Nisa Investment Advisors LLC Increases Position in Gray Media Inc. $GTN

Nisa Investment Advisors LLC increased its stake in Gray Media Inc. (NYSE:GTN) by 215.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 49,280 shares of the company’s stock after acquiring an additional 33,672 shares during the period. Nisa Investment Advisors LLC’s holdings in Gray Media were worth $223,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Capital Management Corp VA grew its position in Gray Media by 19.2% in the first quarter. Capital Management Corp VA now owns 6,867,026 shares of the company’s stock worth $29,666,000 after acquiring an additional 1,103,690 shares in the last quarter. Penn Capital Management Company LLC grew its position in Gray Media by 16.2% in the first quarter. Penn Capital Management Company LLC now owns 2,017,748 shares of the company’s stock worth $8,740,000 after acquiring an additional 281,566 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Gray Media by 60.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,956,635 shares of the company’s stock worth $8,453,000 after acquiring an additional 734,085 shares in the last quarter. Nuveen LLC purchased a new position in Gray Media in the 1st quarter worth $2,876,000. Finally, Russell Investments Group Ltd. raised its position in Gray Media by 17.7% in the 1st quarter. Russell Investments Group Ltd. now owns 496,295 shares of the company’s stock worth $2,144,000 after purchasing an additional 74,696 shares during the period. 78.64% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on GTN shares. 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. Benchmark reiterated 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. Barrington Research reiterated an “outperform” rating and issued a $6.50 target price on shares of Gray Media in a research report on Tuesday, September 23rd. Weiss Ratings lowered shares of Gray Media from a “hold (c-)” rating to a “sell (d+)” rating in a report on Saturday, October 25th. Finally, Wall Street Zen downgraded shares of Gray Media from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Gray Media has an average rating of “Hold” and an average target price of $6.88.

Gray Media Trading Up 0.4%

Shares of GTN opened at $4.59 on Tuesday. The firm’s 50-day moving average price is $5.41 and its 200-day moving average price is $4.80. The firm has a market capitalization of $468.58 million, a price-to-earnings ratio of 3.04 and a beta of 1.17. 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 Inc. has a 1-year low of $2.91 and a 1-year high of $6.30.

Gray Media (NYSE:GTN) last announced 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 company had revenue of $772.00 million for the quarter, compared to the consensus estimate of $765.16 million. Gray Media had a net margin of 5.64% and a return on equity of 10.31%. The company’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.09 EPS. Gray Media has set its Q3 2025 guidance at EPS. Sell-side analysts anticipate that Gray Media Inc. will post 3.32 EPS for the current year.

Gray Media Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 7.0%. The ex-dividend date was Monday, September 15th. Gray Media’s dividend payout ratio is 21.19%.

Insiders Place Their Bets

In other Gray Media news, Director Richard Lee Boger sold 20,000 shares of the company’s stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $5.82, for a total value of $116,400.00. Following the sale, the director owned 61,343 shares in the company, valued at approximately $357,016.26. This represents a 24.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 15.22% of the company’s stock.

Gray Media 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.