Economy

TEGNA Inc. (TGNA) Downgraded by BidaskClub

According to TEGNA Inc.'s latest 13F filing with the US Securities and Exchange Commission (SEC), institutional ownership is at 99.08%. Squarepoint Ops LLC now owns 214,161 shares with a value of $3,086,000. AHL Partners LLP claims 144,486 shares with a value of $2,082,000. Finally, Diamond Hill Capital Management Inc. grew its holdings in shares of TEGNA by 31.7% during the second quarter. Ltd. now owns 28,193 shares of the company's stock valued at $722,000 after buying an additional 153 shares during the period.

BidaskClub downgraded shares of TEGNA Inc. Advantus Capital Management has an ownership of 21,442 company stock worth at $549,000 following purchasing an extra 95 shares through out the previous quarter, Nomura Asset Management increased its position in TEGNA by 0.5% through out the 1st period.

Empirical Finance purchased a fresh position in stocks of TEGNA (NYSE:TGNA) through out the 2nd period, based on the latest document with the SEC. the company purchased 70,675 company stock worth at roughly $1,019,000. HPM Partners LLC increased its position in shares of TEGNA by 0.6% during the second quarter. Vaughan Nelson Investment Management L.P. bought a new position in TEGNA during the second quarter worth $24,986,000. Finally, State Street Corp grew its holdings in shares of TEGNA by 1.0% during the first quarter. Mason Street Advisors LLC now owns 29,672 shares of the company's stock valued at $760,000 after buying an additional 341 shares during the period.

Other large investors have also recently bought and sold shares of the company.

TRADEMARK VIOLATION WARNING: This piece was originally reported by StockNewsTimes and is owned by of StockNewsTimes. "(NYSE:TGNA) Stock" was reported by Week Herald and is owned by of Week Herald. If you are viewing this report on another publication, it was illegally copied and reposted in violation of United States & worldwide trademark & copyright laws. The correct version of this piece of content can be read at https://www.dispatchtribunal.com/2017/09/21/federated-investors-inc-pa-has-1-44-million-holdings-in-tegna-inc-tgna.html.

Several brokerages have recently commented on TGNA. ValuEngine lifted TEGNA from a "hold" recommendation to a "buy" recommendation in a study on Thurs, Jul 27th. Noble Financial reaffirmed a "buy" rating on shares of TEGNA in a report on Thursday, July 13th. Benchmark reiterated a "buy" recommendation and fixed a $20.00 target price on the stock of TEGNA in a note on Fri, Jun 16th. TheStreet cut TEGNA from a "b" recommendation to a "c+" recommendation in a study on Thurs, Jul 13th.

Other analysts also recently issued research reports about the company. TEGNA presently has a consensus rating of "Hold" and an average target price of $19.79. As of the latest earnings report the EPS was $0.82 and is expected to be $1.09 for the current year with 215,115,000 shares now outstanding.

TEGNA (NYSE TGNA) traded down 1.95% during trading on Wednesday, reaching $12.55. The company had a trading volume of 139,118 shares.

Shares last traded at $12.24 a bit lower than the 50 day moving average which is $12.85 and which is well below the 200 day moving average of $14.81.

TEGNA (NYSE:TGNA) last issued its quarterly earnings data on Tuesday, August 1st. Next quarter's EPS is estimated at $0.32 and the next full year EPS is projected to be $1.63. The business had revenue of $489.36 million for the quarter, compared to analyst estimates of $486.29 million. Lastly, Barclays reiterated an "underweight" recommendation and fixed a $13.00 price objective (down from $20.00) on stocks of TEGNA in a note on Mon, Jun 5th. The business's revenue for the quarter was up 2.6% compared to the same quarter past year. Equities research analysts expect that TEGNA will post $1.09 earnings per share for the current fiscal year. Shareholders of record on Friday, September 8th will be issued a dividend of $0.07 per share. The ex-dividend date is Thursday, September 7th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.26%.

Tegna Inc has a portfolio of media and digital businesses that provide content.



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