Ameriprise Financial Inc. boosted its stake in shares of tronc, Inc. (NASDAQ:TRNC) by 27.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,883 shares of the company’s stock after buying an additional 5,791 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.08% of tronc worth $348,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. TIAA CREF Investment Management LLC lifted its holdings in tronc by 38.2% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 95,596 shares of the company’s stock valued at $1,232,000 after buying an additional 26,445 shares in the last quarter. Alliancebernstein L.P. bought a new stake in tronc during the 2nd quarter valued at about $197,000. Wells Fargo & Company MN lifted its holdings in tronc by 11.7% during the 2nd quarter. Wells Fargo & Company MN now owns 23,927 shares of the company’s stock valued at $308,000 after buying an additional 2,507 shares in the last quarter. Hosking Partners LLP lifted its holdings in tronc by 1.7% during the 2nd quarter. Hosking Partners LLP now owns 47,174 shares of the company’s stock valued at $608,000 after buying an additional 795 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp lifted its holdings in tronc by 23.2% during the 2nd quarter. OMERS ADMINISTRATION Corp now owns 32,400 shares of the company’s stock valued at $418,000 after buying an additional 6,100 shares in the last quarter. Institutional investors own 35.29% of the company’s stock.

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tronc, Inc. (TRNC) opened at $15.38 on Wednesday. The company has a current ratio of 1.57, a quick ratio of 1.53 and a debt-to-equity ratio of 4.98. The company has a market cap of $527.83, a PE ratio of 11.38 and a beta of 1.73. tronc, Inc. has a 12-month low of $10.80 and a 12-month high of $15.90.

A number of research firms have commented on TRNC. Zacks Investment Research raised shares of tronc from a “sell” rating to a “hold” rating in a research report on Tuesday, November 7th. ValuEngine raised shares of tronc from a “hold” rating to a “buy” rating in a research report on Friday, October 27th. Finally, Noble Financial reissued a “buy” rating on shares of tronc in a research report on Thursday, September 7th.

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.

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Institutional Ownership by Quarter for tronc (NASDAQ:TRNC)

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