Hotchkis & Wiley Capital Management LLC trimmed its stake in shares of TEGNA Inc. (NYSE:TGNA - Free Report) by 6.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 573,280 shares of the company's stock after selling 42,460 shares during the period. Hotchkis & Wiley Capital Management LLC owned about 0.36% of TEGNA worth $10,445,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Neo Ivy Capital Management purchased a new position in TEGNA in the 4th quarter valued at approximately $28,000. Tower Research Capital LLC TRC boosted its position in TEGNA by 80.2% during the fourth 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 in the last quarter. GAMMA Investing LLC grew its holdings in TEGNA by 53.3% in the first quarter. GAMMA Investing LLC now owns 3,128 shares of the company's stock valued at $57,000 after purchasing an additional 1,088 shares during the last quarter. Blue Trust Inc. increased its position in shares of TEGNA by 26.0% in the first quarter. Blue Trust Inc. now owns 4,227 shares of the company's stock valued at $77,000 after buying an additional 873 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of TEGNA by 15.9% in the first quarter. PNC Financial Services Group Inc. now owns 5,058 shares of the company's stock valued at $92,000 after buying an additional 694 shares in the last quarter. Hedge funds and other institutional investors own 92.19% of the company's stock.
Analysts Set New Price Targets
Several equities research analysts recently commented on TGNA shares. Benchmark decreased their price objective on shares of TEGNA from $21.00 to $20.00 and set a "buy" rating on the stock in a research report on Tuesday, May 6th. Guggenheim restated a "neutral" rating and set a $19.00 target price on shares of TEGNA in a research report on Friday. Wells Fargo & Company reiterated an "overweight" rating and issued a $22.00 price target (up from $21.00) on shares of TEGNA in a research report on Sunday, August 10th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of TEGNA from $19.00 to $18.00 and set a "neutral" rating for the company in a research note on Wednesday, May 21st. Two investment 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, the stock currently has an average rating of "Moderate Buy" and an average target price of $19.75.
Get Our Latest Report on TEGNA
TEGNA Price Performance
NYSE:TGNA opened at $21.0650 on Monday. TEGNA Inc. has a 12-month low of $13.44 and a 12-month high of $21.19. The firm has a market cap of $3.39 billion, a price-to-earnings ratio of 7.58 and a beta of 0.28. The company's 50-day moving average is $17.54 and its two-hundred day moving average is $17.29. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.82.
TEGNA (NYSE:TGNA - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.44 EPS for the quarter, topping analysts' consensus estimates of $0.38 by $0.06. The business had revenue of $675.05 million during the quarter, compared to the consensus estimate of $673.92 million. TEGNA had a net margin of 14.99% and a return on equity of 16.20%. The company's quarterly revenue was down 5.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.50 earnings per share. TEGNA has set its Q3 2025 guidance at EPS. Research analysts expect that TEGNA Inc. will post 3.02 EPS for the current year.
TEGNA Company Profile
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Free Report)
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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