135,265 Shares in TEGNA Inc. $TGNA Purchased by Caxton Associates LLP

Key Points

• Caxton Associates LLP has acquired a new position in TEGNA Inc., purchasing 135,265 shares for approximately $2,465,000, representing around 0.08% ownership of the company.
• TEGNA has reported a quarterly earnings per share (EPS) of $0.44, exceeding consensus estimates of $0.38, with a revenue of $675.05 million, a slight decline from the previous year.
• The company declared a quarterly dividend of $0.125 per share, indicating a 2.4% dividend yield, with the ex-dividend date set for September 5th.

Caxton Associates LLP acquired a new position in TEGNA Inc. (NYSE:TGNA - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 135,265 shares of the company's stock, valued at approximately $2,465,000. Caxton Associates LLP owned about 0.08% of TEGNA as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its holdings in TEGNA by 15.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,058 shares of the company's stock worth $92,000 after acquiring an additional 694 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in TEGNA by 80.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,683 shares of the company's stock worth $31,000 after purchasing an additional 749 shares during the period. Blue Trust Inc. boosted its stake in TEGNA by 26.0% in the 1st quarter. Blue Trust Inc. now owns 4,227 shares of the company's stock worth $77,000 after purchasing an additional 873 shares during the period. GAMMA Investing LLC boosted its stake in TEGNA by 53.3% in the 1st quarter. GAMMA Investing LLC now owns 3,128 shares of the company's stock worth $57,000 after purchasing an additional 1,088 shares during the period. Finally, Integrated Advisors Network LLC boosted its stake in TEGNA by 7.9% in the 4th quarter. Integrated Advisors Network LLC now owns 16,040 shares of the company's stock worth $293,000 after purchasing an additional 1,171 shares during the period. Hedge funds and other institutional investors own 92.19% of the company's stock.

Analyst Ratings Changes

TGNA has been the subject of several analyst reports. Wells Fargo & Company restated an "overweight" rating and issued a $22.00 target price (up previously from $21.00) on shares of TEGNA in a research note on Sunday, August 10th. Guggenheim restated a "neutral" rating and issued a $19.00 target price on shares of TEGNA in a research note on Friday, August 22nd. Finally, JPMorgan Chase & Co. cut their target price on TEGNA from $19.00 to $18.00 and set a "neutral" rating for the company in a research note on Wednesday, May 21st. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $19.75.

TEGNA Stock Performance

Shares of TGNA opened at $21.01 on Tuesday. The company has a market cap of $3.38 billion, a PE ratio of 7.56 and a beta of 0.28. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.82. The stock has a 50-day moving average price of $18.51 and a 200-day moving average price of $17.52. TEGNA Inc. has a 12-month low of $13.55 and a 12-month high of $21.35.

TEGNA (NYSE:TGNA - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.38 by $0.06. The firm had revenue of $675.05 million during the quarter, compared to the consensus estimate of $673.92 million. TEGNA had a return on equity of 16.20% and a net margin of 14.99%.The company's revenue for the quarter was down 5.0% on a year-over-year basis. During the same quarter last year, the company posted $0.50 EPS. TEGNA has set its Q3 2025 guidance at EPS. As a group, equities analysts forecast that TEGNA Inc. will post 3.02 earnings per share for the current fiscal year.

TEGNA Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Friday, September 5th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Friday, September 5th. TEGNA's dividend payout ratio (DPR) is 17.99%.

TEGNA Profile

TEGNA Inc, a media company, provides broadcast advertising and marketing products and services for businesses. The company operates 47 television stations in 39 markets of the United States that produce local programming, such as news, sports, and entertainment. It offers local and national non-political advertising; political advertising; production of programming from third parties; production of advertising materials; and digital marketing services, as well as advertising services on the stations' Websites, tablets, and mobile products.

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