Swiss National Bank raised its position in Gray Television, Inc. (NYSE:GTN) by 25.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 138,800 shares of the company’s stock after acquiring an additional 28,000 shares during the quarter. Swiss National Bank’s holdings in Gray Television were worth $2,325,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the business. SG Americas Securities LLC purchased a new position in shares of Gray Television during the 3rd quarter valued at approximately $163,000. Macquarie Group Ltd. purchased a new position in shares of Gray Television during the 3rd quarter valued at approximately $166,000. Stifel Financial Corp purchased a new position in shares of Gray Television during the 3rd quarter valued at approximately $175,000. Advisor Group Inc. boosted its stake in shares of Gray Television by 109.3% during the 3rd quarter. Advisor Group Inc. now owns 11,932 shares of the company’s stock valued at $187,000 after buying an additional 6,232 shares during the last quarter. Finally, Pitcairn Co. purchased a new position in shares of Gray Television during the 3rd quarter valued at approximately $209,000. 85.42% of the stock is owned by institutional investors.
In related news, EVP Kevin Paul Latek sold 97,634 shares of the firm’s stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $16.96, for a total transaction of $1,655,872.64. Following the transaction, the executive vice president now directly owns 219,706 shares in the company, valued at $3,726,213.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 12.00% of the company’s stock.
Gray Television, Inc. (NYSE GTN) opened at $13.65 on Friday. Gray Television, Inc. has a one year low of $11.70 and a one year high of $17.80. The stock has a market capitalization of $1,205.77, a price-to-earnings ratio of 12.71, a P/E/G ratio of 1.76 and a beta of 2.53. The company has a debt-to-equity ratio of 1.84, a quick ratio of 5.08 and a current ratio of 5.08.
Gray Television (NYSE:GTN) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.15. Gray Television had a return on equity of 11.91% and a net margin of 29.67%. The firm had revenue of $233.60 million for the quarter, compared to analysts’ expectations of $232.24 million. During the same period last year, the business posted $0.49 earnings per share. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. analysts predict that Gray Television, Inc. will post 1.78 EPS for the current fiscal year.
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Gray Television Company Profile
Gray Television, Inc is a television broadcast company. The Company owns and operates television stations and digital assets in various markets across the United States. As of February 21, 2017, the Company owned and/or operated television stations in 54 television markets broadcasting over 200 separate programming streams, including 37 affiliates of the CBS Network (CBS), 29 affiliates of the NBC Network (NBC), 20 affiliates of the ABC Network (ABC) and 15 affiliates of the FOX Network (FOX).
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