Deutsche Bank AG lifted its position in Tribune Media Co (NYSE:TRCO) by 17.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,411,778 shares of the company’s stock after acquiring an additional 205,603 shares during the period. Deutsche Bank AG’s holdings in Tribune Media were worth $59,955,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in TRCO. Pentwater Capital Management LP grew its position in Tribune Media by 15.1% during the fourth quarter. Pentwater Capital Management LP now owns 4,450,113 shares of the company’s stock valued at $188,996,000 after purchasing an additional 584,720 shares in the last quarter. Magnetar Financial LLC grew its position in Tribune Media by 1.5% during the third 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 in the last quarter. BlackRock Inc. grew its position in Tribune Media by 4.7% during the fourth quarter. BlackRock Inc. now owns 3,121,226 shares of the company’s stock valued at $132,559,000 after purchasing an additional 139,873 shares in the last quarter. Manikay Partners LLC grew its position in Tribune Media by 110.9% during the fourth quarter. Manikay Partners LLC now owns 1,915,000 shares of the company’s stock valued at $81,330,000 after purchasing an additional 1,006,862 shares in the last quarter. Finally, Citadel Advisors LLC grew its position in Tribune Media by 24.9% during the fourth quarter. Citadel Advisors LLC now owns 1,847,628 shares of the company’s stock valued at $78,469,000 after purchasing an additional 368,442 shares in the last quarter. 88.19% of the stock is currently owned by institutional investors and hedge funds.
Shares of Tribune Media Co (TRCO) opened at $41.38 on Wednesday. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.98 and a quick ratio of 1.98. The stock has a market cap of $3,646.75, a P/E ratio of 29.56, a price-to-earnings-growth ratio of 10.29 and a beta of 1.36. Tribune Media Co has a one year low of $35.98 and a one year high of $43.71.
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 26th. Shareholders of record on Monday, March 12th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date is Friday, March 9th. Tribune Media’s dividend payout ratio (DPR) is presently 46.08%.
Separately, Zacks Investment Research raised shares of Tribune Media from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 15th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $44.70.
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Tribune Media Profile
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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