Renaissance Technologies LLC raised its stake in tronc Inc (NASDAQ:TRNC) by 6.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 685,300 shares of the company’s stock after purchasing an additional 43,600 shares during the period. Renaissance Technologies LLC’s holdings in tronc were worth $11,191,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in TRNC. Dimensional Fund Advisors LP increased its holdings in shares of tronc by 30.4% in the second quarter. Dimensional Fund Advisors LP now owns 762,990 shares of the company’s stock valued at $13,185,000 after purchasing an additional 177,822 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of tronc in the third quarter valued at $2,558,000. JPMorgan Chase & Co. increased its holdings in shares of tronc by 19.4% in the third quarter. JPMorgan Chase & Co. now owns 836,356 shares of the company’s stock valued at $13,657,000 after purchasing an additional 136,122 shares during the last quarter. Acadian Asset Management LLC increased its holdings in shares of tronc by 11.8% in the third quarter. Acadian Asset Management LLC now owns 1,106,234 shares of the company’s stock valued at $18,063,000 after purchasing an additional 116,567 shares during the last quarter. Finally, Alliancebernstein L.P. increased its holdings in shares of tronc by 446.1% in the third quarter. Alliancebernstein L.P. now owns 111,400 shares of the company’s stock valued at $1,819,000 after purchasing an additional 91,000 shares during the last quarter. Hedge funds and other institutional investors own 38.71% of the company’s stock.
Shares of TRNC stock traded down $0.11 on Friday, hitting $16.11. The company’s stock had a trading volume of 101,997 shares, compared to its average volume of 175,533. tronc Inc has a fifty-two week low of $13.86 and a fifty-two week high of $24.74.
TRNC has been the topic of several research reports. BidaskClub downgraded shares of tronc from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 3rd. Zacks Investment Research upgraded shares of tronc from a “sell” rating to a “hold” rating in a research note on Thursday, October 11th.
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tronc Company Profile
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.
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