TEGNA Inc. (NYSE:TGNA) Shares Bought by EMC Capital Management

EMC Capital Management lifted its holdings in TEGNA Inc. (NYSE:TGNAFree Report) by 257.7% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,095 shares of the company’s stock after purchasing an additional 11,595 shares during the period. EMC Capital Management’s holdings in TEGNA were worth $235,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Vaughan Nelson Investment Management L.P. increased its stake in shares of TEGNA by 2.5% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 2,415,296 shares of the company’s stock worth $35,191,000 after buying an additional 58,870 shares during the period. UBS Group AG increased its position in shares of TEGNA by 135.0% in the 3rd quarter. UBS Group AG now owns 189,443 shares of the company’s stock valued at $2,760,000 after purchasing an additional 108,825 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in shares of TEGNA in the 3rd quarter valued at approximately $97,000. Herold Advisors Inc. purchased a new stake in shares of TEGNA in the 3rd quarter valued at approximately $165,000. Finally, Chase Investment Counsel Corp purchased a new stake in shares of TEGNA in the 3rd quarter valued at approximately $737,000. Institutional investors and hedge funds own 89.99% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on TGNA shares. Wells Fargo & Company lowered their price objective on TEGNA from $17.00 to $15.00 and set an “equal weight” rating for the company in a research report on Friday. Benchmark reiterated a “buy” rating and set a $22.00 target price on shares of TEGNA in a research report on Monday, October 30th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $17.00 target price on shares of TEGNA in a research report on Wednesday, December 6th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $19.00.

View Our Latest Analysis on TGNA

Insider Transactions at TEGNA

In related news, CEO David T. Lougee sold 100,000 shares of TEGNA stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $15.38, for a total value of $1,538,000.00. Following the sale, the chief executive officer now directly owns 786,262 shares in the company, valued at $12,092,709.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CEO David T. Lougee sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $15.38, for a total value of $1,538,000.00. Following the completion of the transaction, the chief executive officer now directly owns 786,262 shares of the company’s stock, valued at approximately $12,092,709.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David T. Lougee sold 150,000 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $15.21, for a total value of $2,281,500.00. Following the completion of the transaction, the chief executive officer now directly owns 636,262 shares of the company’s stock, valued at $9,677,545.02. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

TEGNA Price Performance

TEGNA stock opened at $14.60 on Tuesday. TEGNA Inc. has a 12 month low of $13.65 and a 12 month high of $22.29. The company has a debt-to-equity ratio of 1.04, a current ratio of 3.47 and a quick ratio of 3.47. The business has a 50 day simple moving average of $15.32 and a 200-day simple moving average of $15.43. The stock has a market capitalization of $2.88 billion, a PE ratio of 5.16 and a beta of 0.54.

TEGNA Profile

(Free Report)

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.

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Institutional Ownership by Quarter for TEGNA (NYSE:TGNA)

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