Russell Investments Group Ltd. Purchases 9,274 Shares of TEGNA Inc. $TGNA

Russell Investments Group Ltd. lifted its position in TEGNA Inc. (NYSE:TGNA) by 7.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 137,639 shares of the company’s stock after purchasing an additional 9,274 shares during the quarter. Russell Investments Group Ltd. owned 0.09% of TEGNA worth $2,507,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. HighTower Advisors LLC grew its holdings in shares of TEGNA by 6.8% in the 1st quarter. HighTower Advisors LLC now owns 80,984 shares of the company’s stock worth $1,476,000 after purchasing an additional 5,150 shares during the last quarter. Public Sector Pension Investment Board grew its holdings in shares of TEGNA by 48.7% in the 1st quarter. Public Sector Pension Investment Board now owns 596,868 shares of the company’s stock worth $10,875,000 after purchasing an additional 195,396 shares during the last quarter. Nuveen LLC bought a new stake in shares of TEGNA in the 1st quarter worth about $15,492,000. Measured Wealth Private Client Group LLC bought a new stake in shares of TEGNA in the 1st quarter worth about $405,000. Finally, Deutsche Bank AG grew its holdings in TEGNA by 383.6% during the 1st quarter. Deutsche Bank AG now owns 756,941 shares of the company’s stock worth $13,791,000 after acquiring an additional 600,407 shares during the last quarter. Institutional investors own 92.19% of the company’s stock.

TEGNA Stock Performance

TEGNA stock opened at $21.0650 on Monday. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.82. TEGNA Inc. has a 1 year low of $13.44 and a 1 year high of $21.19. The company has a market cap of $3.39 billion, a PE ratio of 7.58 and a beta of 0.28. The company’s 50-day moving average is $17.54 and its two-hundred day moving average is $17.29.

TEGNA (NYSE:TGNA) last released its earnings results on Thursday, August 7th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.06. TEGNA had a net margin of 14.99% and a return on equity of 16.20%. The company had revenue of $675.05 million for the quarter, compared to the consensus estimate of $673.92 million. During the same period in the prior year, the company posted $0.50 EPS. The company’s revenue was down 5.0% compared to the same quarter last year. TEGNA has set its Q3 2025 guidance at EPS. Equities analysts anticipate that TEGNA Inc. will post 3.02 earnings per share for the current year.

Analyst Ratings Changes

TGNA has been the topic of a number of research analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of TEGNA from $19.00 to $18.00 and set a “neutral” rating on the stock in a report on Wednesday, May 21st. Wells Fargo & Company reissued an “overweight” rating and set a $22.00 price objective (up previously from $21.00) on shares of TEGNA in a report on Sunday, August 10th. Benchmark decreased their price objective on shares of TEGNA from $21.00 to $20.00 and set a “buy” rating on the stock in a report on Tuesday, May 6th. Finally, Guggenheim reissued a “neutral” rating and set a $19.00 price objective on shares of TEGNA in a report on Friday. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $19.75.

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.