Meeder Asset Management Inc. acquired a new position in shares of Tribune Publishing Co (NASDAQ:TPCO) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 7,316 shares of the company’s stock, valued at approximately $84,000.
Several other large investors have also recently modified their holdings of TPCO. Panagora Asset Management Inc. acquired a new stake in shares of Tribune Publishing in the third quarter valued at approximately $2,344,000. Bridgeway Capital Management Inc. bought a new stake in shares of Tribune Publishing during the third quarter worth $852,000. Finally, Matarin Capital Management LLC bought a new stake in shares of Tribune Publishing in the third quarter worth $685,000. Institutional investors own 38.63% of the company’s stock.
TPCO has been the topic of several research reports. Zacks Investment Research lowered shares of Tribune Publishing from a “buy” rating to a “hold” rating in a report on Wednesday, January 30th. Noble Financial reiterated a “buy” rating on shares of Tribune Publishing in a research note on Sunday, January 20th.
Tribune Publishing stock opened at $10.36 on Tuesday. The company has a market cap of $374.53 million, a PE ratio of 9.59 and a beta of 1.69. Tribune Publishing Co has a twelve month low of $10.26 and a twelve month high of $20.99. The company has a quick ratio of 1.17, a current ratio of 1.22 and a debt-to-equity ratio of 0.02.
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Tribune Publishing Profile
Tribune Publishing Company, a media company, publishes newspapers worldwide. The company operates in two segments, troncM and troncX. 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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