Choreo LLC Has $81,000 Stake in Gray Television, Inc. (NYSE:GTN)

Choreo LLC grew its stake in shares of Gray Television, Inc. (NYSE:GTN) by 60.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 26,827 shares of the company’s stock after buying an additional 10,058 shares during the period. Choreo LLC’s holdings in Gray Television were worth $81,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in GTN. Linden Thomas Advisory Services LLC boosted its position in shares of Gray Television by 15.8% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 108,796 shares of the company’s stock valued at $343,000 after acquiring an additional 14,871 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Gray Television by 5.5% in the 3rd quarter. Franklin Resources Inc. now owns 696,853 shares of the company’s stock worth $3,951,000 after purchasing an additional 36,312 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Gray Television during the 3rd quarter worth about $59,000. Sanctuary Advisors LLC grew its position in Gray Television by 15.0% during the 3rd quarter. Sanctuary Advisors LLC now owns 180,677 shares of the company’s stock worth $968,000 after acquiring an additional 23,551 shares during the last quarter. Finally, Barclays PLC grew its holdings in Gray Television by 114.4% during the 3rd quarter. Barclays PLC now owns 272,272 shares of the company’s stock worth $1,460,000 after acquiring an additional 145,263 shares during the last quarter. Institutional investors own 78.64% of the company’s stock.

Insider Buying and Selling

In related news, EVP Kevin Paul Latek sold 150,216 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $4.37, for a total transaction of $656,443.92. Following the sale, the executive vice president now directly owns 509,212 shares in the company, valued at approximately $2,225,256.44. This represents a 22.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 4.80% of the stock is currently owned by corporate insiders.

Gray Television Stock Performance

GTN opened at $3.96 on Monday. Gray Television, Inc. has a 1-year low of $2.91 and a 1-year high of $8.66. The company has a market cap of $394.19 million, a price-to-earnings ratio of 2.64 and a beta of 1.41. The company’s fifty day moving average price is $3.55 and its two-hundred day moving average price is $4.49. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.76.

Wall Street Analyst Weigh In

GTN has been the subject of a number of analyst reports. Guggenheim decreased their price objective on Gray Television from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th. StockNews.com upgraded shares of Gray Television from a “sell” rating to a “hold” rating in a research report on Monday, November 11th. Benchmark reduced their price target on Gray Television from $11.00 to $8.00 and set a “buy” rating on the stock in a research report on Monday, November 11th. Finally, Barrington Research upgraded shares of Gray Television to a “hold” rating in a research report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $6.67.

Gray Television Company Profile

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.