Zacks Investment Research upgraded shares of Tribune Publishing (NASDAQ:TPCO) from a sell rating to a hold rating in a research report report published on Thursday morning.
According to Zacks, “Tribune Publishing Company is a media company. It offers sports, entertainment, business, real estate and travel news and information primarily in the United States. The company operates local media businesses with titles including the Chicago Tribune, New York Daily News, The Baltimore Sun, Orlando Sentinel, South Florida’s Sun-Sentinel, Virginia’s Daily Press and The Virginian-Pilot, The Morning Call of Lehigh Valley, Pennsylvania, and the Hartford Courant. Tribune Publishing Company, formerly known as Tronc, Inc., is headquartered in Chicago, Illinois. “
Separately, Noble Financial restated a buy rating on shares of Tribune Publishing in a research note on Sunday, January 20th.
Shares of Tribune Publishing stock traded down $0.14 during trading hours on Thursday, hitting $11.92. 44,235 shares of the company’s stock traded hands, compared to its average volume of 118,786. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.22 and a quick ratio of 1.17. The company has a market capitalization of $431.84 million, a PE ratio of 23.78 and a beta of 1.69. Tribune Publishing has a twelve month low of $10.26 and a twelve month high of $20.35.
Several institutional investors have recently made changes to their positions in the company. FMR LLC acquired a new stake in shares of Tribune Publishing during the fourth quarter valued at about $39,000. Legal & General Group Plc acquired a new stake in shares of Tribune Publishing during the fourth quarter valued at about $43,000. Great West Life Assurance Co. Can acquired a new stake in shares of Tribune Publishing during the fourth quarter valued at about $42,000. Metropolitan Life Insurance Co. NY acquired a new stake in shares of Tribune Publishing during the fourth quarter valued at about $48,000. Finally, MetLife Investment Advisors LLC acquired a new stake in shares of Tribune Publishing during the fourth quarter valued at about $79,000. Institutional investors own 39.79% of the company’s stock.
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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