Gray Television, Inc. (NYSE:GTN) Shares Bought by AQR Capital Management LLC
AQR Capital Management LLC raised its holdings in Gray Television, Inc. (NYSE:GTN – Free Report) by 16.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,092,238 shares of the company’s stock after purchasing an additional 150,964 shares during the period. AQR Capital Management LLC’s holdings in Gray Television were worth $7,558,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the business. Captrust Financial Advisors boosted its holdings in Gray Television by 219.5% in the 2nd quarter. Captrust Financial Advisors now owns 1,556 shares of the company’s stock worth $26,000 after buying an additional 1,069 shares during the last quarter. Point72 Hong Kong Ltd acquired a new stake in Gray Television in the 1st quarter worth about $73,000. Quarry LP boosted its holdings in Gray Television by 460.6% in the 1st quarter. Quarry LP now owns 5,432 shares of the company’s stock worth $47,000 after buying an additional 4,463 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in Gray Television in the 3rd quarter worth about $41,000. Finally, Advisor Group Holdings Inc. boosted its holdings in Gray Television by 35.1% in the 1st quarter. Advisor Group Holdings Inc. now owns 6,415 shares of the company’s stock worth $142,000 after buying an additional 1,667 shares during the last quarter. 77.01% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on GTN. Barrington Research reiterated a “market perform” rating on shares of Gray Television in a report on Tuesday, February 27th. Wells Fargo & Company upped their price objective on shares of Gray Television from $6.00 to $7.00 and gave the company an “underweight” rating in a research note on Friday, February 9th. Finally, StockNews.com raised shares of Gray Television to a “sell” rating in a research note on Thursday, December 14th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Gray Television presently has a consensus rating of “Hold” and a consensus price target of $12.80.
View Our Latest Research Report on Gray Television
Gray Television Price Performance
Gray Television stock opened at $5.87 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 3.12. The company has a 50-day moving average price of $8.19 and a 200 day moving average price of $7.72. Gray Television, Inc. has a 12-month low of $5.44 and a 12-month high of $10.69. The stock has a market cap of $570.56 million, a P/E ratio of -4.22, a PEG ratio of 0.15 and a beta of 1.56.
Gray Television (NYSE:GTN – Get Free Report) last announced its quarterly earnings results on Friday, February 23rd. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.08). Gray Television had a negative return on equity of 3.76% and a negative net margin of 2.32%. The firm had revenue of $864.00 million for the quarter, compared to analyst estimates of $863.31 million. During the same quarter in the prior year, the business earned $1.88 EPS. The firm’s quarterly revenue was down 19.4% on a year-over-year basis. Sell-side analysts anticipate that Gray Television, Inc. will post 3.78 earnings per share for the current year.
Gray Television Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Friday, March 15th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 5.45%. The ex-dividend date is Thursday, March 14th. Gray Television’s dividend payout ratio (DPR) is presently -23.02%.
Gray Television 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, Antenna TV, Telemundo, and Cozi; and local news/weather channels in various markets.
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