Campbell & CO Investment Adviser LLC bought a new position in shares of Tribune Publishing Co (NASDAQ:TPCO) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 36,328 shares of the company’s stock, valued at approximately $424,000. Campbell & CO Investment Adviser LLC owned approximately 0.10% of Tribune Publishing at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Citigroup Inc. lifted its position in shares of Tribune Publishing by 43.4% during the first quarter. Citigroup Inc. now owns 5,110 shares of the company’s stock worth $41,000 after acquiring an additional 1,546 shares in the last quarter. Bank of Montreal Can raised its position in shares of Tribune Publishing by 47.0% in the second quarter. Bank of Montreal Can now owns 4,752 shares of the company’s stock worth $44,000 after buying an additional 1,520 shares in the last quarter. Simplex Trading LLC purchased a new stake in shares of Tribune Publishing in the second quarter worth $57,000. Deutsche Bank AG raised its position in shares of Tribune Publishing by 46.5% in the first quarter. Deutsche Bank AG now owns 8,515 shares of the company’s stock worth $69,000 after buying an additional 2,704 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of Tribune Publishing in the first quarter worth $98,000. Hedge funds and other institutional investors own 60.85% of the company’s stock.
TPCO has been the topic of a number of recent analyst reports. BidaskClub downgraded Tribune Publishing from a “buy” rating to a “hold” rating in a research report on Saturday, September 26th. Zacks Investment Research downgraded Tribune Publishing from a “buy” rating to a “hold” rating in a research report on Friday, October 2nd. Finally, ValuEngine upgraded Tribune Publishing from a “hold” rating to a “buy” rating in a research report on Monday, August 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. Tribune Publishing has an average rating of “Hold” and an average target price of $12.00.
Tribune Publishing (NASDAQ:TPCO) last released its earnings results on Wednesday, August 5th. The company reported $0.14 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.17) by $0.31. The business had revenue of $183.10 million for the quarter. Tribune Publishing had a negative return on equity of 12.81% and a negative net margin of 7.20%. As a group, equities analysts anticipate that Tribune Publishing Co will post -0.59 earnings per share for the current year.
Tribune Publishing Company Profile
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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