TEGNA Inc (NYSE:TGNA) Experiences Heavier than Usual Trading Volume

Lloyd Doyle
September 21, 2017

Of those insider trades, 0 shares of TEGNA Inc. were purchased and 0 shares were sold. AHL Partners LLP claims 144,486 shares with a value of $2,082,000. Advantus Capital Management Inc increased its position in shares of TEGNA by 0.4% during the first quarter. Vanguard Group Inc. grew its position in TEGNA by 1.1% in the first quarter. OppenheimerFunds Inc. now owns 15,799 shares of the company's stock valued at $405,000 after buying an additional 67 shares during the period. Diamond Hill Capital Management Inc. now owns 11,120,237 shares of the company's stock valued at $160,243,000 after buying an additional 2,676,789 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of TEGNA by 90.5% during the second quarter.

COPYRIGHT VIOLATION WARNING: This report was originally reported by TrueBlueTribune and is the sole property of of TrueBlueTribune. TEGNA has a 52 week low of $11.46 and a 52 week high of $17.06. the firms 50 day SMA is $12.78 and its 200 SMA is $14.78. the share has a valuation of $2.73 B, a PE book ratio of 15.53 along with a stock beta of 1.76. Gwm Advisors LLC divested its ownership by selling 18,387 shares a decrease of 93.3%. Diamond Hill Capital Management Inc. boosted its stake in TEGNA by 31.7% during the second quarter. Hedge funds and other institutional investors own 98.00% of the company's stock.

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. "(NYSE:TGNA) Stock" was reported by Week Herald and is owned by of Week Herald. If you are viewing this piece on another website, it was illegally stolen and reposted in violation of U.S. & global trademark and copyright law. The legal version of this report can be viewed at https://www.truebluetribune.com/2017/09/21/tegna-inc-tgna-upgraded-to-hold-by-zacks-investment-research.html. The firm has "Buy" rating by Noble Financial given on Wednesday, July 12.

Other analysts also recently issued research reports about the company.

The average Wall Street analyst rating for TEGNA Inc.is Hold, according to the average of 9 analyst scores.

The company is so far trading down by 0.16% percent from yesterday's close. (NYSE:TGNA) from a hold rating to a sell rating in a research note issued to investors on Tuesday, September 12th. TEGNA presently has a consensus rating of "Hold" and an average target price of $19.79.

(NYSE:TGNA) shares saw heavy trading volume with 3,006K shares changing hands in the last trading session. The stock of Tegna Inc (NYSE:TGNA) earned "Mkt Perform" rating by FBR Capital on Friday, July 28. BlackRock Inc. now owns 13,306,717 shares of the company's stock worth $340,917,000 after acquiring an additional 12,896,690 shares in the last quarter.

TEGNA (NYSE:TGNA) last issued its quarterly earnings data on Tuesday, August 1st. During the same period in the previous year, the business posted $0.50 EPS. Next quarter's EPS is expected be $0.32 and the next full year EPS is anticipated to be $1.63. TEGNA's quarterly revenue was up 2.6% compared to the same quarter a year ago. Equities research analysts expect that TEGNA will post $1.09 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. This dividend amount will represent a yield of $2.21. The ex-dividend date is Thursday the 7th of September 2017. TEGNA's dividend payout ratio is 16.97%.

Tegna Inc., launched on February 23, 1972, includes a portfolio of media and digital businesses that provide content.

Several institutional investors and hedge funds have recently made changes to their positions in the company. The Company operates through TEGNA Media (Media Segment) and TEGNA Digital (Digital Segment) segments. 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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