American Century Companies Inc. acquired a new position in shares of tronc Inc (NASDAQ:TRNC) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 34,812 shares of the company’s stock, valued at approximately $612,000.
Other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its position in shares of tronc by 12.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 233,099 shares of the company’s stock worth $3,382,000 after purchasing an additional 26,299 shares during the last quarter. Prudential Financial Inc. raised its stake in tronc by 43.0% during the 3rd quarter. Prudential Financial Inc. now owns 92,220 shares of the company’s stock worth $1,340,000 after acquiring an additional 27,710 shares in the last quarter. Vanguard Group Inc. raised its stake in tronc by 3.9% during the 2nd 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. Wells Fargo & Company MN raised its stake in tronc by 122.5% during the 3rd quarter. Wells Fargo & Company MN now owns 53,248 shares of the company’s stock worth $773,000 after acquiring an additional 29,321 shares in the last quarter. Finally, TIAA CREF Investment Management LLC raised its stake in tronc by 38.2% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 95,596 shares of the company’s stock worth $1,232,000 after acquiring an additional 26,445 shares in the last quarter. 38.04% of the stock is owned by institutional investors and hedge funds.
Shares of tronc Inc (TRNC) opened at $19.13 on Thursday. tronc Inc has a one year low of $10.80 and a one year high of $24.74. The company has a debt-to-equity ratio of 4.98, a quick ratio of 1.53 and a current ratio of 1.57. The company has a market cap of $654.16, a price-to-earnings ratio of 26.57 and a beta of 1.94.
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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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