Gray Media (NYSE:GTN) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Gray Media Inc. (NYSE:GTN)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.71 and traded as high as $4.93. Gray Media shares last traded at $4.84, with a volume of 772,907 shares traded.

Analyst Upgrades and Downgrades

Several analysts have recently commented on GTN shares. Barrington Research reissued an “outperform” rating and issued a $6.50 price target on shares of Gray Media in a report on Tuesday, September 23rd. Benchmark reissued a “buy” rating and issued a $9.00 price target (up from $7.00) on shares of Gray Media in a report on Monday, August 11th. Wells Fargo & Company raised their price objective on Gray Media from $4.50 to $5.00 and gave the company an “equal weight” rating in a research note on Monday, August 11th. Wall Street Zen downgraded Gray Media from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Finally, Guggenheim raised their price objective on Gray Media from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Thursday, August 14th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Gray Media currently has an average rating of “Moderate Buy” and a consensus target price of $6.88.

Gray Media Stock Down 1.1%

The company has a debt-to-equity ratio of 2.56, a current ratio of 0.87 and a quick ratio of 0.87. The firm has a 50-day simple moving average of $5.61 and a two-hundred day simple moving average of $4.71. The company has a market cap of $493.61 million, a PE ratio of 3.20 and a beta of 1.17.

Gray Media (NYSE:GTN) last released its quarterly earnings results on Friday, August 8th. The company reported ($0.42) earnings per share for the quarter, missing the consensus estimate of ($0.23) by ($0.19). The company had revenue of $772.00 million for the quarter, compared to analysts’ expectations of $765.16 million. Gray Media had a return on equity of 10.31% and a net margin of 5.64%.The business’s quarterly revenue was down 6.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.09 EPS. Gray Media has set its Q3 2025 guidance at EPS. Research analysts anticipate that Gray Media Inc. will post 3.32 earnings per share for the current fiscal year.

Gray Media Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $0.32 annualized dividend and a yield of 6.6%. Gray Media’s dividend payout ratio (DPR) is presently 21.19%.

Insider Activity at Gray Media

In other news, Director Richard Lee Boger sold 20,000 shares of Gray Media stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $5.82, for a total value of $116,400.00. Following the completion of the sale, the director owned 61,343 shares of the company’s stock, valued at $357,016.26. The trade was a 24.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 15.22% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Gray Media

Hedge funds and other institutional investors have recently made changes to their positions in the business. HighTower Advisors LLC grew its position in shares of Gray Media by 292.4% in the first quarter. HighTower Advisors LLC now owns 205,016 shares of the company’s stock valued at $886,000 after purchasing an additional 152,766 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of Gray Media by 17.7% during the first quarter. Russell Investments Group Ltd. now owns 496,295 shares of the company’s stock worth $2,144,000 after purchasing an additional 74,696 shares in the last quarter. Nuveen LLC acquired a new position in shares of Gray Media during the first quarter worth about $2,876,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Gray Media by 60.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,956,635 shares of the company’s stock worth $8,453,000 after purchasing an additional 734,085 shares in the last quarter. Finally, KLP Kapitalforvaltning AS lifted its stake in shares of Gray Media by 481.0% during the first quarter. KLP Kapitalforvaltning AS now owns 79,600 shares of the company’s stock worth $344,000 after purchasing an additional 65,900 shares in the last quarter. Hedge funds and other institutional investors own 78.64% of the company’s stock.

Gray Media Company Profile

Gray Television, Inc, a television broadcasting company, owns and/or operates television stations and digital assets in the United States. It also broadcasts secondary digital channels affiliated to ABC, CBS, NBC, and FOX, as well as various other networks and program services, including CW Plus Network, MY Network, the MeTV Network, Circle, Telemundo, THE365, and Outlaw; and local news/weather channels in various markets.