Teza Capital Management LLC Has $1.02 Million Position in TEGNA Inc. $TGNA

Teza Capital Management LLC lessened its holdings in shares of TEGNA Inc. (NYSE:TGNA) by 33.0% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 55,801 shares of the company’s stock after selling 27,519 shares during the period. Teza Capital Management LLC’s holdings in TEGNA were worth $1,017,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in TGNA. Tower Research Capital LLC TRC boosted its holdings in TEGNA by 80.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,683 shares of the company’s stock valued at $31,000 after acquiring an additional 749 shares during the last quarter. Jane Street Group LLC raised its position in shares of TEGNA by 494.8% during the fourth quarter. Jane Street Group LLC now owns 195,677 shares of the company’s stock worth $3,579,000 after purchasing an additional 245,245 shares during the period. Algert Global LLC raised its position in shares of TEGNA by 22.3% during the fourth quarter. Algert Global LLC now owns 84,520 shares of the company’s stock worth $1,546,000 after purchasing an additional 15,388 shares during the period. BNP Paribas Financial Markets raised its position in shares of TEGNA by 27.4% during the fourth quarter. BNP Paribas Financial Markets now owns 49,738 shares of the company’s stock worth $910,000 after purchasing an additional 10,700 shares during the period. Finally, Balyasny Asset Management L.P. raised its position in shares of TEGNA by 558.6% during the fourth quarter. Balyasny Asset Management L.P. now owns 222,477 shares of the company’s stock worth $4,069,000 after purchasing an additional 188,695 shares during the period. Institutional investors own 92.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TGNA. JPMorgan Chase & Co. decreased their target price on shares of TEGNA from $19.00 to $18.00 and set a “neutral” rating for the company in a research report on Wednesday, May 21st. Wells Fargo & Company reiterated an “overweight” rating and set a $22.00 target price (up from $21.00) on shares of TEGNA in a research note on Sunday, August 10th. Finally, Guggenheim reiterated a “neutral” rating and set a $19.00 target price on shares of TEGNA in a research note on Friday, August 22nd. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, TEGNA presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.75.

TEGNA Trading Down 0.8%

TGNA opened at $21.00 on Friday. The company’s 50 day moving average is $18.43 and its 200-day moving average is $17.50. The company has a market cap of $3.38 billion, a P/E ratio of 7.55 and a beta of 0.28. TEGNA Inc. has a 1-year low of $13.44 and a 1-year high of $21.35. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.82.

TEGNA (NYSE:TGNA) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.06. The company had revenue of $675.05 million during the quarter, compared to the consensus estimate of $673.92 million. TEGNA had a net margin of 14.99% and a return on equity of 16.20%. The company’s revenue for the quarter was down 5.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.50 earnings per share. TEGNA has set its Q3 2025 guidance at EPS. Equities research analysts predict that TEGNA Inc. will post 3.02 earnings per share for the current fiscal year.

TEGNA Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Friday, September 5th will be issued a dividend of $0.125 per share. The ex-dividend date is Friday, September 5th. This represents a $0.50 annualized dividend and a dividend yield of 2.4%. TEGNA’s dividend payout ratio is 17.99%.

TEGNA Profile

TEGNA Inc, a media company, provides broadcast advertising and marketing products and services for businesses. The company operates 47 television stations in 39 markets of the United States that produce local programming, such as news, sports, and entertainment. It offers local and national non-political advertising; political advertising; production of programming from third parties; production of advertising materials; and digital marketing services, as well as advertising services on the stations' Websites, tablets, and mobile products.