State of Alaska Department of Revenue reduced its position in TEGNA Inc. (NYSE:TGNA) by 1.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,239 shares of the company’s stock after selling 662 shares during the period. State of Alaska Department of Revenue’s holdings in TEGNA were worth $654,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. First Mercantile Trust Co. increased its holdings in TEGNA by 3.8% in the 3rd quarter. First Mercantile Trust Co. now owns 19,880 shares of the company’s stock worth $309,000 after acquiring an additional 735 shares in the last quarter. LS Investment Advisors LLC increased its holdings in TEGNA by 8.1% in the 3rd quarter. LS Investment Advisors LLC now owns 11,612 shares of the company’s stock worth $180,000 after acquiring an additional 867 shares in the last quarter. US Bancorp DE increased its holdings in TEGNA by 7.2% in the 2nd quarter. US Bancorp DE now owns 18,777 shares of the company’s stock worth $284,000 after acquiring an additional 1,265 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in TEGNA by 11.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,791 shares of the company’s stock worth $214,000 after acquiring an additional 1,368 shares in the last quarter. Finally, Atlantic Union Bankshares Corp increased its holdings in TEGNA by 11.5% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 20,917 shares of the company’s stock worth $325,000 after acquiring an additional 2,150 shares in the last quarter. Hedge funds and other institutional investors own 99.48% of the company’s stock.
TEGNA stock opened at $18.06 on Tuesday. TEGNA Inc. has a 52-week low of $11.25 and a 52-week high of $18.30. The firm has a market capitalization of $3.92 billion, a price-to-earnings ratio of 10.81, a PEG ratio of 0.83 and a beta of 1.44. The company has a fifty day simple moving average of $16.55 and a 200-day simple moving average of $15.51. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 2.81.
TEGNA (NYSE:TGNA) last released its earnings results on Thursday, November 7th. The company reported $0.27 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.27. The business had revenue of $551.86 million during the quarter, compared to analyst estimates of $540.52 million. TEGNA had a net margin of 16.15% and a return on equity of 24.84%. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.40 earnings per share. On average, research analysts anticipate that TEGNA Inc. will post 1.3 EPS for the current fiscal year.
A number of research firms have recently issued reports on TGNA. ValuEngine raised shares of TEGNA from a “strong sell” rating to a “sell” rating in a report on Friday, November 1st. Barrington Research reaffirmed a “buy” rating and set a $20.00 target price on shares of TEGNA in a report on Thursday, November 14th. JPMorgan Chase & Co. began coverage on shares of TEGNA in a report on Monday, October 28th. They set a “neutral” rating and a $18.00 target price for the company. Benchmark upped their target price on shares of TEGNA to and gave the stock a “buy” rating in a report on Friday, January 10th. Finally, Wells Fargo & Co began coverage on shares of TEGNA in a report on Tuesday, September 24th. They set a “market perform” rating and a $17.00 target price for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $18.56.
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.
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