Hussman Strategic Advisors Inc. Has $1.06 Million Position in TEGNA Inc. $TGNA

Hussman Strategic Advisors Inc. lessened its stake in TEGNA Inc. (NYSE:TGNA) by 25.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 63,000 shares of the company’s stock after selling 21,000 shares during the quarter. Hussman Strategic Advisors Inc.’s holdings in TEGNA were worth $1,056,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TGNA. Millennium Management LLC grew its holdings in shares of TEGNA by 51.5% during the 1st quarter. Millennium Management LLC now owns 2,548,981 shares of the company’s stock valued at $46,442,000 after acquiring an additional 866,970 shares in the last quarter. Nuveen LLC purchased a new position in TEGNA in the first quarter valued at about $15,492,000. Deutsche Bank AG grew its stake in TEGNA by 383.6% in the first quarter. Deutsche Bank AG now owns 756,941 shares of the company’s stock valued at $13,791,000 after purchasing an additional 600,407 shares in the last quarter. Jane Street Group LLC increased its position in TEGNA by 193.0% in the 1st quarter. Jane Street Group LLC now owns 573,255 shares of the company’s stock worth $10,445,000 after purchasing an additional 377,578 shares during the last quarter. Finally, New Vernon Capital Holdings II LLC purchased a new stake in shares of TEGNA during the 1st quarter worth about $6,029,000. Hedge funds and other institutional investors own 92.19% of the company’s stock.

TEGNA Stock Up 0.4%

Shares of TEGNA stock opened at $19.80 on Wednesday. TEGNA Inc. has a 12-month low of $14.87 and a 12-month high of $21.35. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.82. The stock has a 50 day moving average price of $20.46 and a two-hundred day moving average price of $18.37. The stock has a market capitalization of $3.19 billion, a P/E ratio of 7.12 and a beta of 0.25.

TEGNA (NYSE:TGNA) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $673.92 million. During the same period in the previous year, the company earned $0.50 earnings per share. TEGNA’s revenue for the quarter was down 5.0% on a year-over-year basis. TEGNA has set its Q3 2025 guidance at EPS. Equities analysts expect that TEGNA Inc. will post 3.02 earnings per share for the current year.

TEGNA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Friday, September 5th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Friday, September 5th. TEGNA’s dividend payout ratio (DPR) is currently 17.99%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on TGNA shares. Guggenheim reissued a “neutral” rating and issued a $19.00 price target on shares of TEGNA in a research note on Friday, August 22nd. Zacks Research downgraded shares of TEGNA from a “hold” rating to a “strong sell” rating in a research report on Friday, October 10th. Weiss Ratings restated a “buy (b-)” rating on shares of TEGNA in a research note on Wednesday, October 8th. Finally, Wells Fargo & Company lowered shares of TEGNA from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 23rd. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $19.75.

About TEGNA

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.