Zacks Investment Research upgraded shares of Tribune Publishing (NASDAQ:TPCO) from a sell rating to a hold rating in a research note issued to investors on Thursday.
According to Zacks, “Tribune Publishing Company is a media company. It offers sports, entertainment, business, real estate and travel news and information primarily in the United States. The company operates local media businesses with titles including the Chicago Tribune, New York Daily News, The Baltimore Sun, Orlando Sentinel, South Florida’s Sun-Sentinel, Virginia’s Daily Press and The Virginian-Pilot, The Morning Call of Lehigh Valley, Pennsylvania, and the Hartford Courant. Tribune Publishing Company, formerly known as Tronc, Inc., is headquartered in Chicago, Illinois. “
Separately, Noble Financial reissued a buy rating on shares of Tribune Publishing in a report on Sunday, January 20th.
TPCO stock traded down $0.15 during trading on Thursday, reaching $11.91. The stock had a trading volume of 2,946 shares, compared to its average volume of 119,632. Tribune Publishing has a 52 week low of $10.26 and a 52 week high of $20.35. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.17 and a current ratio of 1.22. The company has a market cap of $430.42 million, a price-to-earnings ratio of 11.25 and a beta of 1.69.
A number of hedge funds have recently bought and sold shares of the business. Panagora Asset Management Inc. purchased a new position in Tribune Publishing during the 3rd quarter valued at about $2,344,000. Bridgeway Capital Management Inc. purchased a new position in Tribune Publishing during the 3rd quarter valued at about $852,000. Matarin Capital Management LLC purchased a new position in Tribune Publishing during the 3rd quarter valued at about $685,000. Meeder Asset Management Inc. bought a new stake in shares of Tribune Publishing during the 4th quarter valued at about $84,000. Finally, Peregrine Capital Management LLC boosted its position in shares of Tribune Publishing by 48.3% during the 4th quarter. Peregrine Capital Management LLC now owns 631,268 shares of the company’s stock valued at $7,159,000 after acquiring an additional 205,585 shares during the last quarter. 39.79% of the stock is currently owned by institutional investors.
Tribune Publishing Company 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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