Gray Media Inc. (NYSE:GTN) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Gray Media Inc. (NYSE:GTN) have been assigned an average rating of “Hold” from the five analysts that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $6.8750.

A number of brokerages recently weighed in on GTN. Weiss Ratings cut shares of Gray Media from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Saturday, October 25th. Barrington Research restated an “outperform” rating and set a $6.50 price objective on shares of Gray Media in a report on Tuesday, September 23rd. Benchmark restated a “buy” rating and set a $9.00 price objective (up previously from $7.00) on shares of Gray Media in a report on Monday, August 11th. Wall Street Zen cut Gray Media from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Finally, Guggenheim lifted their target price on Gray Media from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Thursday, August 14th.

Gray Media Stock Performance

GTN stock opened at $4.59 on Tuesday. 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 market capitalization of $468.58 million, a price-to-earnings ratio of 3.04 and a beta of 1.17. Gray Media has a 1 year low of $2.91 and a 1 year high of $6.30. The stock’s fifty day moving average is $5.41 and its two-hundred day moving average is $4.80.

Gray Media (NYSE:GTN) last posted its earnings results on Friday, August 8th. The company reported ($0.42) earnings per share (EPS) 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 the consensus estimate of $765.16 million. Gray Media had a net margin of 5.64% and a return on equity of 10.31%. The business’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.09 earnings per share. Gray Media has set its Q3 2025 guidance at EPS. On average, research analysts predict that Gray Media will post 3.32 EPS for the current year.

Gray Media Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were paid a $0.08 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $0.32 annualized dividend and a dividend yield of 7.0%. Gray Media’s payout ratio is presently 21.19%.

Insider Transactions at Gray Media

In other Gray Media news, Director Richard Lee Boger sold 20,000 shares of the company’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 transaction of $116,400.00. Following the completion of the sale, the director owned 61,343 shares of the company’s stock, valued at $357,016.26. This represents a 24.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 15.22% of the stock is owned by insiders.

Institutional Investors Weigh In On Gray Media

A number of large investors have recently added to or reduced their stakes in GTN. HighTower Advisors LLC lifted its holdings in shares of Gray Media by 292.4% during the first quarter. HighTower Advisors LLC now owns 205,016 shares of the company’s stock worth $886,000 after buying an additional 152,766 shares during the last quarter. Russell Investments Group Ltd. grew its position in Gray Media by 17.7% in the first quarter. Russell Investments Group Ltd. now owns 496,295 shares of the company’s stock valued at $2,144,000 after acquiring an additional 74,696 shares during the period. Nuveen LLC bought a new stake in shares of Gray Media during the first quarter worth $2,876,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Gray Media by 60.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,956,635 shares of the company’s stock worth $8,453,000 after purchasing an additional 734,085 shares during the last quarter. Finally, KLP Kapitalforvaltning AS grew its holdings in shares of Gray Media by 481.0% during the first quarter. KLP Kapitalforvaltning AS now owns 79,600 shares of the company’s stock worth $344,000 after purchasing an additional 65,900 shares during the last quarter. Institutional investors 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.