WINTON GROUP Ltd Has $6.88 Million Stock Position in TEGNA Inc. $TGNA

WINTON GROUP Ltd raised its stake in TEGNA Inc. (NYSE:TGNA) by 238.1% during the 3rd quarter, Holdings Channel reports. The fund owned 338,423 shares of the company’s stock after acquiring an additional 238,338 shares during the period. WINTON GROUP Ltd’s holdings in TEGNA were worth $6,880,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its holdings in shares of TEGNA by 13.0% during the third quarter. EverSource Wealth Advisors LLC now owns 4,480 shares of the company’s stock worth $91,000 after acquiring an additional 517 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of TEGNA by 12.7% during the third quarter. PNC Financial Services Group Inc. now owns 5,810 shares of the company’s stock worth $118,000 after purchasing an additional 653 shares during the period. Arizona State Retirement System lifted its holdings in TEGNA by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 47,560 shares of the company’s stock worth $967,000 after purchasing an additional 657 shares during the last quarter. Parkside Financial Bank & Trust lifted its holdings in TEGNA by 12.6% during the 2nd quarter. Parkside Financial Bank & Trust now owns 6,295 shares of the company’s stock worth $106,000 after purchasing an additional 706 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey boosted its stake in TEGNA by 2.3% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 36,978 shares of the company’s stock valued at $620,000 after purchasing an additional 838 shares during the period. 92.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Zacks Research raised TEGNA from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Weiss Ratings reissued a “hold (c)” rating on shares of TEGNA in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $19.75.

TEGNA Stock Down 1.5%

Shares of TGNA opened at $20.66 on Monday. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.80. TEGNA Inc. has a 12 month low of $14.87 and a 12 month high of $21.35. The firm’s 50 day moving average is $19.79 and its 200-day moving average is $20.02. The stock has a market capitalization of $3.35 billion, a PE ratio of 15.30 and a beta of 0.12.

TEGNA (NYSE:TGNA) last issued its quarterly earnings results on Monday, March 2nd. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.05. The business had revenue of $706.11 million during the quarter, compared to analysts’ expectations of $701.29 million. TEGNA had a return on equity of 8.60% and a net margin of 8.11%.The firm’s revenue for the quarter was down 18.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.21 earnings per share. Equities research analysts forecast that TEGNA Inc. will post 3.02 EPS for the current year.

TEGNA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Tuesday, March 10th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Tuesday, March 10th. TEGNA’s dividend payout ratio is presently 37.04%.

TEGNA Company Profile

TEGNA Inc is a leading U.S. broadcast and digital media company that was formed as a spin-off from Gannett Co, Inc in June 2015. The company’s primary operations include the ownership and operation of local television stations, digital publishing platforms and marketing solutions designed to serve both national advertisers and local businesses. Through its portfolio of media assets, TEGNA delivers news, information and entertainment across multiple platforms, including over-the-air broadcasts, cable and satellite distribution, streaming services and proprietary websites and mobile apps.

TEGNA owns and operates approximately 60 television stations in 51 markets, reaching nearly 40 percent of U.S.