TEGNA Inc. (NYSE:TGNA – Get Free Report) CEO David T. Lougee sold 98,437 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $13.98, for a total transaction of $1,376,149.26. Following the completion of the transaction, the chief executive officer now owns 594,401 shares of the company’s stock, valued at approximately $8,309,725.98. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
TEGNA Stock Performance
Shares of TGNA opened at $13.64 on Wednesday. The stock has a market capitalization of $2.31 billion, a P/E ratio of 4.77 and a beta of 0.51. The firm’s fifty day simple moving average is $14.14 and its two-hundred day simple moving average is $14.53. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 1.10. TEGNA Inc. has a 12 month low of $12.35 and a 12 month high of $17.37.
TEGNA (NYSE:TGNA – Get Free Report) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.02. The firm had revenue of $714.30 million for the quarter, compared to the consensus estimate of $718.86 million. TEGNA had a net margin of 19.48% and a return on equity of 11.86%. The business’s revenue was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.47 earnings per share. As a group, analysts predict that TEGNA Inc. will post 3.11 EPS for the current year.
TEGNA Increases Dividend
Institutional Trading of TEGNA
Several institutional investors and hedge funds have recently made changes to their positions in the company. Parallel Advisors LLC boosted its position in TEGNA by 142.1% in the fourth quarter. Parallel Advisors LLC now owns 1,675 shares of the company’s stock worth $26,000 after purchasing an additional 983 shares during the last quarter. CWM LLC raised its stake in shares of TEGNA by 389.0% during the 1st quarter. CWM LLC now owns 1,873 shares of the company’s stock worth $28,000 after purchasing an additional 1,490 shares during the period. Fidelis Capital Partners LLC bought a new stake in shares of TEGNA during the 1st quarter worth $28,000. Headlands Technologies LLC purchased a new position in shares of TEGNA in the 1st quarter worth about $46,000. Finally, EverSource Wealth Advisors LLC grew its position in TEGNA by 32.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 4,810 shares of the company’s stock valued at $74,000 after buying an additional 1,180 shares during the period. Hedge funds and other institutional investors own 92.19% of the company’s stock.
TEGNA Company Profile
TEGNA Inc, a media company, provides broadcast advertising and marketing products and services for businesses. The company operates 47 television stations in 39 markets of the United States that produce local programming, such as news, sports, and entertainment. It offers local and national non-political advertising; political advertising; production of programming from third parties; production of advertising materials; and digital marketing services, as well as advertising services on the stations' Websites, tablets, and mobile products.
Read More
- Five stocks we like better than TEGNA
- How to Calculate Options Profits
- RXO Shares Surge Following New Acquisition Deal
- Conference Calls and Individual Investors
- 3 Stock Dips Insiders Are Buying: Vestis, Shenandoah, Treace
- Investing in large cap stocks: Diving into big caps
- Biotech Stock Breakout: IBB Eyes Resistance with Amgen and Vertex
Receive News & Ratings for TEGNA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TEGNA and related companies with MarketBeat.com's FREE daily email newsletter.