Tribune (NYSE:TRCO) Shares Bought by Quantamental Technologies LLC

Quantamental Technologies LLC grew its stake in shares of Tribune (NYSE:TRCO) by 761.4% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,059 shares of the company’s stock after buying an additional 10,659 shares during the quarter. Quantamental Technologies LLC’s holdings in Tribune were worth $556,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Tribune by 3.0% during the third quarter. Vanguard Group Inc. now owns 7,113,334 shares of the company’s stock worth $273,365,000 after acquiring an additional 209,923 shares in the last quarter. Vanguard Group Inc increased its position in shares of Tribune by 3.0% during the third quarter. Vanguard Group Inc now owns 7,113,334 shares of the company’s stock worth $273,365,000 after acquiring an additional 209,923 shares in the last quarter. Gamco Investors INC. ET AL increased its position in shares of Tribune by 46.0% during the fourth quarter. Gamco Investors INC. ET AL now owns 3,000,304 shares of the company’s stock worth $136,154,000 after acquiring an additional 945,058 shares in the last quarter. Boston Partners increased its position in shares of Tribune by 30.0% during the fourth quarter. Boston Partners now owns 2,265,135 shares of the company’s stock worth $102,792,000 after acquiring an additional 522,957 shares in the last quarter. Finally, Water Island Capital LLC increased its position in shares of Tribune by 1,091.3% during the fourth quarter. Water Island Capital LLC now owns 1,979,797 shares of the company’s stock worth $89,843,000 after acquiring an additional 1,813,607 shares in the last quarter. 96.98% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Tribune stock traded up $0.01 on Wednesday, reaching $46.09. 1,105,200 shares of the company traded hands, compared to its average volume of 1,005,302. Tribune has a 52 week low of $31.61 and a 52 week high of $46.46. The company has a market capitalization of $4.04 billion, a P/E ratio of 12.52, a P/E/G ratio of 2.58 and a beta of 0.56. The company has a quick ratio of 3.64, a current ratio of 3.69 and a debt-to-equity ratio of 0.85.

Tribune (NYSE:TRCO) last released its earnings results on Friday, May 10th. The company reported $0.60 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.38. The firm had revenue of $455.00 million during the quarter, compared to the consensus estimate of $446.12 million. Tribune had a net margin of 19.03% and a return on equity of 9.55%. The company’s revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.51 EPS. Equities analysts expect that Tribune will post 2.02 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Monday, May 20th 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 2.17%. The ex-dividend date of this dividend is Friday, May 17th. Tribune’s payout ratio is currently 27.17%.

Separately, Zacks Investment Research raised shares of Tribune from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research report on Saturday. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. Tribune presently has an average rating of “Hold” and an average target price of $41.80.

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Tribune Company Profile

Tribune Media Company, through its subsidiaries, operates as a diversified 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, MY 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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Institutional Ownership by Quarter for Tribune (NYSE:TRCO)

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