2 weeks Ago By ABMN Staff
Shares of Gray Television, Inc. ( NYSE:GTN – Get Free Report ) were up 6.7% on Friday .
The stock traded as high as $5.47 and last traded at $5.44.
Approximately 477,599 shares traded hands during mid-day trading, a decline of 63% from the average daily volume of 1,287,958 shares. The stock had previously closed at $5.10.
Analyst Upgrades and Downgrades A number of brokerages recently issued reports on GTN. Wells Fargo & Company decreased their target price on shares of Gray Television from $6.00 to $4.
00 and set an “underweight” rating for the company in a research report on Friday, August 9th. Benchmark decreased their price objective on shares of Gray Television from $13.00 to $11.
00 and set a “buy” rating for the company in a report on Friday, August 9th. Finally, Guggenheim lowered their price objective on shares of Gray Television from $12.00 to $10.
00 and set a “buy” rating on the stock in a research note on Wednesday, August 14th. Two analysts have rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Gray Television presently has an average rating of “Hold” and a consensus price target of $8.
33. View Our Latest Research Report on Gray Television Gray Television Trading Up 4.1 % Gray Television ( NYSE:GTN – Get Free Report ) last released its earnings results on Thursday, August 8th.
The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.
01). The business had revenue of $826.00 million during the quarter, compared to the consensus estimate of $840.
33 million. Gray Television had a return on equity of 3.02% and a net margin of 1.
84%. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year.
During the same quarter in the previous year, the firm earned ($0.10) earnings per share. Equities research analysts anticipate that Gray Television, Inc.
will post 4.97 EPS for the current fiscal year. Gray Television Announces Dividend The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th.
Investors of record on Friday, September 13th will be issued a $0.08 dividend. This represents a $0.
32 dividend on an annualized basis and a dividend yield of 6.03%. The ex-dividend date of this dividend is Friday, September 13th.
Gray Television’s payout ratio is -266.67%. Institutional Investors Weigh In On Gray Television Several hedge funds have recently modified their holdings of the stock.
Capital Management Corp VA raised its holdings in Gray Television by 18.6% during the 1st quarter. Capital Management Corp VA now owns 3,670,410 shares of the company’s stock worth $23,197,000 after buying an additional 575,527 shares during the period.
Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Gray Television by 232.4% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 813,000 shares of the company’s stock valued at $5,138,000 after acquiring an additional 568,400 shares in the last quarter.
Vanguard Group Inc. boosted its stake in Gray Television by 9.8% in the 1st quarter.
Vanguard Group Inc. now owns 5,662,398 shares of the company’s stock worth $35,786,000 after purchasing an additional 506,106 shares during the period. CenterBook Partners LP purchased a new position in Gray Television during the 4th quarter worth approximately $3,671,000.
Finally, Empowered Funds LLC acquired a new stake in Gray Television during the 1st quarter valued at $2,010,000. 78.64% of the stock is owned by hedge funds and other institutional investors.
About Gray Television ( Get 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 Receive News & Ratings for Gray Television Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gray Television and related companies with MarketBeat.
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