AQR Capital Management LLC Has $3.62 Million Holdings in tronc Inc (NASDAQ:TRNC)

AQR Capital Management LLC grew its stake in shares of tronc Inc (NASDAQ:TRNC) by 106.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 221,653 shares of the company’s stock after purchasing 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 hedge funds also recently added to or reduced their stakes in the business. SG Americas Securities LLC acquired a new position in tronc in the 2nd quarter valued at $168,000. WINTON GROUP Ltd acquired a new position in tronc in the 2nd quarter valued at $175,000. Trexquant Investment LP acquired a new position in tronc in the 3rd quarter valued at $220,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in tronc in the 3rd quarter valued at $354,000. Finally, Raymond James & Associates acquired a new position in tronc in the 2nd quarter valued at $594,000. 38.71% of the stock is currently owned by institutional investors.

Shares of tronc stock traded down $0.11 on Friday, hitting $16.11. The company’s stock had a trading volume of 101,997 shares, compared to its average volume of 175,533. tronc Inc has a 52-week low of $13.86 and a 52-week high of $24.74.

Several equities research analysts have commented on TRNC shares. BidaskClub lowered shares of tronc from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 3rd. Zacks Investment Research upgraded shares of tronc from a “sell” rating to a “hold” rating in a research report on Thursday, October 11th.

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tronc Company 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.