Hsbc Holdings PLC Has $419,000 Stock Holdings in Gray Media Inc. $GTN

Hsbc Holdings PLC grew its position in shares of Gray Media Inc. (NYSE:GTN - Free Report) by 84.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 97,322 shares of the company's stock after buying an additional 44,503 shares during the quarter. Hsbc Holdings PLC owned approximately 0.10% of Gray Media worth $419,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Versor Investments LP bought a new stake in shares of Gray Media during the first quarter valued at approximately $1,037,000. American Century Companies Inc. grew its stake in shares of Gray Media by 10.6% during the first quarter. American Century Companies Inc. now owns 137,338 shares of the company's stock valued at $593,000 after purchasing an additional 13,123 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Gray Media by 17.7% during the first quarter. Russell Investments Group Ltd. now owns 496,295 shares of the company's stock valued at $2,144,000 after purchasing an additional 74,696 shares during the last quarter. HighTower Advisors LLC grew its stake in shares of Gray Media by 292.4% during the first quarter. HighTower Advisors LLC now owns 205,016 shares of the company's stock valued at $886,000 after purchasing an additional 152,766 shares during the last quarter. Finally, Nuveen LLC acquired a new position in Gray Media in the first quarter valued at approximately $2,876,000. 78.64% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on GTN shares. Wells Fargo & Company increased their price objective on shares of Gray Media from $4.50 to $5.00 and gave the company an "equal weight" rating in a report on Monday, August 11th. Benchmark restated a "buy" rating and issued a $9.00 price objective (up from $7.00) on shares of Gray Media in a report on Monday, August 11th. Guggenheim increased their target price on shares of Gray Media from $6.00 to $7.00 and gave the stock a "buy" rating in a report on Thursday, August 14th. Wall Street Zen lowered shares of Gray Media from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Finally, Barrington Research upgraded shares of Gray Media from a "market perform" rating to an "outperform" rating and set a $6.50 price objective on the stock in a report on Monday, August 11th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Gray Media currently has an average rating of "Moderate Buy" and a consensus price target of $6.88.

Gray Media Price Performance

Shares of Gray Media stock traded up $0.02 during midday trading on Friday, hitting $6.13. 774,596 shares of the company traded hands, compared to its average volume of 1,623,419. The stock has a market cap of $625.30 million, a price-to-earnings ratio of 4.06 and a beta of 1.21. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.87 and a current ratio of 0.87. The firm's fifty day moving average price is $5.31 and its 200-day moving average price is $4.43. Gray Media Inc. has a 12 month low of $2.91 and a 12 month high of $6.30.

Gray Media (NYSE:GTN - Get Free Report) last posted its 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 business had revenue of $772.00 million for the quarter, compared to the consensus estimate of $765.16 million. During the same period in the previous year, the firm earned $0.09 earnings per share. The company's revenue was down 6.5% compared to the same quarter last year. Gray Media has set its Q3 2025 guidance at EPS. As a group, sell-side analysts forecast that Gray Media Inc. will post 3.32 earnings per share for the current year.

Gray Media Dividend Announcement

The business also recently announced 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. The ex-dividend date of this dividend is Monday, September 15th. This represents a $0.32 annualized dividend and a yield of 5.2%. Gray Media's dividend payout ratio is currently 21.19%.

Gray Media 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.