Tronc Inc. (NASDAQ:TRNC) Director Michael W. Ferro, Jr. bought 42,126 shares of the business’s stock in a transaction dated Monday, November 28th. The shares were bought at an average price of $12.93 per share, with a total value of $544,689.18. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of Tronc Inc. (NASDAQ:TRNC) opened at 12.93 on Wednesday. The company’s 50 day moving average price is $13.73 and its 200 day moving average price is $14.60. Tronc Inc. has a 12 month low of $5.45 and a 12 month high of $17.93. The company’s market capitalization is $471.01 million.

Tronc (NASDAQ:TRNC) last posted its earnings results on Tuesday, November 1st. The company reported $0.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.15) by $0.37. Tronc had a positive return on equity of 124.45% and a negative net margin of 0.79%. The business earned $378.24 million during the quarter. During the same quarter in the previous year, the firm earned ($0.07) earnings per share. Tronc’s quarterly revenue was down 6.8% compared to the same quarter last year. Analysts expect that Tronc Inc. will post ($0.03) EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Tronc (NASDAQ:TRNC)

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A number of large investors have recently modified their holdings of TRNC. Gabelli Securities Inc. purchased a new stake in shares of Tronc during the second quarter valued at about $400,000. Gabelli Funds LLC purchased a new stake in shares of Tronc during the second quarter valued at about $298,000. Seizert Capital Partners LLC purchased a new stake in shares of Tronc during the second quarter valued at about $1,742,000. Rhumbline Advisers purchased a new stake in shares of Tronc during the second quarter valued at about $322,000. Finally, Algert Global LLC purchased a new stake in shares of Tronc during the third quarter valued at about $294,000. 66.25% of the stock is owned by hedge funds and other institutional investors.

TRNC has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded Tronc from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research report on Thursday, November 3rd. Noble Financial initiated coverage on Tronc in a research report on Tuesday, August 23rd. They set a “buy” rating and a $21.00 target price for the company. Finally, TheStreet downgraded Tronc from a “hold” rating to a “sell” rating in a research report on Wednesday, November 9th.

About Tronc

tronc, Inc, formerly Tribune Publishing Company, is a content curation and monetization company focused on creating and distributing content across all channels. The Company’s portfolio of news and information brands includes daily and weekly titles, digital properties and verticals in markets across the country.

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