TEGNA (TGNA) Stock Price Down 5.1%

Lloyd Doyle
April 23, 2018

And its good to know that the higher that percentage, the more the company retains on each dollar of sales, to service its other costs and the debt obligations, and TEGNA Inc. On Monday, March 5 Barclays Capital maintained the shares of TGNA in report with "Underweight" rating. Morgan Stanley increased its position in Tegna by 229.7% in the third quarter. Fairpointe Capital LLC raised its position in shares of TEGNA by 10.9% during the 4th quarter.

Looking about the past performance history, the company jumped 4.48% for the last five trades and exhausted -5.49% in one month period. Schroder Investment Management Group now owns 7,802,625 shares of the company's stock worth $109,861,000 after purchasing an additional 3,991,060 shares during the period.

In total 7 analysts cover TEGNA Inc (NYSE:TGNA). Ellington Management Group LLC purchased a new position in TEGNA during the 4th quarter worth $887,000. TGNA is downtrending and has moved 29.94% since April 21, 2017. The Company kept a record of 215.10 million floated shares and 215.82 million shares outstanding. The recent trading activity has given its price a change of -31.06% to its 50 Day High and 11.00% move versus to its 50 Day Low. The stock has a market cap of $2,350.07, a PE ratio of 10.37, a P/E/G ratio of 5.24 and a beta of 1.57.

Media coverage about TEGNA (NYSE:TGNA) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.31 by $0.01. TEGNA had a net margin of 20.74% and a return on equity of 19.56%. The company had revenue of $480.45 million during the quarter, compared to analyst estimates of $491.79 million. TEGNA presently has a consensus rating of "Hold" and a consensus target price of $15.56.

The firm also recently declared a quarterly dividend, which was paid on Monday, April 2nd. Investors of record on Friday, March 9th were paid a $0.07 dividend. The ex-dividend date of this dividend was Thursday, March 8th. In Tuesday, December 19 report Noble Financial maintained the stock with "Buy" rating.

Analysts mean target price for TEGNA Inc. On the upside, financial stocks rose 1.5%, supported by a rise in the 10-year U.S. Treasury Note's yield, as well as by some strong results, including from American Express Co. and Bank of New York Mellon Helping stocks in the final hour of trading was a Bloomberg report that President Donald Trump had been told he wasn't a target of special counsel Robert Mueller's probe, news that seemed to lessen some of the political uncertainty swirling around markets. Finally, B. Riley lowered their price target on TEGNA from $17.00 to $16.00 and set a "neutral" rating for the company in a report on Tuesday, March 20th.

While looking at the Stock's Performance, TEGNA Inc. now shows a Weekly Performance of 4.48%, where Monthly Performance is -5.49%, Quarterly performance is -25.48%, 6 Months performance is -10.97% and yearly performance percentage is -32.35%. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company.

Analyst recommendation for this stock stands at 2.20.

In other news, COO Lynn B. Trelstad sold 3,112 shares of the business's stock in a transaction dated Wednesday, March 7th. After this sale, 28,679 common shares of TGNA are directly owned by the insider, with total stake valued at $321,205. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Year to Date performance value (YTD perf) value is -20.45%. The company maintains price to book ratio of 2.43. The disclosure for this sale can be found here. The stock deteriorated -25.48% during the past three month period and discounted -10.97% in half year.

TEGNA Inc., a media company, operates a portfolio of broadcast stations and digital sites; and provides marketing service solutions for businesses.The firm is worth $2.29 billion. The firm operates 46 television stations in 38 markets that produce local programming, such as news, sports, and entertainment.8.44 is the P/E ratio.

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