Northern Trust Corp lessened its position in tronc Inc (NASDAQ:TRNC) by 3.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 227,025 shares of the company’s stock after selling 8,691 shares during the period. Northern Trust Corp owned 0.64% of tronc worth $3,922,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Mackay Shields LLC increased its holdings in tronc by 9.7% during the 2nd quarter. Mackay Shields LLC now owns 197,001 shares of the company’s stock valued at $3,404,000 after acquiring an additional 17,500 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of tronc during the second quarter worth about $168,000. Russell Investments Group Ltd. grew its holdings in shares of tronc by 128.5% during the second quarter. Russell Investments Group Ltd. now owns 122,390 shares of the company’s stock worth $2,118,000 after buying an additional 68,837 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of tronc by 68.9% during the second quarter. American Century Companies Inc. now owns 198,646 shares of the company’s stock worth $3,433,000 after buying an additional 81,064 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of tronc by 30.4% during the second quarter. Dimensional Fund Advisors LP now owns 762,990 shares of the company’s stock worth $13,185,000 after buying an additional 177,822 shares in the last quarter. 38.71% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have recently commented on the stock. Noble Financial set a $21.00 price target on shares of tronc and gave the stock a “buy” rating in a report on Friday, August 10th. Zacks Investment Research downgraded shares of tronc from a “hold” rating to a “sell” rating in a report on Thursday, August 16th. Finally, BidaskClub upgraded shares of tronc from a “strong sell” rating to a “sell” rating in a report on Saturday, September 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. tronc has an average rating of “Hold” and a consensus target price of $21.33.
ILLEGAL ACTIVITY WARNING: This news story was originally posted by WKRB News and is owned by of WKRB News. If you are viewing this news story on another website, it was illegally stolen and republished in violation of US & international copyright & trademark legislation. The original version of this news story can be viewed at https://www.wkrb13.com/2018/11/24/northern-trust-corp-sells-8691-shares-of-tronc-inc-trnc.html.
tronc, Inc, a media company, publishes newspapers worldwide. The company operates in two segments, troncM and troncX. 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.
Featured Article: What are the benefits of buying treasury bonds?
Receive News & Ratings for tronc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for tronc and related companies with MarketBeat.com's FREE daily email newsletter.