Capital Fund Management S.A. Cuts Stake in Tegna Inc (TGNA)
- Author: Zachary Reyes Jun 02, 2017,
Jun 02, 2017, 7:26
Institutional investors own 85.01% of the company's stock. Wall Street analysts covering the stock are projecting that the stock will reach $25.38 within the next 52-weeks.
A number of research firms have issued reports on TGNA. TheStreet upgraded Tegna from a "c" rating to a "b" rating in a report on Thursday, March 30th. Jefferies Group LLC reaffirmed a "hold" rating and set a $26.00 price target on shares of Tegna in a report on Tuesday, February 28th. FBR & Co restated a "buy" rating and issued a $30.00 target price on shares of Tegna in a research note on Wednesday, March 8th. The Benchmark Company analysts stated on 28/02/2017 that they maintained their Buy rating. The company now has an average rating of "Hold" and a consensus price target of $27.67.
Shares of Tegna Inc (TGNA) traded up 0.91% during trading on Thursday, reaching $15.35. Ltd. now owns 32,946 shares of the company's stock worth $844,000 after buying an additional 1,624 shares during the last quarter. The share price has moved forward from its 20 days moving average, trading at a distance of 0.46% and stays -3.94% away from its 50 days moving average. The company has market cap of $5.21 billion.
TEGNA Inc. (NYSE: TGNA) is an innovative media company that serves the greater good of our communities.
Over the last 5 years, TEGNA Inc. has averaged a 1.40% YoY EPS growth rate and a -8.60% revenue growth rate. The company reported $0.33 EPS for the quarter, meeting analysts' consensus estimates of $0.33.
The deeper check for the directional and trending momentum of a stock in reference of returns measured through ordinary profitability ratios: TEGNA Inc. Its revenue totaled $801.39 million down -9.69% from the previous quarter. Nonetheless, from here on out, earnings per share forecasts for the current quarter are $0.38. Over the past month the firm's stock is -7.91%, -9.70% for the last quarter, 6.55% for the past six-months and 3.40% for the a year ago. Equities analysts anticipate that Tegna Inc will post $1.69 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, July 3rd. TEGNA shareholders received one share of Cars.com common stock for every three shares of TEGNA common stock held as of the record date, May 18, 2017. The Beta for the company stands at 1.63 and its Average True Range (ATR) shows a value of 0.67. Tegna's dividend payout ratio is now 26.67%. For the week, the stock is performing 2.28%. If you are viewing this story on another site, it was stolen and republished in violation of US and worldwide trademark and copyright legislation. The rating was downgraded by FBR Capital on Wednesday, May 10 to "Mkt Perform".
In other news, SVP William A. Behan sold 24,644 shares of the stock in a transaction on Tuesday, March 7th. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,291 shares of the company's stock worth $263,000 after buying an additional 50 shares during the last quarter. More interesting news about Tegna Inc (NYSE:TGNA) were released by: Finance.Yahoo.com and their article: "TEGNA Board of Directors Approves Spin-Off of Cars.com" published on May 03, 2017 as well as Businesswire.com's news article titled: "TEGNA Inc". Cipher Capital LP acquired a new stake in Tegna during the fourth quarter worth about $321,000. OH ADV acquired a new stake in Tegna during the third quarter worth approximately $212,000.
McLean-based media company Tegna Inc. has completed its spinoff of Cars.com, creating two publicly traded companies. The Company's segments include TEGNA Media (Media) and TEGNA Digital (Digital).
Before becoming president and CEO, Lougee was president of Tegna Media, overseeing 46 broadcast stations in 38 markets.