wnol.info August 21 2017


Capital Fund Management S.A. Cuts Stake in Tegna Inc (TGNA)

August 21 2017, 06:40 | Alonzo Simpson

Capital Fund Management S.A. Cuts Stake in Tegna Inc (TGNA)

Capital Fund Management S.A. Cuts Stake in Tegna Inc (TGNA)

Ltd. now owns 32,946 shares of the company's stock worth $844,000 after buying an additional 1,624 shares during the last quarter. (TGNA) has the trading volume of 7.91 Million shares with the average trading volume of 4330 shares. Cipher Capital LP acquired a new stake in Tegna during the fourth quarter worth about $321,000. FMR LLC now owns 1,700,168 shares of the company's stock worth $36,366,000 after buying an additional 728,426 shares in the last quarter. Morgan Stanley boosted its stake in shares of Tegna by 229.7% in the third quarter. UBS Group AG now owns 186,172 shares of the company's stock worth $4,069,000 after buying an additional 11,360 shares in the last quarter. The institutional investor owned 13,200 shares of the company's stock after selling 300 shares during the period.

Tegna (NYSE TGNA) opened at 14.945 on Thursday. The stock notched a 12-month high of $25.38 while $28.00 target is by far the most aggressive out of analysts who are now evaluating the company, $2.62 higher than the next highest 52-week price estimate. One of the more popular combinations is to use the 50-day and 200-day moving averages. The company has a market cap of $3.13 billion, a price-to-earnings ratio of 7.776 and a beta of 1.69.

More notable recent Tegna Inc (NYSE:TGNA) news were published by: Businesswire.com which released: "TEGNA Inc". The company reported $0.33 EPS for the quarter, meeting analysts' consensus estimates of $0.33.

The deeper check for the directional and trending momentum of a stock in reference of returns measured through ordinary profitability ratios: TEGNA Inc. Revenue for the quarter also did not kill consensus, coming in at $778.47M, compared to the consensus of 801.39M.

Tegna Inc (NYSE:TGNA)'s revenue estimates for the current quarter are $831760 according to 5 number of analysts, for the current quarter the company has high revenue estimates of $837000 in contradiction of low revenue estimates of $824200. Equities research analysts anticipate that Tegna will post $1.67 EPS for the current year. Moreover, Marshwinds Advisory Communication has 0.13% invested in Gannett Co Inc (NYSE:GCI) for 12,336 shares.

In other news, SVP William A. Behan sold 24,644 shares of the stock in a transaction dated Tuesday, March 7th. Therefore, earning yield also took as a right indicator for investment decision, as TGNA contains dividend yield of 2.34%. Tegna's dividend payout ratio (DPR) is now 26.67%.

"WARNING: "[[title]]" was first published by [[site]] and is owned by of [[site]]. If you are accessing this report on another site, it was illegally copied and republished in violation of U.S. and worldwide trademark and copyright laws. The original version of this piece can be accessed at [[permalink]]. Finally, TheStreet raised Tegna from a "c" rating to a "b" rating in a report on Thursday, March 30th. The stock of Gannett Co Inc (NYSE:GCI) has "Hold" rating given on Tuesday, September 8 by Argus Research. maintained the shares of GCI in report on Monday, October 10 with "Hold" rating. The company presently has a consensus rating of "Hold" and a consensus price target of $27.67. The stock was sold at an average price of $25.87, for a total transaction of $637,540.28. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.68% of the company's stock.

TEGNA delivers results for advertisers through unparalleled and innovative solutions including OTT local advertising network Premion, centralized marketing resource Hatch, and G/O Digital, a one-stop shop for local businesses to connect with consumers through digital marketing. ("TEGNA") and announces the appointment of seven members to the company's first board of directors as a public company.

Before becoming president and CEO, Lougee was president of Tegna Media, overseeing 46 broadcast stations in 38 markets.



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