Gray Media Inc. $GTN Shares Sold by Jump Financial LLC

Jump Financial LLC decreased its holdings in shares of Gray Media Inc. (NYSE:GTN) by 85.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 28,960 shares of the company’s stock after selling 168,466 shares during the period. Jump Financial LLC’s holdings in Gray Media were worth $125,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in GTN. Ameriprise Financial Inc. acquired a new stake in shares of Gray Media during the fourth quarter worth about $33,000. Harbor Capital Advisors Inc. boosted its holdings in shares of Gray Media by 157.6% in the first quarter. Harbor Capital Advisors Inc. now owns 8,752 shares of the company’s stock valued at $38,000 after acquiring an additional 5,355 shares in the last quarter. CWM LLC boosted its holdings in shares of Gray Media by 638.5% in the first quarter. CWM LLC now owns 9,615 shares of the company’s stock valued at $42,000 after acquiring an additional 8,313 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of Gray Media by 30.0% in the fourth quarter. Public Employees Retirement System of Ohio now owns 14,146 shares of the company’s stock valued at $45,000 after acquiring an additional 3,262 shares in the last quarter. Finally, Welch Group LLC purchased a new stake in shares of Gray Media in the first quarter valued at about $53,000. Institutional investors and hedge funds own 78.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on GTN. Wells Fargo & Company lifted their target price on shares of Gray Media from $4.50 to $5.00 and gave the company an “equal weight” rating in a report on Monday, August 11th. Benchmark reaffirmed a “buy” rating and issued a $9.00 target price (up previously from $7.00) on shares of Gray Media in a report on Monday, August 11th. Wall Street Zen downgraded shares of Gray Media from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Barrington Research raised shares of Gray Media from a “market perform” rating to an “outperform” rating and set a $6.50 target price on the stock in a report on Monday, August 11th. Finally, Guggenheim lifted their target price on shares of Gray Media from $6.00 to $7.00 and gave the company a “buy” rating in a report on Thursday, August 14th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Gray Media has an average rating of “Moderate Buy” and an average target price of $6.88.

Gray Media Stock Up 0.2%

GTN stock opened at $6.13 on Friday. The company has a market cap of $625.30 million, a P/E ratio of 4.06 and a beta of 1.21. Gray Media Inc. has a 52 week low of $2.91 and a 52 week high of $6.30. The company’s 50-day moving average price is $5.31 and its 200 day moving average price is $4.43. 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 released its quarterly earnings data on Friday, August 8th. The company reported ($0.42) EPS for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.19). The company had revenue of $772.00 million for the quarter, compared to analysts’ expectations of $765.16 million. Gray Media had a return on equity of 10.31% and a net margin of 5.64%.The firm’s quarterly revenue was down 6.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.09 EPS. Gray Media has set its Q3 2025 guidance at EPS. On average, research analysts expect that Gray Media Inc. will post 3.32 earnings per share for the current fiscal year.

Gray Media Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $0.32 dividend on an annualized basis and a yield of 5.2%. Gray Media’s payout ratio is currently 21.19%.

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.