Tribune Media Corp (NYSE:TRCO).
Omers Administration Corp bought 267,600 shares last quarter increasing its stake in Tribune Media Corp (TRCO) by 42.2%. Its position stood at $36,815,000 an increase of $10,991,000 according to the filing.
Several firms have updated their holdings. Dimensional Fund Advisors Lp cut its position by selling 56,667 shares a decrease of 4.4%. Dimensional Fund Advisors Lp now holds 1,233,212 shares worth $50,389,000. The total value of its holdings decreased 4.2%. Hosking Partners Llp expanded its ownership by buying 1,340 shares an increase of 0.5% from 06/30/2017 to 09/30/2017. Hosking Partners Llp claims 283,878 shares valued at $11,599,000. The value of the position overall is up by 0.7%.
As of quarter end Marshall Wace LLP had acquired a total of 427,258 shares growing its position 1,187.5%. The value of the total investment in Tribune Media Corp increased from $1,475,000 to $18,993,000 increasing 1,187.7% quarter over quarter.
On October 20, 2017 Deutsche Bank AG updated its forecast on TRCO giving it an initial rating of “Hold”. On August 14 Jefferies Group LLC kept the company rating at “Hold” projecting a price of $42.00.
The company is now down since yesterday’s close of 40.95. Tribune Media Corp currently has a P/E ratio of N/A and the market cap of the company is 3.57B. In the last earnings report the EPS was $-0.69 with 87.30M shares currently outstanding.
Short traders are more bearish on shares of the company if you take note of the change in short interest. The firm experienced a rise in short interest of 9.60% as of the latest report on October 13, 2017. Short shares increased from 4,071,940 to 4,462,703 over that period. Days to cover increased 1.0 to 5.0 and the short interest percentage is 0.05% as of October 13.Advertisement