Empowered Funds LLC Has $1.36 Million Holdings in Gray Television, Inc. (NYSE:GTN)

Empowered Funds LLC raised its position in shares of Gray Television, Inc. (NYSE:GTN) by 5.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 432,686 shares of the company’s stock after acquiring an additional 21,237 shares during the period. Empowered Funds LLC owned approximately 0.43% of Gray Television worth $1,363,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Creative Planning bought a new stake in Gray Television in the 3rd quarter valued at $56,000. Wilmington Savings Fund Society FSB bought a new position in Gray Television during the 3rd quarter worth $59,000. MML Investors Services LLC acquired a new stake in shares of Gray Television during the third quarter worth $65,000. EP Wealth Advisors LLC bought a new stake in shares of Gray Television in the third quarter valued at about $67,000. Finally, nVerses Capital LLC grew its stake in shares of Gray Television by 180.4% in the third quarter. nVerses Capital LLC now owns 14,300 shares of the company’s stock valued at $77,000 after acquiring an additional 9,200 shares in the last quarter. Institutional investors and hedge funds own 78.64% of the company’s stock.

Gray Television Price Performance

Shares of NYSE:GTN opened at $3.96 on Monday. The firm has a 50 day moving average of $3.55 and a 200-day moving average of $4.49. Gray Television, Inc. has a 12 month low of $2.91 and a 12 month high of $8.66. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.76. The stock has a market capitalization of $394.19 million, a PE ratio of 2.64 and a beta of 1.41.

Analysts Set New Price Targets

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

Insider Activity at Gray Television

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

Gray Television 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.