Tribune Media Co (TRCO) Shares Bought by Halcyon Management Partners LP

Halcyon Management Partners LP boosted its position in Tribune Media Co (NYSE:TRCO) by 349.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,292,214 shares of the company’s stock after purchasing an additional 1,004,598 shares during the period. Tribune Media comprises 8.0% of Halcyon Management Partners LP’s holdings, making the stock its 3rd largest position. Halcyon Management Partners LP owned about 1.48% of Tribune Media worth $54,881,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of TRCO. Cerebellum GP LLC acquired a new stake in Tribune Media during the fourth quarter worth approximately $132,000. Nationwide Fund Advisors increased its stake in Tribune Media by 80.6% in the second quarter. Nationwide Fund Advisors now owns 4,976 shares of the company’s stock valued at $203,000 after purchasing an additional 2,220 shares in the last quarter. LMR Partners LLP bought a new stake in Tribune Media in the third quarter valued at $204,000. State of Alaska Department of Revenue bought a new stake in Tribune Media in the fourth quarter valued at $212,000. Finally, Vident Investment Advisory LLC bought a new stake in Tribune Media in the third quarter valued at $251,000. Institutional investors and hedge funds own 88.19% of the company’s stock.

Shares of Tribune Media Co (NYSE TRCO) opened at $41.59 on Monday. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.91. The company has a market cap of $3,638.88, a PE ratio of 19.17, a PEG ratio of 6.85 and a beta of 1.36. Tribune Media Co has a 52-week low of $35.98 and a 52-week high of $43.71.

Tribune Media (NYSE:TRCO) last posted its earnings results on Thursday, March 1st. The company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.50 by $0.31. The company had revenue of $489.00 million during the quarter, compared to the consensus estimate of $488.13 million. Tribune Media had a net margin of 10.50% and a return on equity of 4.13%. The firm’s revenue for the quarter was down 7.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.85 earnings per share. research analysts anticipate that Tribune Media Co will post 2.03 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 26th. Stockholders of record on Monday, March 12th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend is Friday, March 9th. Tribune Media’s payout ratio is presently 46.08%.

Separately, Zacks Investment Research raised shares of Tribune Media from a “sell” rating to a “hold” rating in a research report on Tuesday, February 6th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus 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.

Institutional Ownership by Quarter for Tribune Media (NYSE:TRCO)

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