Tribune Publishing (NASDAQ:TPCO) was upgraded by research analysts at TheStreet from a “d+” rating to a “c” rating in a report issued on Friday, TheStreetRatingsTable reports.
TPCO has been the subject of several other reports. Zacks Investment Research downgraded Tribune Publishing from a “hold” rating to a “sell” rating in a report on Friday, August 30th. Noble Financial set a $19.00 price target on Tribune Publishing and gave the stock a “buy” rating in a research note on Tuesday, August 20th.
NASDAQ TPCO opened at $12.60 on Friday. Tribune Publishing has a 1 year low of $7.00 and a 1 year high of $15.14. The business’s fifty day moving average is $9.82 and its two-hundred day moving average is $8.80. The company has a quick ratio of 0.98, a current ratio of 1.01 and a debt-to-equity ratio of 0.31.
Tribune Publishing (NASDAQ:TPCO) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.42). The company had revenue of $236.03 million for the quarter, compared to the consensus estimate of $227.90 million. Tribune Publishing had a positive return on equity of 1.03% and a negative net margin of 2.12%. On average, equities analysts anticipate that Tribune Publishing will post 0.21 earnings per share for the current fiscal year.
In other Tribune Publishing news, major shareholder Michael W. Ferro, Jr. sold 23,741 shares of Tribune Publishing stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $13.00, for a total transaction of $308,633.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Alden Global Capital Llc bought 184,500 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was acquired at an average price of $10.94 per share, for a total transaction of $2,018,430.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 1,176,859 shares of company stock worth $14,581,729. Corporate insiders own 2.20% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. BNP Paribas Arbitrage SA acquired a new stake in shares of Tribune Publishing during the second quarter worth approximately $33,000. Public Employees Retirement System of Ohio acquired a new position in Tribune Publishing in the third quarter worth approximately $63,000. Nisa Investment Advisors LLC increased its holdings in Tribune Publishing by 3,134.0% in the second quarter. Nisa Investment Advisors LLC now owns 7,600 shares of the company’s stock worth $61,000 after buying an additional 7,365 shares during the last quarter. Prudential Financial Inc. acquired a new position in Tribune Publishing in the second quarter worth approximately $98,000. Finally, A.R.T. Advisors LLC bought a new position in Tribune Publishing during the second quarter valued at approximately $106,000. 35.20% of the stock is owned by institutional investors and hedge funds.
About Tribune Publishing
Tribune Publishing Company, a media company, publishes newspapers worldwide. The company operates in two segments, M and X. 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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