As Thomson Reuters Corp (TRI) Valuation Declined, Altrinsic Global Advisors LLC Has Cut Its Stake by $10.26 Million

July 17, 2017 - By test

Investors sentiment increased to 0.98 in 2016 Q4. Its up 0.11, from 0.87 in 2016Q3. It improved, as 20 investors sold TRI shares while 108 reduced holdings. 36 funds opened positions while 90 raised stakes. 197.70 million shares or 4.30% less from 206.57 million shares in 2016Q3 were reported. Qs Invsts has invested 0.01% in Thomson Reuters Corp (NYSE:TRI). Comml Bank invested in 0.01% or 11,373 shares. Bankshares Of Stockton holds 0.17% or 8,010 shares in its portfolio. Moreover, Wells Fargo Mn has 0.01% invested in Thomson Reuters Corp (NYSE:TRI). Wellington Shields Cap Mngmt Ltd Liability reported 0.04% of its portfolio in Thomson Reuters Corp (NYSE:TRI). 5,001 are owned by Private Advisor Limited Liability Company. Geode Mgmt Lc has invested 0% of its portfolio in Thomson Reuters Corp (NYSE:TRI). Dekabank Deutsche Girozentrale reported 20,550 shares. Ahl Ptnrs Ltd Liability Partnership holds 0.15% or 116,227 shares. Moreover, Hutchin Hill Cap Lp has 0.02% invested in Thomson Reuters Corp (NYSE:TRI). Hightower Advsrs Limited Liability Co holds 0.04% or 82,977 shares. Rothschild Asset Mgmt invested in 0.05% or 82,280 shares. Montrusco Bolton Invs holds 6.15% or 2.55M shares in its portfolio. Tradewinds Mgmt Ltd Limited Liability Company holds 0% or 150 shares in its portfolio. Pacad Limited invested 0.01% of its portfolio in Thomson Reuters Corp (NYSE:TRI).

Altrinsic Global Advisors Llc decreased its stake in Thomson Reuters Corp (TRI) by 7.05% based on its latest 2016Q4 regulatory filing with the SEC. Altrinsic Global Advisors Llc sold 238,642 shares as the company’s stock declined 3.74% while stock markets rallied. The institutional investor held 3.15M shares of the publishing company at the end of 2016Q4, valued at $137.81 million, down from 3.38 million at the end of the previous reported quarter. Altrinsic Global Advisors Llc who had been investing in Thomson Reuters Corp for a number of months, seems to be less bullish one the $33.17B market cap company. The stock declined 0.43% or $0.2 reaching $45.88 per share. About 455,509 shares traded. Thomson Reuters Corp (NYSE:TRI) has risen 6.95% since July 17, 2016 and is uptrending. It has underperformed by 9.75% the S&P500.

Altrinsic Global Advisors Llc, which manages about $14.11B and $2.70B US Long portfolio, upped its stake in Grupo Televisa Sa (NYSE:TV) by 1.18M shares to 5.44M shares, valued at $113.58M in 2016Q4, according to the filing. It also increased its holding in Public Svc Enterprise Group (NYSE:PEG) by 78,506 shares in the quarter, for a total of 1.04 million shares, and has risen its stake in Vodafone Group Plc New (NASDAQ:VOD).

Investors wait Thomson Reuters Corp (NYSE:TRI) to report on July, 27. its quarterly earnings Wall Street analysts expect $0.51 earnings per share, up $0.01 or 2.00 % from last year’s $0.5 same quarter earnings. This translates into $368.69M profit for TRI giving the stock a 22.49 P/E. This is assuming the current $0.51 EPS is accurate. Thomson Reuters Corp’s Wall Street analysts see -19.05 % negative EPS growth, taking into account the $0.63 EPS reproted in the previous quarter,

More news for Thomson Reuters Corp (NYSE:TRI) were recently published by: Seekingalpha.com, which released: “Thomson Reuters: Paying Higher Dividends For 24 Consecutive Years” on July 08, 2017. Benzinga.com‘s article titled: “Thomson Reuters Is A Buy; Look For Good News On The Topline This Year” and published on June 19, 2017 is yet another important article.

Thomson Reuters Corp (NYSE:TRI) Ratings Coverage

Among 13 analysts covering Thomson Reuters (NYSE:TRI), 2 have Buy rating, 1 Sell and 10 Hold. Therefore 15% are positive. Thomson Reuters had 18 analyst reports since July 29, 2015 according to SRatingsIntel. The rating was downgraded by TD Securities to “Hold” on Monday, June 27. JP Morgan reinitiated the stock with “Neutral” rating in Thursday, November 3 report. The firm has “Buy” rating given on Monday, June 19 by Deutsche Bank. The company was initiated on Friday, August 26 by Macquarie Research. RBC Capital Markets maintained Thomson Reuters Corp (NYSE:TRI) rating on Monday, June 19. RBC Capital Markets has “Hold” rating and $4400 target. The firm has “Buy” rating by TD Securities given on Wednesday, July 29. On Tuesday, August 23 the stock rating was maintained by Barclays Capital with “Equal-Weight”. The rating was initiated by Berenberg on Thursday, April 20 with “Sell”. The stock has “Hold” rating by Canaccord Genuity on Monday, May 1. The stock of Thomson Reuters Corp (NYSE:TRI) has “Neutral” rating given on Thursday, January 7 by Bank of America.

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