Amica Pension Fund Board of Trustees maintained its position in Tegna Inc (NYSE:TGNA) during the first quarter, Holdings Channel reports. The institutional investor owned 11,039 shares of the company’s stock at the end of the first quarter. Amica Pension Fund Board of Trustees’ holdings in Tegna were worth $283,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Advisor Group Inc. raised its position in Tegna by 44.6% in the third quarter. Advisor Group Inc. now owns 5,436 shares of the company’s stock worth $115,000 after buying an additional 1,676 shares in the last quarter. Virtus Investment Advisers Inc. purchased a new position in Tegna during the third quarter worth approximately $121,000. Fuller & Thaler Asset Management Inc. raised its position in Tegna by 221.1% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 6,100 shares of the company’s stock worth $133,000 after buying an additional 4,200 shares in the last quarter. Seven Eight Capital LP purchased a new position in Tegna during the fourth quarter worth approximately $178,000. Finally, Ladenburg Thalmann Financial Services Inc. raised its position in Tegna by 7.0% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,552 shares of the company’s stock worth $183,000 after buying an additional 563 shares in the last quarter. 85.01% of the stock is currently owned by institutional investors.
Shares of Tegna Inc (NYSE:TGNA) traded up 3.00% during trading on Friday, reaching $25.75. 3,343,049 shares of the company were exchanged. The stock has a market capitalization of $5.53 billion, a price-to-earnings ratio of 12.97 and a beta of 1.69. Tegna Inc has a one year low of $17.91 and a one year high of $26.65. The company has a 50 day moving average price of $25.57 and a 200-day moving average price of $23.28.
Tegna (NYSE:TGNA) last posted its quarterly earnings data on Monday, February 27th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.08. The firm had revenue of $887.42 million for the quarter, compared to analysts’ expectations of $887.46 million. Tegna had a return on equity of 19.14% and a net margin of 14.33%. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.53 EPS. Equities analysts predict that Tegna Inc will post $1.80 EPS for the current year.
A number of research firms have recently commented on TGNA. FBR & Co reissued an “outperform” rating and issued a $29.00 price target (down previously from $30.00) on shares of Tegna in a research report on Friday. Benchmark Co. lifted their price target on shares of Tegna from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday, February 28th. Jefferies Group LLC reaffirmed a “hold” rating and set a $26.00 target price on shares of Tegna in a research report on Tuesday, February 28th. TheStreet raised shares of Tegna from a “c” rating to a “b” rating in a research report on Thursday, March 30th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $36.00 target price (up previously from $28.00) on shares of Tegna in a research report on Tuesday, March 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $27.67.
In other Tegna news, SVP William A. Behan sold 24,644 shares of the stock in a transaction on Tuesday, March 7th. The stock was sold at an average price of $25.87, for a total transaction of $637,540.28. Following the transaction, the senior vice president now owns 8,005 shares in the company, valued at approximately $207,089.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Howard D. Elias sold 4,883 shares of the stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $26.18, for a total value of $127,836.94. Following the transaction, the director now owns 14,883 shares in the company, valued at approximately $389,636.94. The disclosure for this sale can be found here. Insiders have sold a total of 44,421 shares of company stock worth $1,148,472 in the last quarter. Company insiders own 0.68% of the company’s stock.
Tegna Company Profile
Tegna Inc has a portfolio of media and digital businesses that provide content. The Company’s segments include TEGNA Media (Media) and TEGNA Digital (Digital). As of December 31, 2016, its media business included 46 television stations operating in 38 markets and offered television programming and digital content.
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