Russell Investments Group Ltd. Boosts Stock Position in Gray Media Inc. $GTN

Russell Investments Group Ltd. grew its stake in shares of Gray Media Inc. (NYSE:GTN) by 17.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 496,295 shares of the company’s stock after acquiring an additional 74,696 shares during the period. Russell Investments Group Ltd. owned 0.49% of Gray Media worth $2,144,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in GTN. Wells Fargo & Company MN lifted its position in shares of Gray Media by 13.6% during the fourth quarter. Wells Fargo & Company MN now owns 53,242 shares of the company’s stock worth $168,000 after acquiring an additional 6,367 shares in the last quarter. Barclays PLC raised its position in shares of Gray Media by 9.6% in the fourth quarter. Barclays PLC now owns 298,486 shares of the company’s stock worth $940,000 after buying an additional 26,214 shares in the last quarter. Mariner LLC raised its position in shares of Gray Media by 18.7% in the fourth quarter. Mariner LLC now owns 21,740 shares of the company’s stock worth $68,000 after buying an additional 3,419 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Gray Media by 23.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 116,998 shares of the company’s stock worth $369,000 after buying an additional 22,367 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in shares of Gray Media in the fourth quarter worth $820,000. Hedge funds and other institutional investors own 78.64% of the company’s stock.

Gray Media Stock Down 0.4%

Shares of NYSE:GTN opened at $6.0450 on Tuesday. The stock’s 50-day moving average price is $5.00 and its 200-day moving average price is $4.30. Gray Media Inc. has a 12-month low of $2.91 and a 12-month high of $6.16. The stock has a market capitalization of $617.13 million, a P/E ratio of 4.00 and a beta of 1.20. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 2.56.

Gray Media (NYSE:GTN) last announced its quarterly earnings data on Friday, August 8th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.19). Gray Media had a net margin of 5.64% and a return on equity of 10.31%. The company had revenue of $772.00 million for the quarter, compared to the consensus estimate of $765.16 million. During the same period last year, the business posted $0.09 earnings per share. The firm’s quarterly revenue was down 6.5% compared to the same quarter last year. Gray Media has set its Q3 2025 guidance at EPS. On average, equities analysts anticipate that Gray Media Inc. will post 3.32 earnings per share for the current year.

Gray Media Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $0.32 annualized dividend and a dividend yield of 5.3%. Gray Media’s dividend payout ratio (DPR) is presently 21.19%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Barrington Research upgraded Gray Media from a “market perform” rating to an “outperform” rating and set a $6.50 price objective on the stock in a research report on Monday, August 11th. Wall Street Zen downgraded Gray Media from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Guggenheim increased their price objective on Gray Media from $6.00 to $7.00 and gave the stock a “buy” rating in a research report on Thursday, August 14th. Wells Fargo & Company raised their price target on Gray Media from $4.50 to $5.00 and gave the company an “equal weight” rating in a research report on Monday, August 11th. Finally, Benchmark restated a “buy” rating and set a $9.00 price target (up previously from $7.00) on shares of Gray Media in a research report on Monday, August 11th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $6.88.

Insider Activity

In other Gray Media news, CFO Jeffrey R. Gignac bought 12,500 shares of the business’s stock in a transaction that occurred on Thursday, June 5th. The shares were bought at an average cost of $3.68 per share, with a total value of $46,000.00. Following the completion of the purchase, the chief financial officer directly owned 644,599 shares of the company’s stock, valued at $2,372,124.32. This trade represents a 1.98% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 15.22% of the stock is owned by insiders.

Gray Media Company Profile

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, Circle, Telemundo, THE365, and Outlaw; and local news/weather channels in various markets.