company’s stock valued at $648,000 after acquiring an additional 2,179 shares in the last quarter. Finally, Nationwide Fund Advisors lifted its position in Tribune Media by 80.6% in the 2nd quarter. Nationwide Fund Advisors now owns 4,976 shares of the company’s stock valued at $203,000 after acquiring an additional 2,220 shares in the last quarter. 91.63% of the stock is currently owned by institutional investors.
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.
Receive News & Ratings for Tribune Media Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tribune Media and related companies with MarketBeat.com's FREE daily email newsletter.