Nexus Investment Management Lowers stake in Thomson Reuters Corp (TRI)

Thomson Reuters Corp (TRI) : Nexus Investment Management reduced its stake in Thomson Reuters Corp by 0.15% during the most recent quarter end. The investment management company now holds a total of 435,750 shares of Thomson Reuters Corp which is valued at $17,334,135 after selling 675 shares in Thomson Reuters Corp , the firm said in a disclosure report filed with the SEC on Oct 12, 2016.Thomson Reuters Corp makes up approximately 3.20% of Nexus Investment Management’s portfolio.

Other Hedge Funds, Including , Oregon Public Employees Retirement Fund sold out all of its stake in TRI during the most recent quarter. The investment firm sold 28,063 shares of TRI which is valued $1,143,567.First National Bank Of Mount Dora Trust Investment Services boosted its stake in TRI in the latest quarter, The investment management firm added 4,900 additional shares and now holds a total of 91,997 shares of Thomson Reuters Corp which is valued at $3,790,276. Thomson Reuters Corp makes up approx 2.12% of First National Bank Of Mount Dora Trust Investment Services’s portfolio. Washington Trust Bank added TRI to its portfolio by purchasing 40 company shares during the most recent quarter which is valued at $1,648.

Thomson Reuters Corp closed down -0.97 points or -2.38% at $39.78 with 8,13,642 shares getting traded on Tuesday. Post opening the session at $40.62, the shares hit an intraday low of $39.7 and an intraday high of $40.69 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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 Initiated by Macquarie to “Neutral” on Aug 26, 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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