Public Employees Retirement System of Ohio Purchases 14,079 Shares of Gray Media Inc. $GTN

Public Employees Retirement System of Ohio lifted its position in shares of Gray Media Inc. (NYSE:GTN) by 80.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,633 shares of the company’s stock after acquiring an additional 14,079 shares during the period. Public Employees Retirement System of Ohio’s holdings in Gray Media were worth $143,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in GTN. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Gray Media by 49.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 357,198 shares of the company’s stock valued at $1,125,000 after acquiring an additional 117,827 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Gray Media by 122.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 110,170 shares of the company’s stock valued at $347,000 after acquiring an additional 60,618 shares in the last quarter. Harbor Capital Advisors Inc. increased its position in shares of Gray Media by 157.6% during 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. HBK Sorce Advisory LLC increased its position in shares of Gray Media by 118.8% during the first quarter. HBK Sorce Advisory LLC now owns 26,578 shares of the company’s stock valued at $115,000 after acquiring an additional 14,430 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in Gray Media by 42.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 451,435 shares of the company’s stock worth $1,950,000 after purchasing an additional 133,632 shares during the period. Institutional investors own 78.64% of the company’s stock.

Analysts Set New Price Targets

GTN has been the subject of a number of research analyst reports. Guggenheim lifted their target price on shares of 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 lifted their target price on shares of Gray Media from $4.50 to $5.00 and gave the stock an “equal weight” rating in a research report on Monday, August 11th. Wall Street Zen downgraded shares of Gray Media from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Gray Media in a research report on Saturday, September 27th. Finally, Benchmark reaffirmed a “buy” rating and issued a $9.00 target price (up previously from $7.00) on shares of Gray Media in a research report on Monday, August 11th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $6.88.

Gray Media Trading Down 1.7%

Shares of GTN stock opened at $5.56 on Wednesday. Gray Media Inc. has a 1 year low of $2.91 and a 1 year high of $6.30. The firm has a fifty day moving average price of $5.59 and a 200-day moving average price of $4.67. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.87 and a quick ratio of 0.87. The company has a market cap of $567.11 million, a price-to-earnings ratio of 3.68 and a beta of 1.17.

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

Gray Media Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were issued a $0.08 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $0.32 annualized dividend and a yield of 5.8%. Gray Media’s dividend payout ratio is currently 21.19%.

Insiders Place Their Bets

In related news, Director Richard Lee Boger sold 20,000 shares of the company’s stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $5.82, for a total value of $116,400.00. Following the completion of the transaction, the director owned 61,343 shares of the company’s stock, valued at approximately $357,016.26. This represents a 24.59% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 15.22% of the company’s stock.

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.