Gray Media (NYSE:GTN) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen downgraded shares of Gray Media (NYSE:GTN) from a buy rating to a hold rating in a research note released on Saturday,Wall Street Zen reports.

Several other analysts have also recently weighed in on the stock. Weiss Ratings cut shares of Gray Media from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, October 9th. Zacks Research downgraded shares of Gray Media from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 28th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $7.88.

Gray Media Trading Up 0.3%

GTN opened at $4.89 on Friday. Gray Media has a one year low of $3.55 and a one year high of $6.43. The company has a debt-to-equity ratio of 2.73, a current ratio of 0.95 and a quick ratio of 0.95. The business has a 50 day simple moving average of $4.65 and a two-hundred day simple moving average of $4.59. The firm has a market capitalization of $504.11 million, a price-to-earnings ratio of 16.88, a PEG ratio of 0.10 and a beta of 1.01.

Gray Media (NYSE:GTN) last issued its quarterly earnings data on Friday, November 6th. The company reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.20). The business had revenue of $972.00 million during the quarter, compared to the consensus estimate of $955.75 million. Gray Media had a negative return on equity of 1.12% and a negative net margin of 0.83%. Gray Media’s quarterly revenue was up 29.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.24) earnings per share. Analysts predict that Gray Media will post 2.35 EPS for the current year.

Gray Media Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 15th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 6.5%. The ex-dividend date of this dividend is Tuesday, December 15th. Gray Media’s dividend payout ratio is presently 110.34%.

Institutional Trading of Gray Media

Several institutional investors and hedge funds have recently bought and sold shares of GTN. Legal & General Group Plc purchased a new position in shares of Gray Media during the 2nd quarter worth approximately $32,000. Parallel Advisors LLC raised its position in shares of Gray Media by 57.1% in the 1st quarter. Parallel Advisors LLC now owns 7,901 shares of the company’s stock worth $34,000 after acquiring an additional 2,873 shares in the last quarter. Abel Hall LLC purchased a new position in shares of Gray Media in the 1st quarter valued at approximately $49,000. PDT Partners LLC purchased a new position in shares of Gray Media in the 2nd quarter valued at approximately $49,000. Finally, Ritholtz Wealth Management lifted its stake in shares of Gray Media by 21.9% in the 3rd quarter. Ritholtz Wealth Management now owns 12,273 shares of the company’s stock valued at $55,000 after purchasing an additional 2,201 shares during the period. 78.64% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Gray Media

Here are the key news stories impacting Gray Media this week:

• Positive Sentiment: Full-year 2026 revenue guidance is $3.7 billion, above the $3.6 billion consensus estimate. Fourth-quarter revenue guidance of $1.1 billion is in line with expectations. Gray Media Announces Third Quarter Financial Results
• Positive Sentiment: Third-quarter revenue was $972 million, topping analysts’ $955.75 million estimate and rising 29.8% year over year. Gray Media third-quarter earnings report
• Positive Sentiment: Gray Media authorized a quarterly cash dividend of $0.08 per share, payable December 31 to shareholders of record on December 15. Gray announces quarterly cash dividend
• Negative Sentiment: Third-quarter EPS was $0.66, below analysts’ estimates of roughly $0.84–$0.86. The earnings shortfall may weigh on sentiment despite the revenue beat; the company also reported a negative net margin. Gray Media misses Q3 earnings estimates

About Gray Media

Gray Media, formerly known as Gray Television, is a multimedia company that owns and operates local television stations and related digital media properties in markets across the United States. Its stations provide local news, weather, sports, public affairs and entertainment programming, while also distributing content through websites, mobile platforms and other digital channels.

The company’s broadcast portfolio includes affiliates of major networks such as ABC, CBS, NBC, FOX and The CW, as well as independent and specialty stations.