Two Sigma Investments LP trimmed its position in shares of Tribune Media Co (NYSE:TRCO) by 34.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 756,082 shares of the company’s stock after selling 398,558 shares during the period. Two Sigma Investments LP’s holdings in Tribune Media were worth $32,111,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. QVT Financial LP purchased a new position in Tribune Media during the 4th quarter worth approximately $3,208,000. Goldman Sachs Group Inc. grew its position in Tribune Media by 49.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,908,497 shares of the company’s stock worth $165,993,000 after purchasing an additional 1,287,556 shares in the last quarter. Stone Ridge Asset Management LLC purchased a new position in Tribune Media during the 4th quarter worth approximately $549,000. Guggenheim Capital LLC purchased a new position in Tribune Media during the 4th quarter worth approximately $347,000. Finally, EnTrustPermal Partners Offshore LP purchased a new position in Tribune Media during the 4th quarter worth approximately $3,674,000. Hedge funds and other institutional investors own 88.19% of the company’s stock.
Separately, Zacks Investment Research raised shares of Tribune Media from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 15th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $44.70.
Shares of Tribune Media Co (TRCO) opened at $41.38 on Wednesday. The stock has a market cap of $3,646.75, a price-to-earnings ratio of 19.07, a price-to-earnings-growth ratio of 10.29 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. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.98 and a current ratio of 1.98.
Tribune Media (NYSE:TRCO) last issued its earnings results on Thursday, March 1st. The company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.31. The company had revenue of $489.00 million during the quarter, compared to analyst estimates of $488.13 million. Tribune Media had a net margin of 10.50% and a return on equity of 4.13%. The company’s revenue for the quarter was down 7.7% on a year-over-year basis. During the same quarter last year, the business posted $0.85 EPS. equities research analysts expect that Tribune Media Co will post 2.03 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, March 26th. Shareholders of record on Monday, March 12th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date is Friday, March 9th. Tribune Media’s dividend payout ratio (DPR) is currently 46.08%.
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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.
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