A number of other analysts have also recently weighed in on GTN. Barrington Research set a $22.00 price objective on shares of The Hackett Group and gave the stock a buy rating in a research note on Wednesday, May 8th. Benchmark restated a buy rating on shares of Gray Television in a research note on Thursday, May 9th. Zacks Investment Research cut shares of ExlService from a hold rating to a sell rating in a research note on Wednesday. Finally, TheStreet cut shares of TIM Participacoes from a b rating to a c+ rating in a research note on Tuesday, June 4th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of $24.80.
Shares of Gray Television stock opened at $18.53 on Thursday. The business has a fifty day moving average price of $16.95. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.51 and a quick ratio of 2.51. Gray Television has a 1-year low of $13.75 and a 1-year high of $25.31. The firm has a market capitalization of $1.87 billion, a PE ratio of 7.44, a price-to-earnings-growth ratio of 2.04 and a beta of 1.99.
Gray Television (NYSE:GTN) last issued its quarterly earnings data on Wednesday, May 8th. The company reported ($0.31) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.44) by $0.13. Gray Television had a net margin of 12.56% and a return on equity of 20.34%. The business had revenue of $518.00 million during the quarter, compared to analysts’ expectations of $498.41 million. During the same period in the previous year, the company earned $0.22 earnings per share. Gray Television’s revenue for the quarter was up 129.2% on a year-over-year basis. On average, equities research analysts anticipate that Gray Television will post 0.91 EPS for the current year.
Several institutional investors have recently modified their holdings of the company. Global Retirement Partners LLC raised its stake in Gray Television by 342.4% during the 4th quarter. Global Retirement Partners LLC now owns 1,783 shares of the company’s stock valued at $26,000 after purchasing an additional 1,380 shares during the last quarter. Penserra Capital Management LLC acquired a new position in Gray Television during the 1st quarter valued at $35,000. NumerixS Investment Technologies Inc acquired a new position in Gray Television during the 4th quarter valued at $110,000. Great West Life Assurance Co. Can raised its stake in Gray Television by 38.7% during the 4th quarter. Great West Life Assurance Co. Can now owns 10,961 shares of the company’s stock valued at $156,000 after purchasing an additional 3,061 shares during the last quarter. Finally, Welch Group LLC acquired a new position in Gray Television during the 1st quarter valued at $214,000. Institutional investors and hedge funds own 83.89% of the company’s stock.
Gray Television Company Profile
Gray Television, Inc, a television broadcast company, owns and operates television stations and digital assets in the United States. As of February 28, 2019, it owned and operated television stations in 91 television markets broadcasting approximately 400 program streams, including approximately 150 channels affiliated with the CBS Network, the NBC Network, the ABC Network, and the FOX Network.
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