tronc (NASDAQ:TRNC) was upgraded by analysts at Noble Financial to a “buy” rating in a report issued on Monday. The firm currently has a $19.00 target price on the stock. Noble Financial’s target price points to a potential upside of 22.66% from the company’s previous close.
Several other research analysts also recently weighed in on the company. BidaskClub downgraded tronc from a “buy” rating to a “hold” rating in a research note on Thursday, February 15th. Zacks Investment Research downgraded tronc from a “hold” rating to a “sell” rating in a research note on Friday, March 9th. Sidoti initiated coverage on tronc in a research note on Wednesday, January 17th. They set a “buy” rating and a $25.00 price target for the company. Finally, ValuEngine upgraded tronc from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $20.67.
tronc (NASDAQ:TRNC) opened at $15.49 on Monday. The stock has a market capitalization of $546.89, a price-to-earnings ratio of -103.27 and a beta of 1.73. The company has a debt-to-equity ratio of 4.98, a current ratio of 1.57 and a quick ratio of 1.53. tronc has a 12 month low of $10.80 and a 12 month high of $24.74.
Several hedge funds have recently bought and sold shares of TRNC. Wells Fargo & Company MN grew its stake in shares of tronc by 11.7% during the 2nd quarter. Wells Fargo & Company MN now owns 23,927 shares of the company’s stock worth $308,000 after acquiring an additional 2,507 shares during the period. Alliancebernstein L.P. bought a new position in shares of tronc during the 2nd quarter worth $197,000. Ameriprise Financial Inc. grew its stake in shares of tronc by 27.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 26,883 shares of the company’s stock worth $348,000 after acquiring an additional 5,791 shares during the period. Vanguard Group Inc. grew its stake in shares of 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 during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of tronc by 100.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 286,577 shares of the company’s stock worth $3,694,000 after acquiring an additional 143,304 shares during the period. Institutional investors own 40.46% of the company’s stock.
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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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