Prudential Financial Inc. Takes Position in Tribune Publishing Co (TPCO)

Prudential Financial Inc. acquired a new stake in shares of Tribune Publishing Co (NASDAQ:TPCO) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 29,058 shares of the company’s stock, valued at approximately $330,000. Prudential Financial Inc. owned approximately 0.08% of Tribune Publishing as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in TPCO. Peregrine Capital Management LLC raised its position in shares of Tribune Publishing by 48.3% during the fourth quarter. Peregrine Capital Management LLC now owns 631,268 shares of the company’s stock valued at $7,159,000 after buying an additional 205,585 shares during the last quarter. Panagora Asset Management Inc. bought a new stake in shares of Tribune Publishing during the third quarter valued at approximately $2,344,000. Chicago Equity Partners LLC bought a new stake in shares of Tribune Publishing during the fourth quarter valued at approximately $674,000. Bridgeway Capital Management Inc. bought a new stake in shares of Tribune Publishing during the third quarter valued at approximately $852,000. Finally, Strs Ohio bought a new stake in Tribune Publishing in the fourth quarter worth $478,000. Institutional investors and hedge funds own 42.59% of the company’s stock.

Several equities research analysts recently weighed in on TPCO shares. Zacks Investment Research cut shares of Tribune Publishing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 22nd. Noble Financial reiterated a “buy” rating on shares of Tribune Publishing in a research report on Sunday, January 20th.

Tribune Publishing stock traded up $0.02 during trading hours on Friday, reaching $11.75. The stock had a trading volume of 132,764 shares, compared to its average volume of 113,067. The company has a market capitalization of $420.72 million, a PE ratio of 10.88 and a beta of 1.67. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.24 and a current ratio of 1.29. Tribune Publishing Co has a 52 week low of $10.26 and a 52 week high of $20.35.

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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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Institutional Ownership by Quarter for Tribune Publishing (NASDAQ:TPCO)

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