Gamco Investors INC. ET AL Has $42.60 Million Stake in TEGNA Inc. $TGNA

Key Points

• Gamco Investors INC. ET AL has reduced its stake in TEGNA Inc. by 2.1%, now holding about 1.45% of the company, valued at $42.60 million after selling 50,732 shares in the first quarter.
• TEGNA's stock reported a one-year performance range of $13.44 to $21.35, with a current market cap of $3.43 billion and a PE ratio of 7.66.
• TEGNA's last earnings report showed $0.44 earnings per share, exceeding analyst expectations, although revenue showed a 5% year-over-year decrease.

Gamco Investors INC. ET AL lowered its stake in shares of TEGNA Inc. (NYSE:TGNA - Free Report) by 2.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,338,189 shares of the company's stock after selling 50,732 shares during the quarter. Gamco Investors INC. ET AL owned about 1.45% of TEGNA worth $42,602,000 at the end of the most recent reporting period.

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

TEGNA Stock Performance

TGNA stock opened at $21.30 on Tuesday. The stock has a 50-day moving average price of $17.63 and a 200-day moving average price of $17.31. TEGNA Inc. has a 1-year low of $13.44 and a 1-year high of $21.35. 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 firm has a market cap of $3.43 billion, a PE ratio of 7.66 and a beta of 0.28.

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

Analyst Ratings Changes

Several research analysts have commented on the company. Wells Fargo & Company reaffirmed an "overweight" rating and set a $22.00 target price (up from $21.00) on shares of TEGNA in a report on Sunday, August 10th. Benchmark cut their target price on TEGNA from $21.00 to $20.00 and set a "buy" rating on the stock in a report on Tuesday, May 6th. Guggenheim reaffirmed a "neutral" rating and set a $19.00 target price on shares of TEGNA in a report on Friday. Finally, JPMorgan Chase & Co. cut their target price on TEGNA from $19.00 to $18.00 and set a "neutral" rating on the stock in a report on Wednesday, May 21st. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, TEGNA currently has an average rating of "Moderate Buy" and an average price target of $19.75.

About TEGNA

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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