6 days Ago By ABMN Staff
Alliancebernstein L.P. lessened its position in TEGNA Inc.
( NYSE:TGNA – Free Report ) by 2.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 193,926 shares of the company’s stock after selling 4,724 shares during the period.
Alliancebernstein L.P. owned 0.
12% of TEGNA worth $3,547,000 at the end of the most recent reporting period. Other hedge funds have also recently modified their holdings of the company. Jones Financial Companies Lllp purchased a new stake in TEGNA in the fourth quarter worth $27,000.
Smartleaf Asset Management LLC raised its holdings in TEGNA by 95.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,702 shares of the company’s stock worth $31,000 after purchasing an additional 832 shares in the last quarter.
GAMMA Investing LLC raised its holdings in TEGNA by 59.0% in the 4th quarter. GAMMA Investing LLC now owns 2,040 shares of the company’s stock worth $37,000 after purchasing an additional 757 shares in the last quarter.
Sound Income Strategies LLC purchased a new stake in shares of TEGNA in the 4th quarter worth about $57,000. Finally, PNC Financial Services Group Inc. boosted its stake in shares of TEGNA by 34.
2% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,364 shares of the company’s stock valued at $80,000 after purchasing an additional 1,111 shares in the last quarter.
Hedge funds and other institutional investors own 92.19% of the company’s stock. TEGNA Stock Performance Shares of NYSE:TGNA opened at $15.
87 on Tuesday. The company has a market capitalization of $2.55 billion, a price-to-earnings ratio of 5.
61 and a beta of 0.25. The company has a quick ratio of 2.
60, a current ratio of 2.60 and a debt-to-equity ratio of 1.07.
TEGNA Inc. has a 52 week low of $12.35 and a 52 week high of $19.
62. The firm has a 50 day moving average of $17.66 and a 200 day moving average of $17.
69. TEGNA Dividend Announcement Wall Street Analysts Forecast Growth TGNA has been the subject of several recent research reports. StockNews.
com lowered shares of TEGNA from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Guggenheim dropped their target price on TEGNA from $22.00 to $20.
00 and set a “buy” rating on the stock in a research report on Friday. Finally, Wells Fargo & Company raised shares of TEGNA from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $21.00 to $23.
00 in a research report on Thursday, December 19th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $21.
25. Check Out Our Latest Analysis on TEGNA TEGNA Profile ( Free Report ) 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. Recommended Stories Want to see what other hedge funds are holding TGNA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TEGNA Inc.
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