WINTON GROUP Ltd Has $6.88 Million Stock Position in TEGNA Inc. $TGNA

Key Points

• WINTON GROUP Ltd boosted its stake in TEGNA by 238.1% in Q3, acquiring an additional 238,338 shares to hold 338,423 shares worth $6.88 million (about 0.21% of the company).
• TEGNA beat quarterly EPS expectations with $0.50 vs $0.45 forecast, though revenue fell 18.9% year‑over‑year, and the company declared a quarterly dividend of $0.125 per share (annualized $0.50, yield 2.4%, ex‑dividend Mar 10).
• Institutional investors own roughly 92.2% of the stock; analysts have a consensus "Hold" rating with an average target of $19.75 while the shares trade near $20.66 (12‑month range $14.87–$21.35).

WINTON GROUP Ltd increased its stake in shares of TEGNA Inc. (NYSE:TGNA - Free Report) by 238.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 338,423 shares of the company's stock after acquiring an additional 238,338 shares during the period. WINTON GROUP Ltd owned about 0.21% of TEGNA worth $6,880,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC increased its position in shares of TEGNA by 13.0% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 4,480 shares of the company's stock worth $91,000 after purchasing an additional 517 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of TEGNA by 12.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 5,810 shares of the company's stock valued at $118,000 after buying an additional 653 shares during the last quarter. Arizona State Retirement System boosted its holdings in shares of TEGNA by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 47,560 shares of the company's stock valued at $967,000 after buying an additional 657 shares during the last quarter. Parkside Financial Bank & Trust grew its stake in shares of TEGNA by 12.6% in the second quarter. Parkside Financial Bank & Trust now owns 6,295 shares of the company's stock valued at $106,000 after buying an additional 706 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey grew its stake in shares of TEGNA by 2.3% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 36,978 shares of the company's stock valued at $620,000 after buying an additional 838 shares in the last quarter. 92.19% of the stock is currently owned by institutional investors.

TEGNA Price Performance

NYSE:TGNA opened at $20.66 on Monday. TEGNA Inc. has a 12-month low of $14.87 and a 12-month high of $21.35. The firm has a market capitalization of $3.35 billion, a price-to-earnings ratio of 15.30 and a beta of 0.12. The stock's 50 day moving average price is $19.79 and its two-hundred day moving average price is $20.02. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.80.

TEGNA (NYSE:TGNA - Get Free Report) last issued its earnings results on Monday, March 2nd. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.45 by $0.05. The company had revenue of $706.11 million during the quarter, compared to the consensus estimate of $701.29 million. TEGNA had a return on equity of 8.60% and a net margin of 8.11%.The firm's revenue for the quarter was down 18.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.21 EPS. On average, analysts anticipate that TEGNA Inc. will post 3.02 earnings per share for the current year.

TEGNA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Tuesday, March 10th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Tuesday, March 10th. TEGNA's payout ratio is 37.04%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Weiss Ratings reaffirmed a "hold (c)" rating on shares of TEGNA in a research report on Monday, December 29th. Zacks Research raised shares of TEGNA from a "strong sell" rating to a "hold" rating in a research report on Monday, January 12th. One research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $19.75.

About TEGNA

TEGNA Inc is a leading U.S. broadcast and digital media company that was formed as a spin-off from Gannett Co, Inc in June 2015. The company's primary operations include the ownership and operation of local television stations, digital publishing platforms and marketing solutions designed to serve both national advertisers and local businesses. Through its portfolio of media assets, TEGNA delivers news, information and entertainment across multiple platforms, including over-the-air broadcasts, cable and satellite distribution, streaming services and proprietary websites and mobile apps.

TEGNA owns and operates approximately 60 television stations in 51 markets, reaching nearly 40 percent of U.S.

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