Jane Street Group LLC Has $10.45 Million Holdings in TEGNA Inc. $TGNA

Key Points

• Jane Street Group LLC significantly increased its stake in TEGNA Inc. by 193% during the first quarter, owning 573,255 shares valued at approximately $10.45 million after purchasing an additional 377,578 shares.
• TEGNA recently reported quarterly earnings of $0.44 EPS, surpassing estimates, while also declaring a quarterly dividend of $0.125 with a yield of 2.4%.
• Research analysts have mixed ratings for TEGNA, with price objectives ranging from $18.00 to $22.00 and a consensus rating of "Moderate Buy".

Jane Street Group LLC grew its holdings in TEGNA Inc. (NYSE:TGNA - Free Report) by 193.0% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 573,255 shares of the company's stock after acquiring an additional 377,578 shares during the quarter. Jane Street Group LLC owned about 0.36% of TEGNA worth $10,445,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. PNC Financial Services Group Inc. raised its holdings in TEGNA by 15.9% during the first quarter. PNC Financial Services Group Inc. now owns 5,058 shares of the company's stock worth $92,000 after purchasing an additional 694 shares in the last quarter. Tower Research Capital LLC TRC grew 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 valued at $31,000 after acquiring an additional 749 shares during the period. Blue Trust Inc. lifted its holdings in shares of TEGNA by 26.0% during 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 in the last quarter. GAMMA Investing LLC increased its stake in shares of TEGNA by 53.3% in the first quarter. GAMMA Investing LLC now owns 3,128 shares of the company's stock worth $57,000 after buying an additional 1,088 shares during the last quarter. Finally, Integrated Advisors Network LLC increased its holdings in TEGNA by 7.9% in the fourth quarter. Integrated Advisors Network LLC now owns 16,040 shares of the company's stock valued at $293,000 after buying an additional 1,171 shares during the last quarter. 92.19% of the stock is owned by hedge funds and other institutional investors.

TEGNA Stock Performance

TGNA traded down $0.09 during trading on Thursday, reaching $21.09. 595,599 shares of the company's stock were exchanged, compared to its average volume of 1,994,450. TEGNA Inc. has a fifty-two week low of $13.44 and a fifty-two week high of $21.35. The company has a market capitalization of $3.39 billion, a P/E ratio of 7.59 and a beta of 0.28. The business has a 50 day moving average price of $18.26 and a 200 day moving average price of $17.46. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.82.

TEGNA (NYSE:TGNA - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.38 by $0.06. The company had revenue of $675.05 million for 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 firm's revenue for the quarter was down 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.50 EPS. TEGNA has set its Q3 2025 guidance at EPS. As a group, analysts predict that TEGNA Inc. will post 3.02 earnings per share for the current fiscal year.

TEGNA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Friday, September 5th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.4%. The ex-dividend date is Friday, September 5th. TEGNA's dividend payout ratio (DPR) is presently 17.99%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on TGNA shares. 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. JPMorgan Chase & Co. reduced their target price on shares of TEGNA from $19.00 to $18.00 and set a "neutral" rating for the company in a report on Wednesday, May 21st. Finally, Guggenheim reissued a "neutral" rating and issued a $19.00 target price on shares of TEGNA in a research report on Friday, August 22nd. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price 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.