Noble Financial Reaffirms Buy Rating for Tribune Publishing (NASDAQ:TPCO)
Noble Financial restated their buy rating on shares of Tribune Publishing (NASDAQ:TPCO) in a research report released on Monday morning, AnalystRatings.com reports. The firm currently has a $19.00 price target on the stock.
A number of other equities research analysts have also recently issued reports on the company. TheStreet cut Tribune Publishing from a c- rating to a d+ rating in a research note on Monday, May 20th. Zacks Investment Research cut Tribune Publishing from a buy rating to a hold rating in a research note on Saturday, July 13th.
Shares of Tribune Publishing stock opened at $7.22 on Monday. Tribune Publishing has a 12-month low of $7.00 and a 12-month high of $17.37. The stock has a market cap of $271.32 million, a P/E ratio of 14.88 and a beta of 1.45. The company has a quick ratio of 1.01, a current ratio of 1.04 and a debt-to-equity ratio of 0.32. The business’s 50 day moving average is $8.11 and its 200-day moving average is $10.12.
Several hedge funds have recently bought and sold shares of TPCO. BNP Paribas Arbitrage SA acquired a new position in shares of Tribune Publishing during the 2nd quarter worth approximately $33,000. FMR LLC acquired a new position in shares of Tribune Publishing during the 4th quarter worth approximately $39,000. Legal & General Group Plc acquired a new position in shares of Tribune Publishing during the 4th quarter worth approximately $43,000. Metropolitan Life Insurance Co. NY acquired a new position in shares of Tribune Publishing during the 4th quarter worth approximately $48,000. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Tribune Publishing by 3,134.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 7,600 shares of the company’s stock worth $61,000 after acquiring an additional 7,365 shares during the last quarter. 38.77% of the stock is currently owned by institutional investors and hedge funds.
Tribune Publishing Company Profile
Tribune Publishing Company, a media company, publishes newspapers worldwide. The company operates in two segments, M and X. It publishes daily newspapers; weekly newspapers; and digital platforms, such as Websites and mobile applications. The company also provides various digital marketing services, which include the development of mobile Websites, search engine marketing and optimization, social media account management, and content marketing for its customers' Web presence for small to medium size businesses.
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