Gamco Investors INC. ET AL Has $48.39 Million Position in Tribune Company Common Stock (TRCO)

Gamco Investors INC. ET AL increased its position in Tribune Company Common Stock (NYSE:TRCO) by 6.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,264,539 shares of the company’s stock after acquiring an additional 72,500 shares during the quarter. Gamco Investors INC. ET AL owned about 1.44% of Tribune Company Common Stock worth $48,394,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Natixis lifted its position in Tribune Company Common Stock by 457.4% during the first quarter. Natixis now owns 2,177,747 shares of the company’s stock valued at $88,221,000 after purchasing an additional 1,787,080 shares during the last quarter. Water Island Capital LLC lifted its position in Tribune Company Common Stock by 44.8% during the first quarter. Water Island Capital LLC now owns 2,454,958 shares of the company’s stock valued at $99,450,000 after purchasing an additional 760,127 shares during the last quarter. Bank of Montreal Can bought a new stake in Tribune Company Common Stock during the second quarter valued at approximately $17,419,000. Alpine Associates Management Inc. lifted its position in Tribune Company Common Stock by 17.7% during the first quarter. Alpine Associates Management Inc. now owns 2,732,544 shares of the company’s stock valued at $110,694,000 after purchasing an additional 410,844 shares during the last quarter. Finally, State of Wisconsin Investment Board lifted its position in Tribune Company Common Stock by 46.3% during the first quarter. State of Wisconsin Investment Board now owns 1,268,935 shares of the company’s stock valued at $51,405,000 after purchasing an additional 401,701 shares during the last quarter. Institutional investors own 94.32% of the company’s stock.

Several brokerages have issued reports on TRCO. ValuEngine upgraded shares of Tribune Company Common Stock from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 6th. Evercore ISI assumed coverage on shares of Tribune Company Common Stock in a research report on Tuesday, July 31st. They set a “buy” rating and a $40.00 target price for the company. Stephens downgraded shares of Tribune Company Common Stock from an “overweight” rating to an “equal” rating and decreased their price target for the stock from $41.00 to $37.00 in a research note on Thursday, July 19th. Wells Fargo & Co decreased their price target on shares of Tribune Company Common Stock from $42.00 to $36.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 18th. Finally, Zacks Investment Research downgraded shares of Tribune Company Common Stock from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 12th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. Tribune Company Common Stock currently has an average rating of “Hold” and an average target price of $40.40.

Shares of Tribune Company Common Stock stock opened at $37.61 on Friday. The company has a current ratio of 3.24, a quick ratio of 3.24 and a debt-to-equity ratio of 0.86. The firm has a market cap of $3.24 billion, a price-to-earnings ratio of 26.67 and a beta of 1.22. Tribune Company Common Stock has a 12-month low of $31.61 and a 12-month high of $43.71.

Tribune Company Common Stock (NYSE:TRCO) last issued its quarterly earnings data on Thursday, August 9th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.40. Tribune Company Common Stock had a net margin of 28.61% and a return on equity of 7.18%. The business had revenue of $489.36 million for the quarter, compared to the consensus estimate of $483.10 million. During the same period in the previous year, the firm earned $0.36 EPS. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. analysts forecast that Tribune Company Common Stock will post 3.1 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 4th. Stockholders of record on Monday, August 20th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date was Friday, August 17th. Tribune Company Common Stock’s dividend payout ratio (DPR) is presently 70.92%.

Tribune Company Common Stock Profile

Tribune Media Company, through its subsidiaries, operates as a media and entertainment company in the United States. It offers news, entertainment, and sports programming through Tribune Broadcasting local television stations, including FOX television affiliates, CW Network, LLC television affiliates, CBS television affiliates, ABC television affiliates, MY television affiliates, NBC television affiliates, and independent television stations; and television series and movies on WGN America, a national general entertainment cable network.

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Institutional Ownership by Quarter for Tribune Company Common Stock (NYSE:TRCO)

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