US Bancorp DE Has $54,000 Holdings in Gray Television, Inc. (NYSE:GTN)

US Bancorp DE decreased its position in Gray Television, Inc. (NYSE:GTN) by 66.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,112 shares of the company’s stock after selling 19,633 shares during the quarter. US Bancorp DE’s holdings in Gray Television were worth $54,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its holdings in shares of Gray Television by 3.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 91,405 shares of the company’s stock worth $578,000 after purchasing an additional 3,068 shares during the period. Diversified Trust Co lifted its position in shares of Gray Television by 13.7% during the 2nd quarter. Diversified Trust Co now owns 25,633 shares of the company’s stock worth $133,000 after buying an additional 3,097 shares during the period. Rhumbline Advisers boosted its stake in Gray Television by 2.6% in the 2nd quarter. Rhumbline Advisers now owns 139,642 shares of the company’s stock valued at $726,000 after buying an additional 3,544 shares in the last quarter. Dakota Wealth Management grew its position in Gray Television by 34.5% in the second quarter. Dakota Wealth Management now owns 14,753 shares of the company’s stock valued at $77,000 after acquiring an additional 3,781 shares during the period. Finally, Allspring Global Investments Holdings LLC acquired a new position in Gray Television during the first quarter worth $25,000. 78.64% of the stock is currently owned by institutional investors.

Gray Television Stock Performance

Shares of GTN opened at $4.69 on Monday. The stock has a market capitalization of $467.44 million, a price-to-earnings ratio of 3.13, a PEG ratio of 0.13 and a beta of 1.47. Gray Television, Inc. has a 12 month low of $3.95 and a 12 month high of $10.07. The firm has a fifty day simple moving average of $5.27 and a 200 day simple moving average of $5.41. The company has a current ratio of 1.13, a quick ratio of 1.63 and a debt-to-equity ratio of 2.76.

Gray Television (NYSE:GTN) last announced its quarterly earnings results on Friday, November 8th. The company reported $0.86 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.08). The firm had revenue of $950.00 million during the quarter, compared to analyst estimates of $967.49 million. Gray Television had a net margin of 5.69% and a return on equity of 9.60%. The business’s revenue was up 18.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.57) EPS. Research analysts forecast that Gray Television, Inc. will post 2.7 EPS for the current fiscal year.

Gray Television Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 6.82%. The ex-dividend date of this dividend is Friday, December 13th. Gray Television’s dividend payout ratio is presently 21.33%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Guggenheim reduced their price objective on Gray Television from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Tuesday, November 12th. Wells Fargo & Company lowered their price objective 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. StockNews.com raised Gray Television from a “sell” rating to a “hold” rating in a research note on Monday, November 11th. Barrington Research raised Gray Television to a “hold” rating in a research note on Thursday. Finally, Benchmark dropped their price target on Gray Television from $11.00 to $8.00 and set a “buy” rating on the stock in a research note on Monday, November 11th. 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, the company currently has an average rating of “Moderate Buy” and an average price target of $6.67.

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.