Gray Television (NYSE:GTN) PT Lowered to $15.00

Gray Television (NYSE:GTNGet Rating) had its price objective cut by equities research analysts at Barrington Research from $25.00 to $15.00 in a research report issued on Thursday, The Fly reports. Barrington Research’s target price suggests a potential upside of 43.54% from the company’s current price.

Several other equities analysts also recently issued reports on the company. StockNews.com upgraded Gray Television from a “sell” rating to a “hold” rating in a research report on Monday, November 7th. Stephens reduced their price objective on Gray Television from $18.00 to $12.00 and set an “equal weight” rating for the company in a research report on Monday, November 7th. Finally, Wells Fargo & Company downgraded Gray Television from an “overweight” rating to an “underweight” rating and reduced their price objective for the stock from $25.00 to $7.00 in a research report on Wednesday.

Gray Television Stock Up 3.6 %

NYSE:GTN opened at $10.45 on Thursday. The firm has a market capitalization of $972.83 million, a PE ratio of 3.97, a price-to-earnings-growth ratio of 0.19 and a beta of 1.65. The stock has a 50 day moving average of $15.29 and a 200-day moving average of $17.58. Gray Television has a 52 week low of $8.61 and a 52 week high of $24.81. The company has a current ratio of 2.09, a quick ratio of 2.54 and a debt-to-equity ratio of 3.41.

Insiders Place Their Bets

In related news, Director Richard Lee Boger acquired 4,000 shares of the business’s stock in a transaction dated Monday, November 7th. The stock was bought at an average price of $9.10 per share, for a total transaction of $36,400.00. Following the transaction, the director now owns 45,538 shares of the company’s stock, valued at $414,395.80. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 4.80% of the stock is currently owned by insiders.

Institutional Trading of Gray Television

Several large investors have recently added to or reduced their stakes in the company. Dakota Wealth Management increased its stake in shares of Gray Television by 10.6% in the third quarter. Dakota Wealth Management now owns 12,528 shares of the company’s stock worth $179,000 after acquiring an additional 1,205 shares during the last quarter. Credit Suisse AG boosted its holdings in Gray Television by 2.1% during the third quarter. Credit Suisse AG now owns 73,320 shares of the company’s stock valued at $1,051,000 after acquiring an additional 1,509 shares during the period. Bank of Montreal Can bought a new stake in Gray Television during the third quarter valued at about $2,860,000. Channing Capital Management LLC boosted its holdings in Gray Television by 3.1% during the third quarter. Channing Capital Management LLC now owns 3,639,650 shares of the company’s stock valued at $52,120,000 after acquiring an additional 109,933 shares during the period. Finally, New York State Common Retirement Fund boosted its holdings in Gray Television by 0.5% during the third quarter. New York State Common Retirement Fund now owns 1,529,614 shares of the company’s stock valued at $21,904,000 after acquiring an additional 8,072 shares during the period. 80.61% of the stock is owned by institutional investors and hedge funds.

Gray Television Company Profile

(Get Rating)

Gray Television, Inc, a television broadcasting company, owns and/or operates television stations and digital assets in the United States. It also broadcasts secondary digital channels affiliated to ABC, CBS, NBC, and FOX, as well as various other networks and program services, including CW Plus Network, MY Network, the MeTV Network, Justice, This TV Network, Antenna TV, Telemundo, Cozi, Heroes and Icons, and MOVIES! Network; and local news/weather channels in various markets.

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