tronc, Inc. (NASDAQ:TRNC) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Wednesday.

According to Zacks, “Tronc, Inc. is a media company. The Company offers sports, entertainment, business, real estate and travel news and information primarily in the United States. Its portfolio of news and information brands includes daily and weekly titles, digital properties and verticals in markets. Tronc, Inc., formerly known as Tribune Publishing Company, is based in CHICAGO, United States. “

TRNC has been the subject of several other reports. Noble Financial restated a “buy” rating on shares of tronc in a research report on Thursday, September 7th. ValuEngine cut tronc from a “buy” rating to a “hold” rating in a report on Friday, June 9th.

tronc (NASDAQ:TRNC) traded down 1.32% on Wednesday, reaching $14.98. The company’s stock had a trading volume of 43,449 shares. tronc has a 52-week low of $8.76 and a 52-week high of $17.68. The stock’s 50 day moving average price is $13.90 and its 200 day moving average price is $13.23. The firm has a market cap of $492.74 million, a PE ratio of 41.96 and a beta of 1.74.

tronc (NASDAQ:TRNC) last announced its earnings results on Wednesday, August 2nd. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.35. The business had revenue of $369.79 million for the quarter, compared to the consensus estimate of $375.05 million. tronc had a net margin of 0.83% and a return on equity of 63.98%. Equities research analysts expect that tronc will post $0.37 earnings per share for the current fiscal year.

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Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in tronc by 3.9% during the second quarter. Vanguard Group Inc. now owns 1,055,406 shares of the company’s stock valued at $13,603,000 after purchasing an additional 39,661 shares during the period. Acadian Asset Management LLC bought a new stake in tronc during the third quarter valued at approximately $10,943,000. Kavi Asset Management LP purchased a new stake in tronc during the fourth quarter valued at approximately $7,032,000. State Street Corp increased its holdings in tronc by 8.2% during the fourth quarter. State Street Corp now owns 461,075 shares of the company’s stock valued at $6,395,000 after buying an additional 35,093 shares during the last quarter. Finally, GSA Capital Partners LLP increased its holdings in tronc by 47.8% during the second quarter. GSA Capital Partners LLP now owns 324,781 shares of the company’s stock valued at $4,186,000 after buying an additional 104,976 shares during the last quarter. 36.05% of the stock is currently owned by institutional investors.

tronc Company 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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