Altrinsic Global Advisors Lowers stake in Thomson Reuters Corp (TRI)

Thomson Reuters Corp (TRI) : Altrinsic Global Advisors reduced its stake in Thomson Reuters Corp by 1.72% during the most recent quarter end. The investment management company now holds a total of 3,010,568 shares of Thomson Reuters Corp which is valued at $123.8 Million after selling 52,804 shares in Thomson Reuters Corp , the firm said in a disclosure report filed with the SEC on May 13, 2016.Thomson Reuters Corp makes up approximately 3.42% of Altrinsic Global Advisors’s portfolio.

Other Hedge Funds, Including , Cantab Capital Partners Llp reduced its stake in TRI by selling 18,462 shares or 76.73% in the most recent quarter. The Hedge Fund company now holds 5,600 shares of TRI which is valued at $230,272. Thomson Reuters Corp makes up approx 0.06% of Cantab Capital Partners Llp’s portfolio. United Services Automobile Association sold out all of its stake in TRI during the most recent quarter. The investment firm sold 20,500 shares of TRI which is valued $842,960. Forsta Ap-fonden sold out all of its stake in TRI during the most recent quarter. The investment firm sold 457,297 shares of TRI which is valued $18.8 Million.Financial Engines Advisors L.l.c. reduced its stake in TRI by selling 1,012 shares or 7.47% in the most recent quarter. The Hedge Fund company now holds 12,535 shares of TRI which is valued at $515,439. Thomson Reuters Corp makes up approx 0.43% of Financial Engines Advisors L.l.c.’s portfolio. Andra Ap-fonden added TRI to its portfolio by purchasing 287,800 company shares during the most recent quarter which is valued at $11.7 Million. Thomson Reuters Corp makes up approx 0.31% of Andra Ap-fonden’s portfolio.

Thomson Reuters Corp opened for trading at $41.69 and hit $41.975 on the upside on Wednesday, eventually ending the session at $41.69, with a gain of 0.60% or 0.25 points. The heightened volatility saw the trading volume jump to 10,92,580 shares. Company has a market cap of $31,369 M.

On the company’s financial health, Thomson Reuters Corp reported $0.48 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.45. The company had revenue of $2793.00 million for the quarter, compared to analysts expectations of $2833.85 million. The company’s revenue was down -1.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.44 EPS.

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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