Strs Ohio purchased a new position in Tribune Publishing Co (NASDAQ:TPCO) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 42,200 shares of the company’s stock, valued at approximately $478,000. Strs Ohio owned 0.12% of Tribune Publishing at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TPCO. Peregrine Capital Management LLC lifted 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 period. Panagora Asset Management Inc. bought a new position in Tribune Publishing during the third quarter valued at about $2,344,000. Bridgeway Capital Management Inc. bought a new position in Tribune Publishing during the third quarter valued at about $852,000. Matarin Capital Management LLC bought a new position in Tribune Publishing during the third quarter valued at about $685,000. Finally, Bank of Montreal Can bought a new position in Tribune Publishing during the fourth quarter valued at about $355,000. Institutional investors and hedge funds own 39.79% of the company’s stock.
Several equities research analysts have commented on the stock. Noble Financial reaffirmed a “buy” rating on shares of Tribune Publishing in a report on Sunday, January 20th. Zacks Investment Research raised shares of Tribune Publishing from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a report on Tuesday, January 29th.
Shares of Tribune Publishing stock traded down $0.15 on Wednesday, reaching $11.52. The stock had a trading volume of 53,800 shares, compared to its average volume of 113,482. The company has a market cap of $415.81 million, a price-to-earnings ratio of 10.59 and a beta of 1.69. The company has a current ratio of 1.22, a quick ratio of 1.17 and a debt-to-equity ratio of 0.02. Tribune Publishing Co has a 1 year low of $10.26 and a 1 year 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, 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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