Caitong International Asset Management Co. Ltd Boosts Stock Holdings in TEGNA Inc. $TGNA

Caitong International Asset Management Co. Ltd lifted its stake in shares of TEGNA Inc. (NYSE:TGNA) by 1,018.3% during the second quarter, Holdings Channel reports. The fund owned 2,997 shares of the company’s stock after acquiring an additional 2,729 shares during the period. Caitong International Asset Management Co. Ltd’s holdings in TEGNA were worth $50,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of TGNA. GAMMA Investing LLC increased its position in shares of TEGNA by 53.3% during the first quarter. GAMMA Investing LLC now owns 3,128 shares of the company’s stock worth $57,000 after acquiring an additional 1,088 shares during the period. Highland Capital Management LLC purchased a new position in TEGNA in the first quarter valued at $309,000. Allspring Global Investments Holdings LLC increased its holdings in TEGNA by 53.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 18,376 shares of the company’s stock valued at $341,000 after buying an additional 6,433 shares during the last quarter. Kendall Capital Management increased its holdings in TEGNA by 1.9% in the first quarter. Kendall Capital Management now owns 67,542 shares of the company’s stock valued at $1,231,000 after buying an additional 1,230 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in TEGNA by 2.5% in the first quarter. Principal Financial Group Inc. now owns 934,711 shares of the company’s stock valued at $17,030,000 after buying an additional 23,094 shares during the last quarter. Hedge funds and other institutional investors own 92.19% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on TGNA shares. Zacks Research lowered TEGNA from a “hold” rating to a “strong sell” rating in a report on Friday, October 10th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of TEGNA in a report on Friday. Wells Fargo & Company lowered TEGNA from a “strong-buy” rating to a “hold” rating in a report on Thursday. Finally, Guggenheim reaffirmed a “neutral” rating and set a $19.00 price objective on shares of TEGNA in a report on Friday, August 22nd. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $19.75.

TEGNA Price Performance

Shares of TGNA opened at $20.03 on Friday. TEGNA Inc. has a fifty-two week low of $14.87 and a fifty-two week high of $21.35. The company has a market capitalization of $3.23 billion, a price-to-earnings ratio of 7.21 and a beta of 0.25. The firm has a 50-day simple moving average of $20.63 and a 200-day simple moving average of $18.16. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.47 and a current ratio of 1.47.

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

TEGNA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Friday, September 5th were paid a dividend of $0.125 per share. The ex-dividend date was Friday, September 5th. This represents a $0.50 annualized dividend and a dividend yield of 2.5%. 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.