Atria Investments Inc boosted its holdings in shares of Gray Television, Inc. (NYSE:GTN – Free Report) by 367.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,901 shares of the company’s stock after acquiring an additional 50,223 shares during the period. Atria Investments Inc owned 0.06% of Gray Television worth $343,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the business. nVerses Capital LLC purchased a new stake in shares of Gray Television in the 2nd quarter valued at approximately $27,000. CWM LLC raised its holdings in shares of Gray Television by 733.1% in the 2nd quarter. CWM LLC now owns 7,448 shares of the company’s stock valued at $39,000 after purchasing an additional 6,554 shares in the last quarter. Creative Planning acquired a new stake in Gray Television during the 3rd quarter worth $56,000. HBK Sorce Advisory LLC acquired a new stake in Gray Television during the 2nd quarter worth $58,000. Finally, Choreo LLC acquired a new stake in Gray Television during the 2nd quarter worth $60,000. Hedge funds and other institutional investors own 78.64% of the company’s stock.
Gray Television Stock Performance
Shares of Gray Television stock opened at $4.36 on Friday. The stock has a market cap of $434.06 million, a PE ratio of 2.90, a price-to-earnings-growth ratio of 0.15 and a beta of 1.47. The business has a fifty day simple moving average of $5.25 and a 200-day simple moving average of $5.37. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 2.76. Gray Television, Inc. has a 12 month low of $3.95 and a 12 month high of $10.07.
Gray Television Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a $0.08 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.32 dividend on an annualized basis and a yield of 7.35%. Gray Television’s dividend payout ratio is currently 21.33%.
Analysts Set New Price Targets
GTN has been the topic of several research reports. Guggenheim lowered their price objective on shares of Gray Television from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. Barrington Research raised shares of Gray Television to a “hold” rating in a research report on Thursday, November 14th. Wells Fargo & Company cut 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 upgraded shares of Gray Television from a “sell” rating to a “hold” rating in a report on Monday, November 11th. Finally, Benchmark lowered their target price on shares of Gray Television from $11.00 to $8.00 and set a “buy” rating for the company in a report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $6.67.
Read Our Latest Research Report on GTN
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.
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