Segall Bryant & Hamill LLC Has $5.58 Million Stock Holdings in TEGNA Inc. (NYSE:TGNA)

Segall Bryant & Hamill LLC raised its holdings in TEGNA Inc. (NYSE:TGNA) by 0.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 353,586 shares of the company’s stock after acquiring an additional 2,599 shares during the period. Segall Bryant & Hamill LLC’s holdings in TEGNA were worth $5,580,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of TGNA. LSV Asset Management raised its position in shares of TEGNA by 29.5% during the second quarter. LSV Asset Management now owns 8,024,562 shares of the company’s stock worth $111,862,000 after acquiring an additional 1,827,471 shares during the last quarter. Vanguard Group Inc. raised its holdings in TEGNA by 5.8% during the 1st quarter. Vanguard Group Inc. now owns 26,798,623 shares of the company’s stock worth $400,371,000 after purchasing an additional 1,471,691 shares during the last quarter. Millennium Management LLC raised its holdings in TEGNA by 395.9% during the 2nd quarter. Millennium Management LLC now owns 930,722 shares of the company’s stock worth $12,974,000 after purchasing an additional 743,052 shares during the last quarter. Empowered Funds LLC lifted its position in shares of TEGNA by 757.4% in the 3rd quarter. Empowered Funds LLC now owns 662,417 shares of the company’s stock worth $10,453,000 after purchasing an additional 585,156 shares during the period. Finally, Squarepoint Ops LLC boosted its stake in shares of TEGNA by 132.9% in the 2nd quarter. Squarepoint Ops LLC now owns 916,760 shares of the company’s stock valued at $12,780,000 after purchasing an additional 523,120 shares during the last quarter. Institutional investors own 92.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on TGNA shares. JPMorgan Chase & Co. boosted their target price on shares of TEGNA from $16.00 to $19.00 and gave the company a “neutral” rating in a report on Tuesday, November 12th. StockNews.com downgraded TEGNA from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Benchmark raised their target price on TEGNA from $21.00 to $23.00 and gave the stock a “buy” rating in a research note on Friday, November 8th.

Insider Transactions at TEGNA

In related news, COO Lynn B. Trelstad sold 25,000 shares of the firm’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $13.88, for a total value of $347,000.00. Following the transaction, the chief operating officer now owns 179,617 shares of the company’s stock, valued at approximately $2,493,083.96. This trade represents a 12.22 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.88% of the stock is owned by insiders.

TEGNA Stock Up 1.1 %

Shares of NYSE TGNA opened at $18.72 on Friday. TEGNA Inc. has a 12-month low of $12.35 and a 12-month high of $19.62. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 1.07. The firm has a market cap of $3.02 billion, a PE ratio of 6.61 and a beta of 0.49. The company’s fifty day simple moving average is $16.38 and its 200 day simple moving average is $15.06.

TEGNA (NYSE:TGNA) last issued its earnings results on Thursday, November 7th. The company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.83 by $0.11. TEGNA had a return on equity of 14.49% and a net margin of 16.75%. The company had revenue of $806.83 million during the quarter, compared to the consensus estimate of $795.72 million. During the same period last year, the business posted $0.39 EPS. The firm’s revenue for the quarter was up 13.1% compared to the same quarter last year. As a group, sell-side analysts forecast that TEGNA Inc. will post 3.02 earnings per share for the current fiscal year.

TEGNA Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th will be issued a dividend of $0.125 per share. The ex-dividend date is Friday, December 6th. This represents a $0.50 annualized dividend and a dividend yield of 2.67%. TEGNA’s dividend payout ratio is 17.67%.

TEGNA Profile

TEGNA Inc, a media company, provides broadcast advertising and marketing products and services for businesses. The company operates 47 television stations in 39 markets of the United States that produce local programming, such as news, sports, and entertainment. It offers local and national non-political advertising; political advertising; production of programming from third parties; production of advertising materials; and digital marketing services, as well as advertising services on the stations' Websites, tablets, and mobile products.