Teachers Advisors LLC Decreases Holdings in tronc, Inc. (TRNC)

Teachers Advisors LLC lessened its holdings in shares of tronc, Inc. (NASDAQ:TRNC) by 22.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 36,941 shares of the company’s stock after selling 10,813 shares during the period. Teachers Advisors LLC owned 0.11% of tronc worth $476,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of tronc by 3.9% during the first quarter. Vanguard Group Inc. now owns 1,015,745 shares of the company’s stock worth $14,140,000 after purchasing an additional 38,463 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of tronc by 28.2% during the first quarter. Renaissance Technologies LLC now owns 247,100 shares of the company’s stock worth $3,440,000 after purchasing an additional 54,400 shares during the period. Geode Capital Management LLC lifted its holdings in shares of tronc by 8.5% during the first quarter. Geode Capital Management LLC now owns 217,356 shares of the company’s stock worth $3,025,000 after purchasing an additional 17,112 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in shares of tronc by 3.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 202,295 shares of the company’s stock worth $2,608,000 after purchasing an additional 6,975 shares during the period. Finally, California Public Employees Retirement System lifted its holdings in shares of tronc by 18.2% during the first quarter. California Public Employees Retirement System now owns 159,400 shares of the company’s stock worth $2,219,000 after purchasing an additional 24,600 shares during the period. Institutional investors own 35.86% of the company’s stock.

tronc, Inc. (NASDAQ:TRNC) opened at $15.46 on Friday. The company has a current ratio of 1.57, a quick ratio of 1.54 and a debt-to-equity ratio of 4.98. The firm has a market cap of $519.43, a PE ratio of 11.20 and a beta of 1.73. tronc, Inc. has a fifty-two week low of $10.80 and a fifty-two week high of $15.90.

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Several equities analysts recently issued reports on TRNC shares. Noble Financial restated a “buy” rating on shares of tronc in a report on Thursday, September 7th. Zacks Investment Research lowered shares of tronc from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 4th. Finally, ValuEngine upgraded shares of tronc from a “hold” rating to a “buy” rating in a report on Friday, October 27th.

tronc Profile

tronc, Inc, formerly Tribune Publishing Company, is a media company. As of December 25, 2016, the Company operated over 150 titles in nine markets. Its portfolio of news and information brands are in markets, including Los Angeles and San Diego, California; Chicago, Illinois; Fort Lauderdale and Orlando, Florida; Baltimore, Maryland; Hartford, Connecticut; Allentown, Pennsylvania, and Newport News, Virginia.

Institutional Ownership by Quarter for tronc (NASDAQ:TRNC)

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