Invesco Ltd. grew its stake in shares of Gray Media Inc. (NYSE:GTN - Free Report) by 44.1% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 218,157 shares of the company's stock after buying an additional 66,744 shares during the period. Invesco Ltd. owned approximately 0.21% of Gray Media worth $942,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Wells Fargo & Company MN raised its position in shares of Gray Media by 13.6% during the fourth quarter. Wells Fargo & Company MN now owns 53,242 shares of the company's stock worth $168,000 after purchasing an additional 6,367 shares during the period. Barclays PLC increased its stake in Gray Media by 9.6% in the 4th quarter. Barclays PLC now owns 298,486 shares of the company's stock valued at $940,000 after buying an additional 26,214 shares during the last quarter. Mariner LLC increased its stake in Gray Media by 18.7% in the 4th quarter. Mariner LLC now owns 21,740 shares of the company's stock valued at $68,000 after buying an additional 3,419 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Gray Media by 23.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 116,998 shares of the company's stock valued at $369,000 after buying an additional 22,367 shares during the last quarter. Finally, Aquatic Capital Management LLC acquired a new stake in Gray Media in the 4th quarter valued at $90,000. 78.64% of the stock is owned by institutional investors.
Gray Media Trading Up 0.2%
NYSE GTN traded up $0.02 during mid-day trading on Friday, reaching $6.13. 774,596 shares of the stock were exchanged, compared to its average volume of 1,491,856. Gray Media Inc. has a one year low of $2.91 and a one year high of $6.30. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.87 and a quick ratio of 0.87. The stock has a market cap of $625.30 million, a P/E ratio of 4.06 and a beta of 1.21. The stock has a 50 day simple moving average of $5.28 and a 200-day simple moving average of $4.41.
Gray Media (NYSE:GTN - Get Free Report) last posted its quarterly earnings results on Friday, August 8th. The company reported ($0.42) earnings per share for the quarter, missing analysts' consensus estimates of ($0.23) by ($0.19). Gray Media had a return on equity of 10.31% and a net margin of 5.64%.The firm had revenue of $772.00 million for the quarter, compared to analyst estimates of $765.16 million. During the same period last year, the company posted $0.09 earnings per share. The firm's quarterly revenue was down 6.5% compared to the same quarter last year. Gray Media has set its Q3 2025 guidance at EPS. On average, analysts anticipate that Gray Media Inc. will post 3.32 EPS for the current year.
Gray Media Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend is Monday, September 15th. Gray Media's dividend payout ratio is 21.19%.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on GTN shares. Wells Fargo & Company lifted their price target on shares of Gray Media from $4.50 to $5.00 and gave the company an "equal weight" rating in a research note on Monday, August 11th. Guggenheim raised their price target on Gray Media from $6.00 to $7.00 and gave the company a "buy" rating in a research note on Thursday, August 14th. Benchmark restated a "buy" rating and issued a $9.00 price target (up from $7.00) on shares of Gray Media in a research note on Monday, August 11th. Barrington Research upgraded Gray Media from a "market perform" rating to an "outperform" rating and set a $6.50 price target for the company in a research note on Monday, August 11th. Finally, Wall Street Zen downgraded Gray Media from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $6.88.
Check Out Our Latest Stock Analysis on Gray Media
About Gray Media
(
Free Report)
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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