Tribune Publishing Co (NASDAQ:TPCO) Short Interest Update

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Tribune Publishing Co (NASDAQ:TPCO) was the target of a significant growth in short interest in the month of March. As of March 13th, there was short interest totalling 909,900 shares, a growth of 133.0% from the February 27th total of 390,500 shares. Based on an average daily trading volume, of 321,900 shares, the short-interest ratio is presently 2.8 days. Approximately 3.8% of the company’s shares are short sold.

A number of research analysts have recently commented on TPCO shares. Zacks Investment Research cut Tribune Publishing from a “buy” rating to a “hold” rating in a research note on Tuesday, February 18th. ValuEngine upgraded Tribune Publishing from a “sell” rating to a “hold” rating in a report on Tuesday, February 18th. TheStreet raised Tribune Publishing from a “d+” rating to a “c” rating in a research report on Friday, November 29th. Noble Financial reiterated a “buy” rating and issued a $14.00 target price on shares of Tribune Publishing in a research note on Thursday, March 5th. Finally, BidaskClub downgraded Tribune Publishing from a “hold” rating to a “sell” rating in a research report on Wednesday, March 18th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. Tribune Publishing presently has an average rating of “Hold” and an average target price of $11.63.

Shares of Tribune Publishing stock opened at $7.55 on Friday. The company has a current ratio of 1.10, a quick ratio of 1.08 and a debt-to-equity ratio of 0.30. The firm’s 50-day moving average is $10.36 and its two-hundred day moving average is $10.67. Tribune Publishing has a 1 year low of $4.91 and a 1 year high of $13.86.

Tribune Publishing (NASDAQ:TPCO) last announced its quarterly earnings results on Wednesday, March 4th. The company reported ($0.36) earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.75). Tribune Publishing had a negative return on equity of 1.19% and a negative net margin of 0.52%.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 2nd were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 13.25%. The ex-dividend date of this dividend was Friday, February 28th.

A number of institutional investors have recently bought and sold shares of TPCO. Public Employees Retirement System of Ohio bought a new stake in Tribune Publishing during the 3rd quarter valued at $63,000. Zebra Capital Management LLC lifted its stake in shares of Tribune Publishing by 12.8% during the 3rd quarter. Zebra Capital Management LLC now owns 15,971 shares of the company’s stock worth $137,000 after purchasing an additional 1,811 shares during the last quarter. Squarepoint Ops LLC lifted its stake in shares of Tribune Publishing by 134.5% during the 3rd quarter. Squarepoint Ops LLC now owns 30,094 shares of the company’s stock worth $258,000 after purchasing an additional 17,261 shares during the last quarter. Millennium Management LLC bought a new stake in Tribune Publishing during the third quarter valued at about $820,000. Finally, California Public Employees Retirement System bought a new stake in Tribune Publishing during the fourth quarter valued at about $217,000. Institutional investors own 64.50% of the company’s stock.

About Tribune Publishing

Tribune Publishing Company, a media company, publishes newspapers worldwide. The company operates in two segments, M and X. It publishes daily newspapers; weekly newspapers; and digital platforms, such as Websites and mobile applications. The company also provides various digital marketing services, which include the development of mobile Websites, search engine marketing and optimization, social media account management, and content marketing for its customers' Web presence for small to medium size businesses.

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