Two Sigma Advisers LP Has $19.63 Million Stake in Tribune (NYSE:TRCO)

Two Sigma Advisers LP raised its position in shares of Tribune (NYSE:TRCO) by 172.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 432,600 shares of the company’s stock after acquiring an additional 273,600 shares during the period. Two Sigma Advisers LP owned approximately 0.49% of Tribune worth $19,631,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of the business. Quantamental Technologies LLC bought a new position in shares of Tribune in the fourth quarter worth about $64,000. PNC Financial Services Group Inc. lifted its stake in Tribune by 23.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,666 shares of the company’s stock worth $76,000 after acquiring an additional 321 shares during the period. Laurion Capital Management LP purchased a new stake in Tribune in the third quarter worth about $207,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Tribune by 7.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,517 shares of the company’s stock worth $250,000 after acquiring an additional 402 shares during the period. Finally, Strs Ohio purchased a new stake in Tribune in the fourth quarter worth about $308,000. Institutional investors and hedge funds own 95.34% of the company’s stock.

Shares of TRCO stock traded down $0.03 during mid-day trading on Monday, hitting $46.16. 1,152,000 shares of the stock traded hands, compared to its average volume of 1,138,246. The firm has a market cap of $4.05 billion, a price-to-earnings ratio of 12.54, a PEG ratio of 2.84 and a beta of 0.57. Tribune has a 52-week low of $31.61 and a 52-week high of $46.46. The company has a debt-to-equity ratio of 0.83, a quick ratio of 3.64 and a current ratio of 3.64.

Tribune (NYSE:TRCO) last released its quarterly earnings results on Friday, March 1st. The company reported $1.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.53 by $0.02. The business had revenue of $578.73 million during the quarter, compared to analyst estimates of $577.59 million. Tribune had a net margin of 20.53% and a return on equity of 9.50%. The company’s quarterly revenue was up 18.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.81 earnings per share. As a group, equities analysts predict that Tribune will post 1.75 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Monday, March 11th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.17%. The ex-dividend date was Friday, March 8th. Tribune’s payout ratio is 27.17%.

Separately, Zacks Investment Research raised shares of Tribune from a “sell” rating to a “hold” rating in a research note on Wednesday, February 27th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. Tribune currently has an average rating of “Hold” and a consensus target price of $42.17.

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Tribune Profile

Tribune Media Company, through its subsidiaries, operates as a diversified 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 (NYSE:TRCO)

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