Thomson Reuters Corp (NYSE:TRI).
Raymond James & Associates lowered its stake in Thomson Reuters Corp by 49,644 shares as reported in a filing on 11/15/2017. Its position stood at $32,054,000 a decrease of 7.4% as of quarter end.
These firms have modified their investment in TRI. As of quarter end Aviva PLC had disposed of a total of 4,270 shares trimming its stake by 2.2%. The value of the investment in Thomson Reuters Corp went from $9,072,000 to $8,817,000 a change of $255,000 since the last quarter. As of the end of the quarter Alliancebernstein L.P. had bought 10,641 shares growing its holdings by 1.3%. The value of the investment in TRI increased from $37,247,000 to $37,406,000 increasing 0.4% quarter over quarter.
As of quarter end Caisse DE Depot ET Placement DU Quebec had bought a total of 113,500 shares growing its position 2.9%. The value of the company’s investment in Thomson Reuters Corp went from $181,941,000 to $186,633,000 a change of 2.6% for the reporting period.
On November 8 analysts at Goldman Sachs Group, Inc. (The) updated its forecast on TRI by announcing an initial rating of “Sell”. Morgan Stanley lowered the price target on November 2 changing the forecast from $52.00 to $49.00 with a rating of “Equal Weight”.
Equity analyst Credit Suisse Group lowered the price target on November 2 cutting the projection from $52.00 to $51.00 and issued a “Neutral” recommendation. Royal Bank Of Canada lowered the price target of the stock on November 2 changing the price objective from $48.00 to $47.00 with a “Sector Perform” recommendation.
November 1 investment analysts at Canaccord Genuity made no change to the stock rating of “Hold” targeting a price of $46.00. Credit Suisse Group released research on TRI with a rating of “Neutral”.
The company is unchanged since yesterday’s close of 44.03. The company’s P/E ratio is 29.71 and market cap is 31.41B. In the last earnings report the EPS was $1.48 with 712.95M shares currently outstanding.
Short traders are feeling a little more bullish on Thomson Reuters Corp lately as shown by the fall in short interest. The company saw a fall in short interest of -16.44% as of October 13, 2017 from the last reporting period. Short interest decreased from 1,039,713 to 868,733 over that timeframe. Days to cover decreased from 2.0 to 1.0 and the short interest percentage is 0.00% as of October 13.