WINTON GROUP Ltd Acquires Shares of 174,154 Gray Media Inc. $GTN

WINTON GROUP Ltd bought a new position in shares of Gray Media Inc. (NYSE:GTN) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 174,154 shares of the company’s stock, valued at approximately $1,007,000. WINTON GROUP Ltd owned approximately 0.17% of Gray Media at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Acadian Asset Management LLC acquired a new stake in shares of Gray Media in the first quarter valued at approximately $28,000. Merit Financial Group LLC acquired a new position in Gray Media during the 3rd quarter worth $59,000. Wealth Alliance LLC bought a new position in Gray Media in the 3rd quarter valued at $63,000. Oxford Asset Management LLP boosted its position in Gray Media by 147.6% in the 2nd quarter. Oxford Asset Management LLP now owns 29,471 shares of the company’s stock valued at $134,000 after buying an additional 17,566 shares during the last quarter. Finally, State of Wyoming acquired a new stake in shares of Gray Media in the 2nd quarter valued at $139,000. 78.64% of the stock is owned by institutional investors.

Analyst Ratings Changes

GTN has been the subject of a number of recent research reports. Wells Fargo & Company boosted their target price on Gray Media from $5.50 to $6.00 and gave the stock an “equal weight” rating in a research report on Monday, March 2nd. Weiss Ratings reiterated a “sell (d+)” rating on shares of Gray Media in a research report on Monday, December 29th. Barrington Research reissued an “outperform” rating and set a $6.50 price objective on shares of Gray Media in a report on Tuesday, March 3rd. Wall Street Zen upgraded shares of Gray Media from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Finally, Guggenheim raised their target price on shares of Gray Media from $7.00 to $8.00 and gave the company a “buy” rating in a research note on Wednesday, March 4th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Gray Media presently has an average rating of “Hold” and a consensus target price of $8.13.

Gray Media Trading Down 2.2%

Shares of GTN stock traded down $0.11 during trading hours on Friday, reaching $4.74. The company had a trading volume of 128,345 shares, compared to its average volume of 1,454,177. Gray Media Inc. has a 1-year low of $3.13 and a 1-year high of $6.30. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.27 and a quick ratio of 1.27. The firm has a market cap of $483.40 million, a price-to-earnings ratio of -3.36 and a beta of 0.85. The company has a 50 day moving average of $4.72 and a 200 day moving average of $5.01.

Gray Media (NYSE:GTN) last announced its quarterly earnings data on Thursday, February 26th. The company reported ($0.24) EPS for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.04. The business had revenue of $792.00 million during the quarter, compared to analysts’ expectations of $780.50 million. Gray Media had a negative return on equity of 2.51% and a negative net margin of 2.75%.The firm’s quarterly revenue was down 24.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.59 earnings per share. On average, equities research analysts anticipate that Gray Media Inc. will post 3.32 EPS for the current year.

Gray Media Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 6.8%. The ex-dividend date is Friday, March 13th. Gray Media’s payout ratio is presently -22.54%.

Gray Media Profile

Gray Media (NYSE:GTN) is a U.S.-based broadcasting and digital media company that owns and operates a portfolio of local television stations and associated digital platforms. The company’s core business centers on delivering local news, sports and entertainment programming through its network-affiliated broadcast outlets. In addition to traditional over-the-air distribution, Gray Media supports multi-platform video streaming and on-demand services for audiences across its markets.

Gray Media’s television stations carry network programming from major national broadcasters, including ABC, CBS, NBC, Fox and The CW, and often feature locally produced news and public affairs content.