2 weeks Ago By ABMN Staff
HBK Sorce Advisory LLC acquired a new position in shares of Gray Television, Inc. ( NYSE:GTN – Free Report ) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 11,068 shares of the company’s stock, valued at approximately $58,000.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC purchased a new stake in shares of Gray Television in the first quarter worth approximately $25,000. nVerses Capital LLC purchased a new position in Gray Television during the second quarter valued at approximately $27,000.
CWM LLC increased its stake in Gray Television by 733.1% in the 2nd quarter. CWM LLC now owns 7,448 shares of the company’s stock valued at $39,000 after buying an additional 6,554 shares during the period.
Choreo LLC purchased a new stake in Gray Television in the 2nd quarter worth approximately $60,000. Finally, Heritage Family Offices LLP acquired a new stake in shares of Gray Television during the 2nd quarter valued at $71,000. Hedge funds and other institutional investors own 78.
64% of the company’s stock. Gray Television Trading Up 8.5 % Shares of NYSE:GTN opened at $4.
98 on Monday. The company has a current ratio of 1.63, a quick ratio of 1.
63 and a debt-to-equity ratio of 2.98. The stock has a market capitalization of $496.
36 million, a PE ratio of -41.50, a P/E/G ratio of 0.09 and a beta of 1.
49. Gray Television, Inc. has a 1 year low of $4.
15 and a 1 year high of $10.07. The firm has a fifty day moving average price of $5.
17 and a 200 day moving average price of $5.58. Gray Television Dividend Announcement The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th.
Shareholders of record on Friday, September 13th will be issued a dividend of $0.08 per share. The ex-dividend date is Friday, September 13th.
This represents a $0.32 annualized dividend and a yield of 6.43%.
Gray Television’s dividend payout ratio (DPR) is presently -266.67%. Analysts Set New Price Targets A number of equities analysts have recently weighed in on GTN shares.
Wells Fargo & Company dropped their price target on shares of Gray Television from $6.00 to $4.00 and set an “underweight” rating on the stock in a research note on Friday, August 9th.
Guggenheim lowered their target price on Gray Television from $12.00 to $10.00 and set a “buy” rating on the stock in a research note on Wednesday, August 14th.
Finally, Benchmark cut their price target on Gray Television from $13.00 to $11.00 and set a “buy” rating for the company in a research note on Friday, August 9th.
Two analysts have rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Gray Television presently has an average rating of “Hold” and a consensus price target of $8.
33. View Our Latest Analysis on Gray Television About Gray Television ( Free Report ) 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.
See Also Want to see what other hedge funds are holding GTN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gray Television, Inc. ( NYSE:GTN – Free Report ).
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