American International Group Inc. Acquires 1,082 Shares of tronc, Inc. (NASDAQ:TRNC)

American International Group Inc. raised its position in shares of tronc, Inc. (NASDAQ:TRNC) by 7.1% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 16,420 shares of the company’s stock after buying an additional 1,082 shares during the period. American International Group Inc.’s holdings in tronc were worth $229,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of TRNC. Bank of New York Mellon Corp boosted its stake in shares of tronc by 3.5% in the first quarter. Bank of New York Mellon Corp now owns 97,942 shares of the company’s stock worth $1,364,000 after buying an additional 3,296 shares during the period. Hosking Partners LLP boosted its stake in shares of tronc by 10.2% in the first quarter. Hosking Partners LLP now owns 46,379 shares of the company’s stock worth $646,000 after buying an additional 4,294 shares during the period. Algert Global LLC boosted its stake in shares of tronc by 4.7% in the first quarter. Algert Global LLC now owns 97,806 shares of the company’s stock worth $1,361,000 after buying an additional 4,370 shares during the period. Parametric Portfolio Associates LLC boosted its stake in shares of tronc by 6.2% in the first quarter. Parametric Portfolio Associates LLC now owns 124,386 shares of the company’s stock worth $1,731,000 after buying an additional 7,295 shares during the period. Finally, OMERS ADMINISTRATION Corp boosted its stake in shares of tronc by 38.4% in the first quarter. OMERS ADMINISTRATION Corp now owns 26,300 shares of the company’s stock worth $366,000 after buying an additional 7,300 shares during the period. Institutional investors and hedge funds own 37.13% of the company’s stock.

Shares of tronc, Inc. (NASDAQ:TRNC) opened at 13.03 on Friday. The firm has a market capitalization of $427.61 million, a PE ratio of 46.54 and a beta of 1.79. tronc, Inc. has a 12 month low of $8.76 and a 12 month high of $17.93. The stock has a 50 day moving average of $12.71 and a 200-day moving average of $13.23.

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A number of equities research analysts have recently commented on the stock. Noble Financial reiterated a “buy” rating on shares of tronc in a research report on Saturday, May 6th. Zacks Investment Research cut shares of tronc from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. ValuEngine cut shares of tronc from a “buy” rating to a “hold” rating in a research report on Friday, June 9th. Finally, TheStreet cut shares of tronc from a “c-” rating to a “d” rating in a research report on Friday, May 26th.

About tronc

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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