Tribune Publishing (NASDAQ:TPCO) Downgraded by ValuEngine
Several other equities analysts have also issued reports on TPCO. BidaskClub lowered shares of Tribune Publishing from a buy rating to a hold rating in a report on Wednesday, February 5th. TheStreet raised shares of Tribune Publishing from a d+ rating to a c rating in a report on Friday, November 29th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company’s stock. Tribune Publishing presently has an average rating of Hold and an average target price of $14.13.
NASDAQ TPCO opened at $12.50 on Tuesday. The firm’s fifty day simple moving average is $12.86 and its two-hundred day simple moving average is $10.22. The company has a quick ratio of 0.98, a current ratio of 1.01 and a debt-to-equity ratio of 0.31. Tribune Publishing has a 12-month low of $7.00 and a 12-month high of $13.86.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Swiss National Bank grew its holdings in Tribune Publishing by 5.5% in the fourth quarter. Swiss National Bank now owns 30,781 shares of the company’s stock worth $405,000 after purchasing an additional 1,600 shares during the last quarter. Zebra Capital Management LLC grew its holdings in Tribune Publishing by 12.8% in the third quarter. Zebra Capital Management LLC now owns 15,971 shares of the company’s stock worth $137,000 after purchasing an additional 1,811 shares during the last quarter. Great West Life Assurance Co. Can purchased a new position in Tribune Publishing in the fourth quarter worth $27,000. Sei Investments Co. lifted its stake in shares of Tribune Publishing by 4.0% during the fourth quarter. Sei Investments Co. now owns 55,190 shares of the company’s stock worth $726,000 after buying an additional 2,145 shares during the period. Finally, Rhumbline Advisers lifted its stake in shares of Tribune Publishing by 9.0% during the third quarter. Rhumbline Advisers now owns 27,012 shares of the company’s stock worth $232,000 after buying an additional 2,238 shares during the period. 33.54% 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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