Gray Television, Inc. (GTN) Position Maintained by Swiss National Bank
Swiss National Bank continued to hold its stake in shares of Gray Television, Inc. (NYSE:GTN) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 110,800 shares of the company’s stock at the end of the second quarter. Swiss National Bank owned approximately 0.17% of Gray Television worth $1,518,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently made changes to their positions in the business. Legal & General Group Plc boosted its holdings in shares of Gray Television by 3.2% in the second quarter. Legal & General Group Plc now owns 16,502 shares of the company’s stock worth $226,000 after buying an additional 505 shares during the period. Rhumbline Advisers boosted its holdings in shares of Gray Television by 0.7% in the second quarter. Rhumbline Advisers now owns 75,994 shares of the company’s stock worth $1,041,000 after buying an additional 535 shares during the period. Parametric Portfolio Associates LLC boosted its holdings in shares of Gray Television by 7.0% in the first quarter. Parametric Portfolio Associates LLC now owns 30,941 shares of the company’s stock worth $449,000 after buying an additional 2,015 shares during the period. Metropolitan Life Insurance Co. NY boosted its holdings in shares of Gray Television by 5.4% in the first quarter. Metropolitan Life Insurance Co. NY now owns 44,553 shares of the company’s stock worth $646,000 after buying an additional 2,265 shares during the period. Finally, American International Group Inc. boosted its holdings in shares of Gray Television by 7.1% in the first quarter. American International Group Inc. now owns 39,493 shares of the company’s stock worth $573,000 after buying an additional 2,613 shares during the period. Institutional investors own 81.35% of the company’s stock.
Shares of Gray Television, Inc. (NYSE GTN) opened at 16.15 on Tuesday. Gray Television, Inc. has a 12-month low of $7.00 and a 12-month high of $16.70. The firm has a market capitalization of $1.16 billion, a PE ratio of 10.04 and a beta of 3.25. The company’s 50 day moving average is $14.61 and its 200 day moving average is $14.00.
Gray Television (NYSE:GTN) last announced its quarterly earnings results on Tuesday, August 8th. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. The company had revenue of $226.70 million during the quarter, compared to analysts’ expectations of $221.05 million. Gray Television had a return on equity of 17.32% and a net margin of 13.38%. Gray Television’s revenue was up 15.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.24 EPS. On average, analysts forecast that Gray Television, Inc. will post $1.61 earnings per share for the current year.
Several brokerages have commented on GTN. Royal Bank Of Canada reiterated a “buy” rating and issued a $17.00 target price on shares of Gray Television in a report on Wednesday, September 27th. Zacks Investment Research upgraded shares of Gray Television from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a report on Thursday, September 21st. ValuEngine upgraded shares of Gray Television from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 21st. Wells Fargo & Company restated an “outperform” rating and set a $18.00 price target (up from $15.50) on shares of Gray Television in a report on Thursday, August 10th. Finally, Benchmark Co. raised their price target on shares of Gray Television from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Wednesday, August 9th. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $17.80.
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Gray Television Profile
Gray Television, Inc is a television broadcast company. The Company owns and operates television stations and digital assets in various markets across the United States. As of February 21, 2017, the Company owned and/or operated television stations in 54 television markets broadcasting over 200 separate programming streams, including 37 affiliates of the CBS Network (CBS), 29 affiliates of the NBC Network (NBC), 20 affiliates of the ABC Network (ABC) and 15 affiliates of the FOX Network (FOX).
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