Barclays PLC lowered its holdings in Tribune Publishing Co (NASDAQ:TPCO) by 29.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,132 shares of the company’s stock after selling 3,799 shares during the quarter. Barclays PLC’s holdings in Tribune Publishing were worth $78,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of TPCO. BNP Paribas Arbitrage SA purchased a new position in shares of Tribune Publishing in the 2nd quarter worth approximately $33,000. Public Employees Retirement System of Ohio purchased a new position in shares of Tribune Publishing in the 3rd quarter worth approximately $63,000. Prudential Financial Inc. purchased a new position in shares of Tribune Publishing in the 2nd quarter worth approximately $98,000. A.R.T. Advisors LLC purchased a new position in shares of Tribune Publishing in the 2nd quarter worth approximately $106,000. Finally, Zebra Capital Management LLC purchased a new position in shares of Tribune Publishing in the 2nd quarter worth approximately $113,000. Institutional investors and hedge funds own 35.20% of the company’s stock.
Separately, TheStreet raised shares of Tribune Publishing from a “d+” rating to a “c” rating in a research report on Friday, November 29th.
Shares of Tribune Publishing stock traded down $0.14 on Monday, reaching $12.75. The stock had a trading volume of 74,847 shares, compared to its average volume of 88,194. The company has a 50 day moving average price of $12.86 and a 200 day moving average price of $9.45. 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 Co has a 1 year low of $7.00 and a 1 year high of $13.86.
Tribune Publishing (NASDAQ:TPCO) last released its earnings results 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 analysts’ expectations 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, sell-side analysts predict that Tribune Publishing Co will post 0.43 EPS for the current fiscal year.
In related news, major shareholder Alden Global Capital Llc bought 198,558 shares of the company’s stock in a transaction on Monday, November 25th. The shares were bought at an average price of $12.98 per share, with a total value of $2,577,282.84. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Michael W. Ferro, Jr. sold 23,741 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $13.00, for a total transaction of $308,633.00. The disclosure for this sale can be found here. In the last three months, insiders have acquired 1,176,859 shares of company stock worth $14,581,729. 2.20% of the stock is owned by insiders.
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.
