tronc Inc (TRNC) Holdings Increased by Renaissance Technologies LLC

Renaissance Technologies LLC grew its holdings in shares of tronc Inc (NASDAQ:TRNC) by 37.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 501,700 shares of the company’s stock after acquiring an additional 136,700 shares during the quarter. Renaissance Technologies LLC’s holdings in tronc were worth $8,825,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Geode Capital Management LLC grew its holdings in tronc by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 215,001 shares of the company’s stock worth $3,781,000 after acquiring an additional 3,140 shares during the period. Hosking Partners LLP grew its holdings in tronc by 6.7% during the 4th quarter. Hosking Partners LLP now owns 50,587 shares of the company’s stock worth $890,000 after acquiring an additional 3,179 shares during the period. First Quadrant L P CA grew its holdings in tronc by 24.8% during the 4th quarter. First Quadrant L P CA now owns 19,341 shares of the company’s stock worth $340,000 after acquiring an additional 3,849 shares during the period. Russell Investments Group Ltd. grew its holdings in tronc by 81.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 12,732 shares of the company’s stock worth $184,000 after acquiring an additional 5,732 shares during the period. Finally, Citadel Advisors LLC acquired a new stake in tronc during the 3rd quarter worth about $159,000. Hedge funds and other institutional investors own 38.07% of the company’s stock.

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TRNC has been the subject of a number of recent analyst reports. ValuEngine upgraded tronc from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research downgraded tronc from a “hold” rating to a “strong sell” rating in a report on Thursday, March 15th. Noble Financial upgraded tronc to a “buy” rating and set a $19.00 price target for the company in a report on Monday, March 12th. BidaskClub upgraded tronc from a “buy” rating to a “strong-buy” rating in a report on Friday, January 26th. Finally, Sidoti initiated coverage on tronc in a report on Wednesday, January 17th. They set a “buy” rating and a $25.00 price target for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $20.67.

TRNC stock opened at $15.95 on Monday. The stock has a market cap of $569.46, a PE ratio of 14.77 and a beta of 2.00. The company has a current ratio of 1.56, a quick ratio of 1.52 and a debt-to-equity ratio of 4.80. tronc Inc has a 1 year low of $10.80 and a 1 year high of $24.74.

tronc (NASDAQ:TRNC) last released its quarterly earnings data on Wednesday, March 7th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.35). The company had revenue of $435.02 million for the quarter, compared to the consensus estimate of $424.20 million. tronc had a return on equity of 53.46% and a net margin of 0.36%. sell-side analysts expect that tronc Inc will post 0.39 EPS for the current fiscal year.

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tronc Profile

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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Institutional Ownership by Quarter for tronc (NASDAQ:TRNC)

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