Tegna, which used to be Gannett, has seen its target price dropped by at least one analyst group. Institutional investors have bought and sold shares of the company.
Jefferies Group reduced Tegna’s target price from $26 to $25 and has a “hold” rating on the stock.
Ladenburg Thalmann Financial Services Inc. raised its position in Tegna by 4.1% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,312 shares of the company’s stock valued at $195,000 after buying an additional 330 shares during the period. Seven Eight Capital LLC raised its position in shares of Tegna by 58,666.7% in the first quarter. Seven Eight Capital LLC now owns 8,815 shares of the company’s stock valued at $207,000 after buying an additional 8,800 shares during the last quarter.
Sentry Investment Management LLC raised its position in shares of Tegna by 84.6% in the first quarter. Sentry Investment Management LLC now owns 8,916 shares of the company’s stock valued at $209,000 after buying an additional 4,086 shares during the last quarter. BlueMountain Capital Management LLC purchased a new position in shares of Tegna during the first quarter valued at about $230,000. Finally, Conning Inc. raised its position in shares of Tegna by 1.1% in the second quarter. Conning Inc. now owns 9,978 shares of the company’s stock valued at $231,000 after buying an additional 110 shares during the last quarter.
The broadcaster released its quarterly earnings this week, reporting revenue of $811.79 million for the quarter, compared to analyst estimates of $814.56 million. During the same quarter last year, the company earned $0.30 earnings per share.
