Teachers Retirement System of The State of Kentucky Decreases Position in TEGNA Inc. (NYSE:TGNA)

Teachers Retirement System of The State of Kentucky decreased its position in TEGNA Inc. (NYSE:TGNA) by 3.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 52,394 shares of the company’s stock after selling 2,100 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in TEGNA were worth $958,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of TGNA. Jones Financial Companies Lllp purchased a new position in shares of TEGNA during the 4th quarter valued at $27,000. Smartleaf Asset Management LLC lifted its holdings in TEGNA by 95.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,702 shares of the company’s stock valued at $31,000 after purchasing an additional 832 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new position in TEGNA during the fourth quarter worth about $32,000. GAMMA Investing LLC increased its stake in shares of TEGNA by 59.0% in the fourth quarter. GAMMA Investing LLC now owns 2,040 shares of the company’s stock worth $37,000 after purchasing an additional 757 shares in the last quarter. Finally, Sound Income Strategies LLC bought a new stake in shares of TEGNA in the fourth quarter valued at approximately $57,000. 92.19% of the stock is owned by institutional investors.

TEGNA Stock Up 0.6 %

Shares of NYSE:TGNA opened at $16.17 on Monday. The firm has a fifty day moving average price of $17.26 and a two-hundred day moving average price of $17.72. The company has a market cap of $2.60 billion, a price-to-earnings ratio of 5.71 and a beta of 0.25. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.60 and a quick ratio of 2.60. TEGNA Inc. has a one year low of $12.35 and a one year high of $19.62.

TEGNA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 7th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 3.09%. The ex-dividend date was Friday, March 7th. TEGNA’s dividend payout ratio is 14.12%.

Analysts Set New Price Targets

Several research firms recently commented on TGNA. Guggenheim cut their price objective on shares of TEGNA from $22.00 to $20.00 and set a “buy” rating for the company in a report on Friday, April 11th. StockNews.com cut TEGNA from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, TEGNA has an average rating of “Moderate Buy” and a consensus price target of $21.25.

About TEGNA

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.