tronc (NASDAQ:TRNC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Friday.

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. “

Several other research firms have also recently weighed in on TRNC. ValuEngine raised tronc from a “hold” rating to a “buy” rating in a research report on Friday, October 27th. Noble Financial reissued a “buy” rating on shares of tronc in a research report on Thursday, September 7th.

Shares of tronc (NASDAQ TRNC) traded down $0.30 during trading hours on Friday, hitting $17.30. The company had a trading volume of 70,398 shares, compared to its average volume of 114,216. The stock has a market capitalization of $589.32, a PE ratio of 12.80 and a beta of 1.64. The company has a debt-to-equity ratio of 4.98, a quick ratio of 1.53 and a current ratio of 1.57. tronc has a one year low of $10.80 and a one year high of $18.24.

A number of hedge funds have recently bought and sold shares of the business. Hosking Partners LLP raised its stake in shares of tronc by 1.7% in the second quarter. Hosking Partners LLP now owns 47,174 shares of the company’s stock valued at $608,000 after buying an additional 795 shares during the period. Dynamic Technology Lab Private Ltd raised its stake in shares of tronc by 10.9% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 21,972 shares of the company’s stock valued at $283,000 after purchasing an additional 2,162 shares during the period. Voya Investment Management LLC raised its stake in shares of tronc by 21.7% during the 2nd quarter. Voya Investment Management LLC now owns 13,748 shares of the company’s stock valued at $177,000 after purchasing an additional 2,451 shares during the period. Wells Fargo & Company MN raised 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 valued at $308,000 after purchasing an additional 2,507 shares during the period. Finally, Trexquant Investment LP raised its stake in shares of tronc by 21.2% during the 2nd quarter. Trexquant Investment LP now owns 15,600 shares of the company’s stock valued at $201,000 after purchasing an additional 2,724 shares during the period. 36.04% of the stock is currently owned by institutional investors and hedge funds.

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About tronc

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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