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

Thomson Reuters Corp (TRI) : Tetrem Capital Management Ltd. reduced its stake in Thomson Reuters Corp by 16.91% during the most recent quarter end. The investment management company now holds a total of 1,434,095 shares of Thomson Reuters Corp which is valued at $59 Million after selling 291,909 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 2.34% of Tetrem Capital Management Ltd.’s portfolio.

Other Hedge Funds, Including , Renaissance Technologies reduced its stake in TRI by selling 84,200 shares or 50.03% in the most recent quarter. The Hedge Fund company now holds 84,100 shares of TRI which is valued at $3.5 Million. Thomson Reuters Corp makes up approx 0.01% of Renaissance Technologies’s portfolio.Rafferty Asset Management boosted its stake in TRI in the latest quarter, The investment management firm added 14,324 additional shares and now holds a total of 43,495 shares of Thomson Reuters Corp which is valued at $1.8 Million. Thomson Reuters Corp makes up approx 0.09% of Rafferty Asset Management’s portfolio.Convergence Investment Partners boosted its stake in TRI in the latest quarter, The investment management firm added 54 additional shares and now holds a total of 30,584 shares of Thomson Reuters Corp which is valued at $1.3 Million. Thomson Reuters Corp makes up approx 0.15% of Convergence Investment Partners’s portfolio.Manufacturers Life Insurance Company The reduced its stake in TRI by selling 384,082 shares or 30.43% in the most recent quarter. The Hedge Fund company now holds 878,060 shares of TRI which is valued at $36.1 Million. Thomson Reuters Corp makes up approx 0.06% of Manufacturers Life Insurance Company The’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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