tronc Inc (NASDAQ:TRNC) Holdings Increased by AQR Capital Management LLC

AQR Capital Management LLC boosted its position in tronc Inc (NASDAQ:TRNC) by 106.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 221,653 shares of the company’s stock after acquiring an additional 114,517 shares during the quarter. AQR Capital Management LLC’s holdings in tronc were worth $3,620,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its stake in shares of tronc by 30.4% during the second quarter. Dimensional Fund Advisors LP now owns 762,990 shares of the company’s stock worth $13,185,000 after purchasing an additional 177,822 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of tronc during the third quarter worth about $2,558,000. JPMorgan Chase & Co. increased its position in shares of tronc by 19.4% during the third quarter. JPMorgan Chase & Co. now owns 836,356 shares of the company’s stock worth $13,657,000 after acquiring an additional 136,122 shares during the last quarter. Acadian Asset Management LLC increased its position in shares of tronc by 11.8% during the third quarter. Acadian Asset Management LLC now owns 1,106,234 shares of the company’s stock worth $18,063,000 after acquiring an additional 116,567 shares during the last quarter. Finally, Putnam Investments LLC purchased a new stake in shares of tronc during the third quarter worth about $1,733,000. Hedge funds and other institutional investors own 38.71% of the company’s stock.

Shares of NASDAQ TRNC traded down $0.11 during midday trading on Friday, hitting $16.11. 101,997 shares of the company’s stock were exchanged, compared to its average volume of 175,533. tronc Inc has a twelve month low of $13.86 and a twelve month high of $24.74.

Separately, Zacks Investment Research raised tronc from a “sell” rating to a “hold” rating in a report on Thursday, October 11th.

COPYRIGHT VIOLATION WARNING: “tronc Inc (NASDAQ:TRNC) Holdings Increased by AQR Capital Management LLC” was originally reported by Fairfield Current and is owned by of Fairfield Current. If you are accessing this article on another website, it was illegally stolen and republished in violation of U.S. and international copyright law. The legal version of this article can be viewed at https://www.fairfieldcurrent.com/news/2019/02/03/aqr-capital-management-llc-purchases-114517-shares-of-tronc-inc-trnc.html.

tronc Profile

tronc, Inc, 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.