Jump Financial LLC Sells 1,451 Shares of Gray Television, Inc. (NYSE:GTN)

Jump Financial LLC trimmed its position in shares of Gray Television, Inc. (NYSE:GTNFree Report) by 1.6% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 90,548 shares of the company’s stock after selling 1,451 shares during the quarter. Jump Financial LLC’s holdings in Gray Television were worth $627,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Capital Management Corp VA purchased a new position in Gray Television in the second quarter worth $17,570,000. Baupost Group LLC MA purchased a new stake in shares of Gray Television during the first quarter worth about $28,491,000. UBS Group AG grew its stake in Gray Television by 46.1% during the 1st quarter. UBS Group AG now owns 3,063,320 shares of the company’s stock valued at $26,712,000 after acquiring an additional 966,251 shares in the last quarter. Norges Bank purchased a new stake in Gray Television during the 4th quarter valued at about $9,115,000. Finally, Vaughan Nelson Investment Management L.P. grew its stake in shares of Gray Television by 57.2% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,571,212 shares of the company’s stock valued at $12,381,000 after buying an additional 571,452 shares during the period. 77.01% of the stock is owned by institutional investors.

Gray Television Trading Up 3.7 %

Gray Television stock opened at $7.74 on Friday. The company has a debt-to-equity ratio of 3.08, a quick ratio of 1.20 and a current ratio of 1.20. Gray Television, Inc. has a 1 year low of $5.97 and a 1 year high of $13.73. The firm’s 50-day moving average is $8.87 and its 200-day moving average is $8.02. The company has a market cap of $738.38 million, a P/E ratio of 10.60, a PEG ratio of 0.22 and a beta of 1.70.

Gray Television (NYSE:GTNGet Free Report) last announced its earnings results on Wednesday, November 8th. The company reported ($0.57) EPS for the quarter, missing the consensus estimate of ($0.31) by ($0.26). The firm had revenue of $803.00 million during the quarter, compared to analyst estimates of $798.46 million. Gray Television had a return on equity of 5.78% and a net margin of 3.41%. The business’s quarterly revenue was down 11.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.03 earnings per share. On average, equities analysts expect that Gray Television, Inc. will post -1.34 earnings per share for the current year.

Analyst Ratings Changes

GTN has been the subject of several analyst reports. TheStreet cut shares of Gray Television from a “c” rating to a “d+” rating in a research note on Friday, November 10th. Wells Fargo & Company dropped their price target on shares of Gray Television from $7.00 to $6.00 and set an “underweight” rating for the company in a research note on Thursday, November 9th. Finally, StockNews.com upgraded shares of Gray Television to a “sell” rating in a report on Thursday, December 14th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $12.60.

Get Our Latest Analysis on GTN

About Gray Television

(Free Report)

Gray Television, Inc, a television broadcasting company, owns and/or operates television stations and digital assets in the United States. It also broadcasts secondary digital channels affiliated to ABC, CBS, NBC, and FOX, as well as various other networks and program services, including CW Plus Network, MY Network, the MeTV Network, Circle, Antenna TV, Telemundo, and Cozi; and local news/weather channels in various markets.

See Also

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Institutional Ownership by Quarter for Gray Television (NYSE:GTN)

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