tronc (NASDAQ:TRNC) was upgraded by equities researchers at Noble Financial to a “buy” rating in a report released on Monday. The brokerage presently has a $19.00 price objective on the stock. Noble Financial’s price objective would suggest a potential upside of 22.50% from the company’s previous close.
Other equities research analysts have also issued research reports about the company. BidaskClub lowered tronc from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 7th. ValuEngine raised tronc from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Zacks Investment Research raised tronc from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Wednesday, November 15th. Finally, Sidoti started coverage on tronc in a research report on Wednesday, January 17th. They set a “buy” rating and a $25.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $20.67.
tronc (NASDAQ:TRNC) traded up $0.75 during mid-day trading on Monday, reaching $15.51. The company’s stock had a trading volume of 427,253 shares, compared to its average volume of 180,284. The company has a quick ratio of 1.53, a current ratio of 1.57 and a debt-to-equity ratio of 4.98. The firm has a market cap of $495.91, a price-to-earnings ratio of 86.17 and a beta of 1.92. tronc has a 52 week low of $10.80 and a 52 week high of $24.74.
A number of large investors have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC grew its stake in shares of tronc by 67.4% in the 4th quarter. Acadian Asset Management LLC now owns 715,384 shares of the company’s stock valued at $12,584,000 after purchasing an additional 287,998 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of tronc by 100.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 286,577 shares of the company’s stock valued at $3,694,000 after purchasing an additional 143,304 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of tronc by 37.5% in the 4th quarter. Renaissance Technologies LLC now owns 501,700 shares of the company’s stock valued at $8,825,000 after purchasing an additional 136,700 shares during the last quarter. Algert Global LLC grew its stake in shares of tronc by 77.5% in the 3rd quarter. Algert Global LLC now owns 180,607 shares of the company’s stock valued at $2,624,000 after purchasing an additional 78,841 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its stake in shares of tronc by 38.5% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 280,094 shares of the company’s stock valued at $4,070,000 after purchasing an additional 77,799 shares during the last quarter. Hedge funds and other institutional investors own 40.46% of the company’s stock.
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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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