Heathbridge Capital Management Ltd. Lowers stake in Thomson Reuters Corp (TRI)

Thomson Reuters Corp (TRI) : Heathbridge Capital Management Ltd. reduced its stake in Thomson Reuters Corp by 4.38% during the most recent quarter end. The investment management company now holds a total of 588,400 shares of Thomson Reuters Corp which is valued at $24,818,712 after selling 26,970 shares in Thomson Reuters Corp , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Thomson Reuters Corp makes up approximately 6.23% of Heathbridge Capital Management Ltd.’s portfolio.

Other Hedge Funds, Including , Penserra Capital Management boosted its stake in TRI in the latest quarter, The investment management firm added 33 additional shares and now holds a total of 709 shares of Thomson Reuters Corp which is valued at $29,906.Strs Ohio reduced its stake in TRI by selling 17,396 shares or 8.94% in the most recent quarter. The Hedge Fund company now holds 177,232 shares of TRI which is valued at $7,681,235. Thomson Reuters Corp makes up approx 0.03% of Strs Ohio’s portfolio.Gierl Augustine Investment Management Inc reduced its stake in TRI by selling 1,136 shares or 53.16% in the most recent quarter. The Hedge Fund company now holds 1,001 shares of TRI which is valued at $42,603. Thomson Reuters Corp makes up approx 0.04% of Gierl Augustine Investment Management Inc’s portfolio. Cutler Group Lp sold out all of its stake in TRI during the most recent quarter. The investment firm sold 12,864 shares of TRI which is valued $547,492.

Thomson Reuters Corp opened for trading at $41.2 and hit $41.7 on the upside on Wednesday, eventually ending the session at $41.6, with a gain of 0.78% or 0.32 points. The heightened volatility saw the trading volume jump to 5,99,906 shares. Company has a market cap of $31,018 M.

On the company’s financial health, Thomson Reuters Corp reported $0.50 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.49. The company had revenue of $2769.00 million for the quarter, compared to analysts expectations of $2827.13 million. The company’s revenue was down -1.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.52 EPS.

Many Wall Street Analysts have commented on Thomson Reuters Corp. Thomson Reuters Corp was Downgraded by TD Securities to ” Hold” on Jun 27, 2016.

Thomson Reuters Corporation is a provider of intelligent information for businesses and professionals. The Company is organized into four business units: Financial & Risk Legal Tax & Accounting and Intellectual Property & Science. Financial & Risk business unit provides news information and analytics enabling transactions and bringing together financial communities. It also provides regulatory and operational risk management solutions. Legal business unit provides online and print information decision tools software and services that support legal investigation business and government professionals. Tax & Accounting business unit provides integrated tax compliance and accounting information software and services for professionals in accounting firms corporations law firms and government. Intellectual Property & Science business unit provides intellectual property and scientific information decision support tools and services.

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