Mn Services Vermogensbeheer B.V. continued to hold its stake in shares of Tegna Inc (NYSE:TGNA) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,331 shares of the company’s stock at the end of the first quarter. Mn Services Vermogensbeheer B.V.’s holdings in Tegna were worth $128,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the company. Norges Bank bought a new stake in shares of Tegna during the fourth quarter valued at $49,159,000. Victory Capital Management Inc. increased its position in shares of Tegna by 47.9% in the third quarter. Victory Capital Management Inc. now owns 5,939,808 shares of the company’s stock worth $129,844,000 after buying an additional 1,923,809 shares in the last quarter. Morgan Stanley increased its position in shares of Tegna by 229.7% in the third quarter. Morgan Stanley now owns 1,184,296 shares of the company’s stock worth $25,888,000 after buying an additional 825,044 shares in the last quarter. FMR LLC increased its position in shares of Tegna by 75.0% in the fourth quarter. FMR LLC now owns 1,700,168 shares of the company’s stock worth $36,366,000 after buying an additional 728,426 shares in the last quarter. Finally, Marshall Wace LLP increased its position in shares of Tegna by 160.8% in the fourth quarter. Marshall Wace LLP now owns 833,859 shares of the company’s stock worth $17,836,000 after buying an additional 514,118 shares in the last quarter. 85.01% of the stock is owned by institutional investors and hedge funds.
Tegna Inc (NYSE:TGNA) traded up 2.65% during midday trading on Friday, hitting $22.89. The company had a trading volume of 3,715,277 shares. The stock has a market capitalization of $4.92 billion, a PE ratio of 12.22 and a beta of 1.69. The stock has a 50 day moving average price of $24.87 and a 200-day moving average price of $23.51. Tegna Inc has a 52 week low of $17.91 and a 52 week high of $26.65.
Tegna (NYSE:TGNA) last posted its quarterly earnings data on Tuesday, May 9th. The company reported $0.33 EPS for the quarter, hitting the consensus estimate of $0.33. Tegna had a return on equity of 19.14% and a net margin of 14.33%. The firm had revenue of $778.50 million for the quarter, compared to the consensus estimate of $799.54 million. During the same quarter last year, the company earned $0.45 earnings per share. The business’s revenue for the quarter was down .4% compared to the same quarter last year. On average, equities analysts predict that Tegna Inc will post $1.69 EPS for the current year.
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A number of equities analysts recently commented on TGNA shares. FBR & Co downgraded Tegna from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $29.00 to $24.00 in a report on Wednesday, May 10th. Benchmark Co. increased their price objective on Tegna from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, February 28th. Barrington Research reiterated an “outperform” rating and issued a $36.00 price objective (up previously from $28.00) on shares of Tegna in a report on Tuesday, March 7th. Jefferies Group LLC reiterated a “hold” rating and issued a $26.00 price objective on shares of Tegna in a report on Tuesday, February 28th. Finally, TheStreet upgraded Tegna from a “c” rating to a “b” rating in a report on Thursday, March 30th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $27.67.
In related news, SVP William A. Behan sold 24,644 shares of Tegna stock in a transaction that occurred on Tuesday, March 7th. The stock was sold at an average price of $25.87, for a total transaction of $637,540.28. Following the sale, the senior vice president now owns 8,005 shares of the company’s stock, valued at approximately $207,089.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Howard D. Elias sold 4,883 shares of Tegna stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $26.18, for a total value of $127,836.94. Following the sale, the director now directly owns 14,883 shares in the company, valued at approximately $389,636.94. The disclosure for this sale can be found here. Insiders sold 44,421 shares of company stock worth $1,148,472 in the last ninety days. Corporate insiders own 0.68% of the company’s stock.
Tegna Inc has a portfolio of media and digital businesses that provide content. The Company’s segments include TEGNA Media (Media) and TEGNA Digital (Digital). As of December 31, 2016, its media business included 46 television stations operating in 38 markets and offered television programming and digital content.
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