Fuller & Thaler Asset Management Inc. Sells 21,347 Shares of TEGNA Inc. $TGNA

Key Points

• Fuller & Thaler Asset Management Inc. reduced its stake in TEGNA Inc. by 0.9%, selling 21,347 shares, and now owns about 2.44 million shares worth $44.5 million.
• Analysts have mixed views on TEGNA, with Wells Fargo issuing an "overweight" rating with a target price revised to $22.00, while JPMorgan lowered their target to $18.00, marking shifts in investor sentiment.
• TEGNA's recent earnings report showed EPS of $0.44, surpassing estimates, but revenue decreased by 5% year-over-year, indicating potential challenges ahead for the company.

Fuller & Thaler Asset Management Inc. lessened its stake in shares of TEGNA Inc. (NYSE:TGNA - Free Report) by 0.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 2,443,197 shares of the company's stock after selling 21,347 shares during the period. Fuller & Thaler Asset Management Inc. owned approximately 1.52% of TEGNA worth $44,515,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. LSV Asset Management raised its holdings in TEGNA by 0.4% during the 1st quarter. LSV Asset Management now owns 7,828,750 shares of the company's stock valued at $142,640,000 after buying an additional 32,121 shares during the period. Northern Trust Corp raised its holdings in TEGNA by 8.3% during the 4th quarter. Northern Trust Corp now owns 2,865,335 shares of the company's stock valued at $52,407,000 after buying an additional 219,706 shares during the period. Bridgeway Capital Management LLC raised its holdings in TEGNA by 7.4% during the 4th quarter. Bridgeway Capital Management LLC now owns 1,233,329 shares of the company's stock valued at $22,558,000 after buying an additional 85,113 shares during the period. Principal Financial Group Inc. raised its holdings in TEGNA by 2.5% during the 1st quarter. Principal Financial Group Inc. now owns 934,711 shares of the company's stock valued at $17,030,000 after buying an additional 23,094 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in TEGNA by 1.1% during the 1st quarter. Victory Capital Management Inc. now owns 918,416 shares of the company's stock valued at $16,734,000 after buying an additional 10,249 shares during the period. Hedge funds and other institutional investors own 92.19% of the company's stock.

TEGNA Trading Up 0.0%

TGNA stock traded up $0.0050 during midday trading on Friday, reaching $21.0650. The company's stock had a trading volume of 3,646,574 shares, compared to its average volume of 5,140,705. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.47 and a current ratio of 1.47. The stock has a fifty day simple moving average of $17.54 and a two-hundred day simple moving average of $17.29. TEGNA Inc. has a 1 year low of $13.44 and a 1 year high of $21.19. The firm has a market capitalization of $3.39 billion, a price-to-earnings ratio of 7.58 and a beta of 0.28.

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

Wall Street Analyst Weigh In

Several analysts recently weighed in on TGNA shares. JPMorgan Chase & Co. decreased their price target on TEGNA from $19.00 to $18.00 and set a "neutral" rating on the stock in a report on Wednesday, May 21st. Guggenheim reiterated a "neutral" rating and issued a $19.00 target price on shares of TEGNA in a research note on Friday. Benchmark reduced their target price on TEGNA from $21.00 to $20.00 and set a "buy" rating on the stock in a research note on Tuesday, May 6th. Finally, Wells Fargo & Company reiterated 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. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, TEGNA currently has a consensus rating of "Moderate Buy" and an average price target of $19.75.

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.