WINTON GROUP Ltd Makes New $1.68 Million Investment in TEGNA Inc. $TGNA

WINTON GROUP Ltd bought a new position in TEGNA Inc. (NYSE:TGNA) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 100,085 shares of the company’s stock, valued at approximately $1,677,000. WINTON GROUP Ltd owned about 0.06% of TEGNA at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of TGNA. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in TEGNA in the 2nd quarter worth about $38,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of TEGNA by 1,018.3% in the second quarter. Caitong International Asset Management Co. Ltd now owns 2,997 shares of the company’s stock worth $50,000 after buying an additional 2,729 shares in the last quarter. TD Private Client Wealth LLC grew its holdings in shares of TEGNA by 13,896.4% during the second quarter. TD Private Client Wealth LLC now owns 3,919 shares of the company’s stock valued at $66,000 after buying an additional 3,891 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of TEGNA by 81.6% during the second quarter. EverSource Wealth Advisors LLC now owns 3,963 shares of the company’s stock valued at $66,000 after acquiring an additional 1,781 shares in the last quarter. Finally, Amundi raised its holdings in TEGNA by 1,507.5% in the 1st quarter. Amundi now owns 4,067 shares of the company’s stock worth $74,000 after acquiring an additional 3,814 shares during the last quarter. Hedge funds and other institutional investors own 92.19% of the company’s stock.

TEGNA Stock Up 0.7%

TGNA stock opened at $19.55 on Wednesday. The company has a market cap of $3.15 billion, a price-to-earnings ratio of 9.22 and a beta of 0.12. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.22 and a current ratio of 2.22. The business’s 50-day moving average is $19.84 and its two-hundred day moving average is $18.90. TEGNA Inc. has a fifty-two week low of $14.87 and a fifty-two week high of $21.35.

TEGNA (NYSE:TGNA) last issued its quarterly earnings data on Monday, November 10th. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.02). The business had revenue of $650.79 million during the quarter, compared to the consensus estimate of $658.28 million. TEGNA had a return on equity of 12.50% and a net margin of 11.97%.TEGNA’s revenue for the quarter was down 19.3% on a year-over-year basis. During the same quarter last year, the company earned $0.94 EPS. As a group, analysts forecast that TEGNA Inc. will post 3.02 earnings per share for the current year.

TEGNA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Friday, December 5th will be given a dividend of $0.125 per share. The ex-dividend date is Friday, December 5th. This represents a $0.50 annualized dividend and a yield of 2.6%. TEGNA’s payout ratio is 23.58%.

Analyst Ratings Changes

TGNA has been the subject of a number of research analyst reports. Wells Fargo & Company lowered TEGNA from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 23rd. Zacks Research downgraded TEGNA from a “hold” rating to a “strong sell” rating in a report on Friday, October 10th. Guggenheim restated a “neutral” rating and set a $19.00 target price on shares of TEGNA in a research note on Friday, August 22nd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of TEGNA in a report on Monday. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $19.75.

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.