Nisa Investment Advisors LLC Acquires 31,949 Shares of Gray Television, Inc. (NYSE:GTN)

Nisa Investment Advisors LLC grew its holdings in Gray Television, Inc. (NYSE:GTN) by 17,363.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,133 shares of the company’s stock after acquiring an additional 31,949 shares during the period. Nisa Investment Advisors LLC’s holdings in Gray Television were worth $172,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in GTN. Capital Management Corp VA lifted its holdings in Gray Television by 18.6% in the 1st quarter. Capital Management Corp VA now owns 3,670,410 shares of the company’s stock worth $23,197,000 after purchasing an additional 575,527 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in Gray Television by 232.4% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 813,000 shares of the company’s stock worth $5,138,000 after purchasing an additional 568,400 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Gray Television by 9.8% during the 1st quarter. Vanguard Group Inc. now owns 5,662,398 shares of the company’s stock valued at $35,786,000 after purchasing an additional 506,106 shares during the last quarter. Empowered Funds LLC purchased a new position in shares of Gray Television during the first quarter valued at about $2,010,000. Finally, Susquehanna Fundamental Investments LLC purchased a new position in shares of Gray Television during the first quarter valued at about $1,093,000. Institutional investors own 78.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on GTN. Wells Fargo & Company reduced their price objective on Gray Television from $6.00 to $4.00 and set an “underweight” rating on the stock in a research note on Friday, August 9th. Guggenheim decreased their price target on shares of Gray Television from $12.00 to $10.00 and set a “buy” rating on the stock in a research note on Wednesday, August 14th. Finally, Benchmark dropped their price objective on shares of Gray Television from $13.00 to $11.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $8.33.

Gray Television Stock Up 4.2 %

Shares of GTN opened at $5.95 on Thursday. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 2.98. The business has a fifty day moving average of $5.30 and a 200 day moving average of $5.47. The company has a market cap of $593.04 million, a PE ratio of 85.01, a P/E/G ratio of 0.13 and a beta of 1.47. Gray Television, Inc. has a 52-week low of $4.15 and a 52-week high of $10.07.

Gray Television (NYSE:GTN) last released its earnings results on Thursday, August 8th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.01). Gray Television had a return on equity of 3.02% and a net margin of 1.84%. The firm had revenue of $826.00 million during the quarter, compared to the consensus estimate of $840.33 million. During the same quarter last year, the business posted ($0.10) EPS. Gray Television’s revenue was up 1.6% compared to the same quarter last year. On average, sell-side analysts expect that Gray Television, Inc. will post 4.37 EPS for the current year.

Gray Television Company Profile

Gray Television, Inc, a television broadcasting company, owns and/or operates television stations and digital assets in the United States. It also broadcasts secondary digital channels affiliated to ABC, CBS, NBC, and FOX, as well as various other networks and program services, including CW Plus Network, MY Network, the MeTV Network, Circle, Telemundo, THE365, and Outlaw; and local news/weather channels in various markets.