Weiss Ratings Reiterates Hold (C-) Rating for Gray Media (NYSE:GTN)

Key Points

• Weiss Ratings has maintained a "hold (C-)" rating for Gray Media (NYSE:GTN), indicating a cautious stance on the stock's performance.
• Gray Media's stock recently experienced a decline of 4.5%, despite updates from various analysts, including a price target increase from Guggenheim.
• The company reported (-$0.42) earnings per share for the last quarter, missing expectations, and has seen revenue decline by 6.5% year-over-year.

Gray Media (NYSE:GTN - Get Free Report)'s stock had its "hold (c-)" rating restated by investment analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

A number of other research firms also recently weighed in on GTN. Wall Street Zen downgraded Gray Media from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Guggenheim increased their price objective on Gray Media from $6.00 to $7.00 and gave the company a "buy" rating in a report on Thursday, August 14th. Wells Fargo & Company increased their price target on Gray Media from $4.50 to $5.00 and gave the stock an "equal weight" rating in a report on Monday, August 11th. Barrington Research reiterated an "outperform" rating and set a $6.50 price target on shares of Gray Media in a report on Tuesday, September 23rd. Finally, Benchmark reiterated a "buy" rating and set a $9.00 price target (up from $7.00) on shares of Gray Media in a report on Monday, August 11th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $6.88.

Gray Media Stock Down 4.5%

Shares of GTN opened at $5.30 on Wednesday. Gray Media has a 52 week low of $2.91 and a 52 week high of $6.30. The stock has a market capitalization of $541.08 million, a price-to-earnings ratio of 3.51 and a beta of 1.17. 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 stock has a fifty day moving average of $5.60 and a 200-day moving average of $4.68.

Gray Media (NYSE:GTN - Get Free Report) last posted its quarterly earnings data 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). The company had revenue of $772.00 million during the quarter, compared to analyst estimates of $765.16 million. Gray Media had a net margin of 5.64% and a return on equity of 10.31%. The business's revenue for the quarter was down 6.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.09 earnings per share. Gray Media has set its Q3 2025 guidance at EPS. As a group, sell-side analysts anticipate that Gray Media will post 3.32 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Gray Media news, Director Richard Lee Boger sold 20,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $5.82, for a total value of $116,400.00. Following the completion of the sale, the director owned 61,343 shares of the company's stock, valued at approximately $357,016.26. This trade represents a 24.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 15.22% of the company's stock.

Institutional Investors Weigh In On Gray Media

A number of hedge funds have recently added to or reduced their stakes in GTN. Wealth Enhancement Advisory Services LLC grew its stake in Gray Media by 122.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 110,170 shares of the company's stock valued at $347,000 after acquiring an additional 60,618 shares during the period. Harbor Capital Advisors Inc. lifted its position in Gray Media by 157.6% in the 1st quarter. Harbor Capital Advisors Inc. now owns 8,752 shares of the company's stock valued at $38,000 after acquiring an additional 5,355 shares in the last quarter. HBK Sorce Advisory LLC lifted its position in Gray Media by 118.8% in the 1st quarter. HBK Sorce Advisory LLC now owns 26,578 shares of the company's stock valued at $115,000 after acquiring an additional 14,430 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in Gray Media by 42.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 451,435 shares of the company's stock valued at $1,950,000 after acquiring an additional 133,632 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC lifted its position in Gray Media by 19.4% in the 1st quarter. Linden Thomas Advisory Services LLC now owns 129,868 shares of the company's stock valued at $561,000 after acquiring an additional 21,072 shares in the last quarter. Institutional investors and hedge funds own 78.64% of the company's stock.

About Gray Media

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.

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