Altrinsic Global Advisors LLC Has Trimmed Its Thomson Reuters Corp (TRI) Stake as Shares Rose

October 13, 2018 - By Hazel Jackson

Thomson Reuters Corporation (NYSE:TRI) LogoInvestors sentiment decreased to 0.7 in Q2 2018. Its down 0.06, from 0.76 in 2018Q1. It is negative, as 33 investors sold TRI shares while 87 reduced holdings. 23 funds opened positions while 61 raised stakes. 157.20 million shares or 8.08% less from 171.02 million shares in 2018Q1 were reported. Advisory Services Limited Company holds 0% in Thomson Reuters Corporation (NYSE:TRI) or 234 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Inv Management reported 0.21% stake. Mawer Invest Management Limited accumulated 3.52 million shares or 1.15% of the stock. Wg Shaheen Associates Dba Whitney invested in 0% or 69 shares. Ingalls And Snyder Lc invested in 0.03% or 18,061 shares. Tobam has invested 0.43% in Thomson Reuters Corporation (NYSE:TRI). Citadel Advsrs Ltd has invested 0% of its portfolio in Thomson Reuters Corporation (NYSE:TRI). Ww Asset Mgmt Incorporated holds 21,731 shares or 0.04% of its portfolio. 13,596 are owned by Ruffer Limited Liability Partnership. Scotia Inc invested in 311,833 shares or 0.16% of the stock. Covington Management, California-based fund reported 100 shares. Jane Street Grp Inc Ltd holds 0% in Thomson Reuters Corporation (NYSE:TRI) or 51,973 shares. Toronto Dominion National Bank stated it has 0.15% of its portfolio in Thomson Reuters Corporation (NYSE:TRI). Moreover, Amundi Pioneer Asset Management Inc has 0.01% invested in Thomson Reuters Corporation (NYSE:TRI). Korea-based Korea has invested 0.02% in Thomson Reuters Corporation (NYSE:TRI).

Altrinsic Global Advisors Llc decreased its stake in Thomson Reuters Corp (TRI) by 44.94% based on its latest 2018Q2 regulatory filing with the SEC. Altrinsic Global Advisors Llc sold 1.46 million shares as the company’s stock rose 10.86% with the market. The institutional investor held 1.79 million shares of the publishing company at the end of 2018Q2, valued at $72.04 million, down from 3.24 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 $25.89B market cap company. The stock increased 2.65% or $1.18 during the last trading session, reaching $45.64. About 2.70 million shares traded or 1.09% up from the average. Thomson Reuters Corporation (NYSE:TRI) has declined 1.29% since October 13, 2017 and is downtrending. It has underperformed by 16.91% the S&P500.

Altrinsic Global Advisors Llc, which manages about $14.11 billion and $2.53 billion US Long portfolio, upped its stake in Pepsico Inc (NYSE:PEP) by 106,581 shares to 548,871 shares, valued at $59.76 million in 2018Q2, according to the filing. It also increased its holding in Chubb Limited by 184,378 shares in the quarter, for a total of 1.60 million shares, and has risen its stake in Comcast Corp New (NASDAQ:CMCSA).

Analysts await Thomson Reuters Corporation (NYSE:TRI) to report earnings on November, 7. They expect $0.06 EPS, down 91.18 % or $0.62 from last year’s $0.68 per share. TRI’s profit will be $34.04M for 190.17 P/E if the $0.06 EPS becomes a reality. After $0.17 actual EPS reported by Thomson Reuters Corporation for the previous quarter, Wall Street now forecasts -64.71 % negative EPS growth.

Another recent and important Thomson Reuters Corporation (NYSE:TRI) news was published by Seekingalpha.com which published an article titled: “Thomson Reuters: In-Depth Financial Analysis Of The Blackstone Deal” on September 16, 2018.

Thomson Reuters Corporation (NYSE:TRI) Ratings Coverage

Among 4 analysts covering Thomson Reuters Corp Ordinary Shares (NYSE:TRI), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Thomson Reuters Corp Ordinary Shares had 5 analyst reports since May 14, 2018 according to SRatingsIntel. The company was upgraded on Monday, May 14 by Canaccord Genuity. The rating was upgraded by RBC Capital Markets on Monday, May 14 to “Buy”. The company was maintained on Monday, May 14 by Bank of America. Barclays Capital maintained Thomson Reuters Corporation (NYSE:TRI) rating on Monday, May 14. Barclays Capital has “Equal-Weight” rating and $40 target. The stock of Thomson Reuters Corporation (NYSE:TRI) has “Neutral” rating given on Wednesday, October 10 by Bank of America.

Thomson Reuters Corporation (NYSE:TRI) Ratings Chart

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