LSV Asset Management Has $83.38 Million Holdings in TEGNA Inc. (NYSE:TGNA)

LSV Asset Management increased its stake in shares of TEGNA Inc. (NYSE:TGNA - Free Report) by 16.7% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 5,449,571 shares of the company's stock after acquiring an additional 781,152 shares during the period. LSV Asset Management owned approximately 2.77% of TEGNA worth $83,378,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Covestor Ltd boosted its holdings in TEGNA by 94.3% in the third quarter. Covestor Ltd now owns 2,741 shares of the company's stock valued at $40,000 after purchasing an additional 1,330 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of TEGNA by 925.4% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 3,630 shares of the company's stock valued at $53,000 after buying an additional 3,276 shares during the last quarter. Parkside Financial Bank & Trust grew its position in shares of TEGNA by 34.4% during the third quarter. Parkside Financial Bank & Trust now owns 4,474 shares of the company's stock worth $65,000 after buying an additional 1,145 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of TEGNA in the third quarter worth $97,000. Finally, Signaturefd LLC raised its holdings in TEGNA by 437.5% in the fourth quarter. Signaturefd LLC now owns 9,686 shares of the company's stock valued at $148,000 after acquiring an additional 7,884 shares in the last quarter. Hedge funds and other institutional investors own 92.19% of the company's stock.

Insider Transactions at TEGNA

In other TEGNA news, CEO David T. Lougee sold 43,750 shares of the firm's stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $14.70, for a total value of $643,125.00. Following the sale, the chief executive officer now owns 725,651 shares in the company, valued at $10,667,069.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO David T. Lougee sold 150,000 shares of the stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $15.21, for a total value of $2,281,500.00. Following the completion of the transaction, the chief executive officer now directly owns 636,262 shares in the company, valued at $9,677,545.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David T. Lougee sold 43,750 shares of the business's stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $14.70, for a total value of $643,125.00. Following the sale, the chief executive officer now directly owns 725,651 shares in the company, valued at approximately $10,667,069.70. The disclosure for this sale can be found here. Insiders own 0.88% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TGNA. Benchmark cut their target price on shares of TEGNA from $22.00 to $21.00 and set a "buy" rating on the stock in a research note on Friday, March 1st. JPMorgan Chase & Co. reduced their target price on TEGNA from $17.00 to $15.00 and set a "neutral" rating on the stock in a report on Friday, March 1st. Finally, Wells Fargo & Company decreased their target price on TEGNA from $17.00 to $15.00 and set an "equal weight" rating for the company in a research report on Friday, February 9th.

TEGNA Stock Performance

Shares of NYSE:TGNA traded up $0.02 during trading on Friday, reaching $14.17. 1,053,654 shares of the company's stock traded hands, compared to its average volume of 1,472,909. The stock has a market capitalization of $2.50 billion, a P/E ratio of 6.27 and a beta of 0.50. TEGNA Inc. has a 12 month low of $13.18 and a 12 month high of $17.37. The company has a 50 day moving average of $14.13 and a 200-day moving average of $14.82. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.48 and a quick ratio of 2.48.

TEGNA (NYSE:TGNA - Get Free Report) last posted its earnings results on Thursday, February 29th. The company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.04). TEGNA had a net margin of 16.38% and a return on equity of 12.41%. The company had revenue of $725.80 million for the quarter, compared to the consensus estimate of $750.78 million. During the same period last year, the company posted $0.98 earnings per share. The firm's revenue for the quarter was down 20.9% compared to the same quarter last year. On average, equities analysts expect that TEGNA Inc. will post 3.14 EPS for the current year.

TEGNA Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 8th were issued a dividend of $0.114 per share. This represents a $0.46 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend was Thursday, March 7th. TEGNA's dividend payout ratio (DPR) is 20.35%.

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.