A number of other hedge funds also recently made changes to their positions in TRNC. Ancora Advisors LLC grew its holdings in tronc by 17.9% during the third quarter. Ancora Advisors LLC now owns 424,302 shares of the company’s stock worth $6,929,000 after buying an additional 64,530 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in tronc during the third quarter worth $354,000. Dimensional Fund Advisors LP grew its holdings in tronc by 10.3% during the third quarter. Dimensional Fund Advisors LP now owns 841,593 shares of the company’s stock worth $13,743,000 after buying an additional 78,603 shares in the last quarter. Trexquant Investment LP bought a new stake in tronc during the third quarter worth $220,000. Finally, Alliancebernstein L.P. grew its holdings in tronc by 446.1% during the third quarter. Alliancebernstein L.P. now owns 111,400 shares of the company’s stock worth $1,819,000 after buying an additional 91,000 shares in the last quarter. Hedge funds and other institutional investors own 38.71% of the company’s stock.
Several equities research analysts recently issued reports on TRNC shares. BidaskClub downgraded tronc from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 3rd. Zacks Investment Research downgraded tronc from a “hold” rating to a “sell” rating in a report on Friday, September 21st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $21.33.
tronc Inc has a 12 month low of $13.86 and a 12 month high of $24.74.
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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.
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