Stephens Inc. AR Invests $209,000 in Gray Television, Inc. (GTN) Stock

Stephens Inc. AR bought a new stake in Gray Television, Inc. (NYSE:GTN) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 12,485 shares of the company’s stock, valued at approximately $209,000.

A number of other hedge funds also recently modified their holdings of the business. Alambic Investment Management L.P. acquired a new position in Gray Television in the fourth quarter valued at approximately $412,000. Delphi Management Inc. MA boosted its stake in Gray Television by 34.0% in the fourth quarter. Delphi Management Inc. MA now owns 46,930 shares of the company’s stock valued at $786,000 after acquiring an additional 11,900 shares during the period. Victory Capital Management Inc. boosted its stake in Gray Television by 2.1% in the fourth quarter. Victory Capital Management Inc. now owns 2,457,682 shares of the company’s stock valued at $41,166,000 after acquiring an additional 49,506 shares during the period. Dupont Capital Management Corp boosted its stake in Gray Television by 182.3% in the fourth quarter. Dupont Capital Management Corp now owns 131,896 shares of the company’s stock valued at $2,209,000 after acquiring an additional 85,179 shares during the period. Finally, SG Americas Securities LLC boosted its stake in Gray Television by 39.3% in the fourth quarter. SG Americas Securities LLC now owns 14,492 shares of the company’s stock valued at $243,000 after acquiring an additional 4,086 shares during the period. Institutional investors own 68.37% of the company’s stock.

A number of equities analysts have commented on GTN shares. Zacks Investment Research downgraded Gray Television from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. ValuEngine downgraded Gray Television from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 30th. Guggenheim started coverage on Gray Television in a research note on Wednesday, October 18th. They issued a “buy” rating and a $20.00 target price for the company. Benchmark restated a “buy” rating and issued a $21.00 target price on shares of Gray Television in a research note on Tuesday, November 7th. Finally, Jefferies Group started coverage on Gray Television in a research note on Thursday, December 14th. They issued a “buy” rating and a $18.00 target price for the company. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $18.57.

Shares of Gray Television, Inc. (NYSE GTN) opened at $15.25 on Thursday. The firm has a market capitalization of $1,388.20, a P/E ratio of 13.55, a PEG ratio of 2.02 and a beta of 2.46. The company has a current ratio of 3.28, a quick ratio of 3.28 and a debt-to-equity ratio of 3.11. Gray Television, Inc. has a twelve month low of $11.70 and a twelve month high of $17.80.

In other news, EVP Kevin Paul Latek sold 97,634 shares of Gray Television stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $16.96, for a total transaction of $1,655,872.64. Following the sale, the executive vice president now owns 219,706 shares of the company’s stock, valued at $3,726,213.76. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 12.00% of the company’s stock.

WARNING: This piece of content was originally reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of US and international copyright legislation. The correct version of this piece of content can be read at https://www.chaffeybreeze.com/2018/02/15/stephens-inc-ar-invests-209000-in-gray-television-inc-gtn-stock.html.

Gray Television Company 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).

Want to see what other hedge funds are holding GTN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gray Television, Inc. (NYSE:GTN).

Institutional Ownership by Quarter for Gray Television (NYSE:GTN)

Receive News & Ratings for Gray Television Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gray Television and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply