XTX Topco Ltd Invests $321,000 in TEGNA Inc. (NYSE:TGNA)

XTX Topco Ltd bought a new position in TEGNA Inc. (NYSE:TGNA - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund bought 17,577 shares of the company's stock, valued at approximately $321,000.

A number of other large investors have also added to or reduced their stakes in the stock. Jones Financial Companies Lllp purchased a new position in shares of TEGNA during the 4th quarter worth $27,000. Smartleaf Asset Management LLC boosted its stake in shares of TEGNA by 95.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,702 shares of the company's stock worth $31,000 after acquiring an additional 832 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new position in shares of TEGNA during the 4th quarter worth $32,000. GAMMA Investing LLC boosted its stake in shares of TEGNA by 59.0% during the 4th quarter. GAMMA Investing LLC now owns 2,040 shares of the company's stock worth $37,000 after acquiring an additional 757 shares during the last quarter. Finally, Sound Income Strategies LLC purchased a new position in shares of TEGNA during the 4th quarter worth $57,000. Institutional investors own 92.19% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on TGNA. Guggenheim dropped their price target on shares of TEGNA from $22.00 to $20.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. StockNews.com cut shares of TEGNA from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, TEGNA has an average rating of "Moderate Buy" and a consensus price target of $21.25.

TEGNA Price Performance

TGNA stock traded down $0.10 during mid-day trading on Wednesday, hitting $16.23. The company had a trading volume of 1,134,670 shares, compared to its average volume of 2,015,214. The company has a market capitalization of $2.61 billion, a price-to-earnings ratio of 5.74 and a beta of 0.25. TEGNA Inc. has a 12-month low of $12.35 and a 12-month high of $19.62. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 1.07. The company has a 50-day moving average price of $17.16 and a 200 day moving average price of $17.70.

TEGNA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 7th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 3.08%. The ex-dividend date of this dividend was Friday, March 7th. TEGNA's payout ratio is currently 14.12%.

TEGNA Profile

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.