Legal & General Group Plc decreased its stake in shares of tronc, Inc. (NASDAQ:TRNC) by 1.0% during the first quarter, Holdings Channel reports. The firm owned 8,648 shares of the company’s stock after selling 83 shares during the period. Legal & General Group Plc’s holdings in tronc were worth $123,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. AQR Capital Management LLC purchased a new position in shares of tronc during the fourth quarter valued at about $144,000. State Street Corp boosted its position in shares of tronc by 8.2% in the fourth quarter. State Street Corp now owns 461,075 shares of the company’s stock valued at $6,395,000 after buying an additional 35,093 shares during the period. Norges Bank purchased a new position in shares of tronc during the fourth quarter valued at about $2,359,000. Dimensional Fund Advisors LP boosted its position in shares of tronc by 79.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 94,873 shares of the company’s stock valued at $1,316,000 after buying an additional 41,921 shares during the period. Finally, Hosking Partners LLP boosted its position in shares of tronc by 10.2% in the first quarter. Hosking Partners LLP now owns 46,379 shares of the company’s stock valued at $646,000 after buying an additional 4,294 shares during the period. Institutional investors own 37.50% of the company’s stock.

Shares of tronc, Inc. (TRNC) traded down 0.875% during trading on Friday, hitting $13.025. The stock had a trading volume of 18,711 shares. The stock’s 50 day moving average is $12.87 and its 200 day moving average is $13.20. tronc, Inc. has a 52 week low of $8.76 and a 52 week high of $17.93. The stock has a market capitalization of $428.43 million, a price-to-earnings ratio of 36.485 and a beta of 1.77.

tronc (NASDAQ:TRNC) last posted its quarterly earnings data on Wednesday, August 2nd. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.35. tronc had a return on equity of 63.98% and a net margin of 0.83%. The firm had revenue of $369.79 million for the quarter, compared to the consensus estimate of $375.05 million. On average, equities research analysts expect that tronc, Inc. will post $0.81 earnings per share for the current fiscal year.

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TRNC has been the topic of several research analyst reports. TheStreet cut tronc from a “c-” rating to a “d” rating in a research report on Friday, May 26th. Noble Financial reiterated a “buy” rating on shares of tronc in a research report on Thursday, August 3rd. Zacks Investment Research upgraded tronc from a “strong sell” rating to a “hold” rating in a research report on Friday, May 5th. Finally, ValuEngine cut tronc from a “buy” rating to a “hold” rating in a research report on Friday, June 9th.

About tronc

tronc, Inc, formerly Tribune Publishing Company, is a media company. As of December 25, 2016, the Company operated over 150 titles in nine markets. Its portfolio of news and information brands are in markets, including Los Angeles and San Diego, California; Chicago, Illinois; Fort Lauderdale and Orlando, Florida; Baltimore, Maryland; Hartford, Connecticut; Allentown, Pennsylvania, and Newport News, Virginia.

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Institutional Ownership by Quarter for tronc (NASDAQ:TRNC)

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