Tegna Inc (TGNA) Stake Increased by Boston Partners

Boston Partners lifted its position in shares of Tegna Inc (NYSE:TGNA) by 33.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 205,580 shares of the company’s stock after acquiring an additional 51,061 shares during the quarter. Boston Partners’ holdings in Tegna were worth $2,895,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Iberiabank Corp increased its holdings in Tegna by 32.4% in the 4th quarter. Iberiabank Corp now owns 17,687 shares of the company’s stock valued at $249,000 after purchasing an additional 4,330 shares during the last quarter. Parametrica Management Ltd acquired a new stake in Tegna in the 4th quarter valued at approximately $336,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Tegna by 35.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,029 shares of the company’s stock valued at $198,000 after purchasing an additional 3,692 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. increased its holdings in Tegna by 1.9% in the 4th quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 805,134 shares of the company’s stock valued at $11,336,000 after purchasing an additional 14,779 shares during the last quarter. Finally, Conning Inc. acquired a new stake in Tegna in the 4th quarter valued at approximately $147,000. Institutional investors and hedge funds own 96.30% of the company’s stock.

Several analysts recently weighed in on the stock. B. Riley reiterated a “neutral” rating on shares of Tegna in a report on Wednesday, November 1st. Zacks Investment Research upgraded shares of Tegna from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a report on Friday, February 2nd. FBR & Co reiterated a “hold” rating and issued a $15.00 target price on shares of Tegna in a report on Wednesday, November 1st. Noble Financial restated a “buy” rating on shares of Tegna in a research note on Tuesday, November 14th. Finally, ValuEngine upgraded shares of Tegna from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 1st. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $18.22.

Tegna Inc (TGNA) opened at $14.04 on Thursday. The company has a market cap of $2,922.50, a price-to-earnings ratio of 10.48, a price-to-earnings-growth ratio of 6.69 and a beta of 1.65. The company has a debt-to-equity ratio of 4.30, a current ratio of 1.37 and a quick ratio of 1.37. Tegna Inc has a 12 month low of $11.59 and a 12 month high of $17.08.

In other Tegna news, SVP Clifton A. Mcclelland III sold 7,740 shares of the business’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $13.69, for a total value of $105,960.60. Following the completion of the transaction, the senior vice president now owns 32,335 shares in the company, valued at $442,666.15. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.81% of the company’s stock.

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Tegna Profile

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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Institutional Ownership by Quarter for Tegna (NYSE:TGNA)

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