Triasima Portfolio Management inc. Has $8.75 Million Stock Position in Thomson Reuters Co. (NYSE:TRI)

Triasima Portfolio Management inc. lowered its stake in Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) by 22.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 54,500 shares of the business services provider’s stock after selling 15,907 shares during the period. Thomson Reuters makes up 1.7% of Triasima Portfolio Management inc.’s portfolio, making the stock its 14th largest holding. Triasima Portfolio Management inc.’s holdings in Thomson Reuters were worth $8,747,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of TRI. Decker Retirement Planning Inc. acquired a new position in Thomson Reuters in the 4th quarter valued at about $26,000. Asset Dedication LLC boosted its holdings in Thomson Reuters by 125.0% in the 3rd quarter. Asset Dedication LLC now owns 234 shares of the business services provider’s stock valued at $40,000 after purchasing an additional 130 shares during the period. Ashton Thomas Securities LLC bought a new stake in Thomson Reuters in the 3rd quarter valued at about $47,000. Exchange Traded Concepts LLC boosted its holdings in Thomson Reuters by 104.4% in the 3rd quarter. Exchange Traded Concepts LLC now owns 327 shares of the business services provider’s stock valued at $56,000 after purchasing an additional 167 shares during the period. Finally, Nisa Investment Advisors LLC boosted its holdings in Thomson Reuters by 67.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 496 shares of the business services provider’s stock valued at $85,000 after purchasing an additional 200 shares during the period. Institutional investors and hedge funds own 17.31% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on TRI shares. Royal Bank of Canada boosted their price objective on shares of Thomson Reuters from $171.00 to $173.00 and gave the company a “sector perform” rating in a report on Wednesday, November 6th. Scotiabank boosted their price objective on shares of Thomson Reuters from $182.00 to $187.00 and gave the company a “sector outperform” rating in a report on Wednesday, November 6th. StockNews.com raised shares of Thomson Reuters from a “sell” rating to a “hold” rating in a report on Wednesday, January 8th. CIBC upped their price target on shares of Thomson Reuters from $164.00 to $165.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. Finally, Wells Fargo & Company began coverage on shares of Thomson Reuters in a report on Tuesday, November 26th. They set an “equal weight” rating and a $165.00 price target for the company. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $176.10.

Thomson Reuters Price Performance

Shares of NYSE:TRI opened at $176.86 on Friday. The company has a market cap of $79.59 billion, a price-to-earnings ratio of 34.81, a PEG ratio of 5.31 and a beta of 0.73. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a 50 day simple moving average of $163.98 and a 200 day simple moving average of $165.41. Thomson Reuters Co. has a one year low of $148.71 and a one year high of $178.35.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last issued its quarterly earnings data on Thursday, February 6th. The business services provider reported $1.01 EPS for the quarter, beating the consensus estimate of $0.97 by $0.04. Thomson Reuters had a net margin of 32.12% and a return on equity of 14.85%. Research analysts predict that Thomson Reuters Co. will post 3.69 earnings per share for the current fiscal year.

Thomson Reuters Company Profile

Thomson Reuters Corporation engages in the provision of business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal workflow solutions that combine content, tools, and analytics to law firms and governments.