Price T Rowe Associates Inc. MD Has $578,000 Holdings in Gray Television, Inc. (NYSE:GTN)

Price T Rowe Associates Inc. MD increased its position in Gray Television, Inc. (NYSE:GTN) by 3.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 91,405 shares of the company’s stock after acquiring an additional 3,068 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.09% of Gray Television worth $578,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. CWM LLC raised its holdings in Gray Television by 61.5% in the 4th quarter. CWM LLC now owns 3,017 shares of the company’s stock worth $27,000 after acquiring an additional 1,149 shares during the period. M&T Bank Corp raised its holdings in Gray Television by 10.4% in the 4th quarter. M&T Bank Corp now owns 17,485 shares of the company’s stock worth $157,000 after acquiring an additional 1,644 shares during the period. Allspring Global Investments Holdings LLC bought a new position in Gray Television in the 1st quarter worth $25,000. Jennison Associates LLC raised its holdings in Gray Television by 5.1% in the 4th quarter. Jennison Associates LLC now owns 95,871 shares of the company’s stock worth $859,000 after acquiring an additional 4,639 shares during the period. Finally, Linden Thomas Advisory Services LLC raised its holdings in Gray Television by 26.8% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 24,213 shares of the company’s stock worth $217,000 after acquiring an additional 5,120 shares during the period. Institutional investors own 78.64% of the company’s stock.

Gray Television Stock Down 0.4 %

Shares of GTN opened at $4.23 on Wednesday. The company has a 50-day simple moving average of $5.31 and a 200-day simple moving average of $6.10. The firm has a market capitalization of $418.86 million, a P/E ratio of -35.21, a P/E/G ratio of 0.12 and a beta of 1.52. The company has a debt-to-equity ratio of 2.99, a quick ratio of 1.42 and a current ratio of 1.42. Gray Television, Inc. has a 52 week low of $4.15 and a 52 week high of $10.07.

Gray Television (NYSE:GTN) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). Gray Television had a net margin of 1.30% and a return on equity of 2.13%. The company had revenue of $826.00 million for the quarter, compared to analyst estimates of $840.33 million. During the same period in the prior year, the company posted ($0.10) EPS. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. On average, equities research analysts expect that Gray Television, Inc. will post 5.15 earnings per share for the current year.

Gray Television Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 7.57%. The ex-dividend date of this dividend is Friday, September 13th. Gray Television’s dividend payout ratio (DPR) is presently -266.67%.

Analyst Ratings Changes

GTN has been the topic of several recent analyst reports. Wells Fargo & Company dropped their target price on shares of Gray Television from $6.00 to $4.00 and set an “underweight” rating on the stock in a report on Friday, August 9th. Benchmark dropped their price objective on shares of Gray Television from $13.00 to $11.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Finally, Loop Capital raised shares of Gray Television to a “strong-buy” rating in a research report on Wednesday, May 8th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $7.50.

About Gray Television

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.