Tribune Media Company (TRCO) Shares Bought by Gotham Asset Management LLC

Gotham Asset Management LLC boosted its stake in Tribune Media Company (NYSE:TRCO) by 161.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,524 shares of the company’s stock after buying an additional 16,363 shares during the period. Gotham Asset Management LLC’s holdings in Tribune Media were worth $1,081,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Nationwide Fund Advisors acquired a new position in Tribune Media in the 1st quarter valued at about $103,000. Asset Management One Co. Ltd. acquired a new position in Tribune Media in the 1st quarter valued at about $114,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Tribune Media by 9.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,097 shares of the company’s stock valued at $126,000 after acquiring an additional 272 shares in the last quarter. Sei Investments Co. grew its position in Tribune Media by 237.1% in the 1st quarter. Sei Investments Co. now owns 5,370 shares of the company’s stock valued at $200,000 after acquiring an additional 3,777 shares in the last quarter. Finally, Mizuho Securities USA LLC acquired a new position in Tribune Media in the 2nd quarter valued at about $204,000. Hedge funds and other institutional investors own 97.12% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This report was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this report on another website, it was illegally stolen and republished in violation of U.S. and international copyright and trademark laws. The legal version of this report can be accessed at https://ledgergazette.com/2017/10/18/tribune-media-company-trco-shares-bought-by-gotham-asset-management-llc.html.

Several research firms have weighed in on TRCO. BidaskClub raised Tribune Media from a “sell” rating to a “hold” rating in a research report on Wednesday, September 20th. Zacks Investment Research raised Tribune Media from a “sell” rating to a “hold” rating in a research report on Tuesday, August 15th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $42.00 target price on shares of Tribune Media in a research report on Monday, August 14th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $44.50.

Tribune Media Company (NYSE TRCO) opened at 40.75 on Wednesday. The firm has a 50-day moving average price of $40.42 and a 200 day moving average price of $39.95. Tribune Media Company has a 52-week low of $27.75 and a 52-week high of $43.04. The firm has a market capitalization of $3.56 billion, a P/E ratio of 73.42 and a beta of 1.53.

Tribune Media (NYSE:TRCO) last announced its earnings results on Wednesday, August 9th. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.07). The company had revenue of $469.50 million for the quarter, compared to analysts’ expectations of $472.56 million. Tribune Media had a net margin of 2.49% and a return on equity of 4.38%. The business’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.52 earnings per share. Analysts forecast that Tribune Media Company will post $1.29 EPS for the current year.

Tribune Media Pr

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Nationwide Fund Advisors acquired a new position in Tribune Media in the 1st quarter valued at about $103,000. Asset Management One Co. Ltd. acquired a new position in Tribune Media in the 1st quarter valued at about $114,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Tribune Media by 9.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,097 shares of the company’s stock valued at $126,000 after acquiring an additional 272 shares in the last quarter. Sei Investments Co. grew its position in Tribune Media by 237.1% in the 1st quarter. Sei Investments Co. now owns 5,370 shares of the company’s stock valued at $200,000 after acquiring an additional 3,777 shares in the last quarter. Finally, Mizuho Securities USA LLC acquired a new position in Tribune Media in the 2nd quarter valued at about $204,000. Hedge funds and other institutional investors own 97.12% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This report was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this report on another website, it was illegally stolen and republished in violation of U.S. and international copyright and trademark laws. The legal version of this report can be accessed at https://ledgergazette.com/2017/10/18/tribune-media-company-trco-shares-bought-by-gotham-asset-management-llc.html.

Several research firms have weighed in on TRCO. BidaskClub raised Tribune Media from a “sell” rating to a “hold” rating in a research report on Wednesday, September 20th. Zacks Investment Research raised Tribune Media from a “sell” rating to a “hold” rating in a research report on Tuesday, August 15th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $42.00 target price on shares of Tribune Media in a research report on Monday, August 14th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $44.50.

Tribune Media Company (NYSE TRCO) opened at 40.75 on Wednesday. The firm has a 50-day moving average price of $40.42 and a 200 day moving average price of $39.95. Tribune Media Company has a 52-week low of $27.75 and a 52-week high of $43.04. The firm has a market capitalization of $3.56 billion, a P/E ratio of 73.42 and a beta of 1.53.

Tribune Media (NYSE:TRCO) last announced its earnings results on Wednesday, August 9th. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.07). The company had revenue of $469.50 million for the quarter, compared to analysts’ expectations of $472.56 million. Tribune Media had a net margin of 2.49% and a return on equity of 4.38%. The business’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.52 earnings per share. Analysts forecast that Tribune Media Company will post $1.29 EPS for the current year.

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.

Institutional Ownership by Quarter for Tribune Media (NYSE:TRCO)

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