Versor Investments LP Has $634,000 Stock Position in Gray Media Inc. $GTN

Versor Investments LP lowered its stake in shares of Gray Media Inc. (NYSE:GTN) by 41.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 139,900 shares of the company’s stock after selling 100,200 shares during the period. Versor Investments LP owned approximately 0.14% of Gray Media worth $634,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. HighTower Advisors LLC grew its stake in Gray Media by 292.4% in the first quarter. HighTower Advisors LLC now owns 205,016 shares of the company’s stock valued at $886,000 after acquiring an additional 152,766 shares during the period. Russell Investments Group Ltd. grew its stake 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 acquired a new stake in Gray Media in the first quarter valued at approximately $2,876,000. Charles Schwab Investment Management Inc. grew its stake in Gray Media by 60.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,956,635 shares of the company’s stock valued at $8,453,000 after acquiring an additional 734,085 shares during the period. Finally, KLP Kapitalforvaltning AS grew its stake in Gray Media by 481.0% in the first quarter. KLP Kapitalforvaltning AS now owns 79,600 shares of the company’s stock valued at $344,000 after acquiring an additional 65,900 shares during the period. Institutional investors and hedge funds own 78.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Benchmark reissued a “buy” rating and issued a $9.00 price objective (up previously from $7.00) on shares of Gray Media in a research note on Monday, August 11th. Wells Fargo & Company raised their price objective on Gray Media from $4.50 to $5.00 and gave the company an “equal weight” rating in a research note on Monday, August 11th. Guggenheim raised their price objective on Gray Media from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Thursday, August 14th. Wall Street Zen lowered Gray Media from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Finally, Barrington Research restated an “outperform” rating and issued a $6.50 target price on shares of Gray Media in a report on Tuesday, September 23rd. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Gray Media currently has a consensus rating of “Hold” and an average price target of $6.88.

Insider Buying and Selling

In related news, Director Richard Lee Boger sold 20,000 shares of Gray Media stock in a transaction 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 sale, the director directly owned 61,343 shares in the company, 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 can be accessed through this link. Company insiders own 15.22% of the company’s stock.

Gray Media Stock Up 0.4%

GTN stock opened at $4.59 on Tuesday. Gray Media Inc. has a twelve month low of $2.91 and a twelve month high of $6.30. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 2.56. The stock’s 50 day moving average is $5.41 and its 200-day moving average is $4.80. The firm has a market capitalization of $468.58 million, a PE ratio of 3.04 and a beta of 1.17.

Gray Media (NYSE:GTN) last posted its earnings results 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 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 firm’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.09 EPS. Gray Media has set its Q3 2025 guidance at EPS. Sell-side analysts expect that Gray Media Inc. will post 3.32 EPS for the current fiscal year.

Gray Media Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 7.0%. The ex-dividend date was Monday, September 15th. Gray Media’s dividend payout ratio (DPR) is 21.19%.

Gray Media Company Profile

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.