Tribune Media Corp (NYSE:TRCO):
Tribune Media/Kearny Real Estate Sells California Property for $65 Million.
The company is trading up from yesterday’s close of 40.86.
Tribune Media Company, launched on March 19, 1968, is a diversified media and entertainment business. As of December 31, 2016, the Company consisted of 42 local television stations that were either owned by the Company or owned by others but to which the Company provides certain services, along with a national general entertainment cable network, a radio station, a production studio, a portfolio of real estate assets and investments in a range of media, Websites and other related assets. The Company operates business through Television and Entertainment segment. Its business consists of its Television and Entertainment operations and the management of certain of its real estate assets. The Television and Entertainment segment provides audiences across the country with news, entertainment and sports programming on Tribune Broadcasting local television stations and television series and movies on WGN America, including through content produced by Tribune Studios and its production partners, as well as news, entertainment and sports information through its Websites and other digital assets. It also holds a range of investments in cable and digital assets, including equity investments in Television Food Network, G.P. (TV Food Network) and CareerBuilder, LLC (CareerBuilder)..
The company’s P/E ratio is N/A and the market cap of the company is 3.59B. In the latest earnings report the EPS was $-0.69 with 87.30M shares presently outstanding.
Investors are feeling more bearish on Tribune Media Corp of late if you evaluate the motion in short interest. The firm recorded a rise in short interest of 9.60% between September 29, 2017 and October 13, 2017. Short shares increased 390,763 over that timeframe. With short interest at 4,462,703 and short average daily volume at 885,402, the short-interest ratio is 5.0 and the percentage of shorted shares was 0.05% on October 13.
Ratings analysts have released ratings on the company. Equity analyst Deutsche Bank AG released a research note on TRCO setting a rating of “Hold”. On August 14 Jefferies Group LLC kept the company rating at “Hold” with a current price target of $42.00.