Lin Media Llc CEO Vincent L. Sadusky Unloads 34,188 Shares (LIN)
Lin Media Llc (NYSE:LIN) CEO Vincent L. Sadusky unloaded 34,188 shares of the stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $24.89, for a total value of $850,939.32. Following the transaction, the chief executive officer now directly owns 969,328 shares in the company, valued at approximately $24,126,574. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Lin Media Llc from an “underperform” rating to a “neutral” rating in a research note on Wednesday, April 16th. They now have a $24.50 price target on the stock. Separately, analysts at Gabelli downgraded shares of Lin Media Llc from a “buy” rating to a “hold” rating in a research note on Monday, March 24th. They now have a $2.60 price target on the stock, down previously from $17.00. Finally, analysts at Wedbush downgraded shares of Lin Media Llc from an “outperform” rating to a “neutral” rating in a research note on Monday, March 24th. They now have a $2.60 price target on the stock, down previously from $32.00. Six analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and a consensus price target of $17.34.
Lin Media Llc (NYSE:LIN) traded down 1.96% during mid-day trading on Tuesday, hitting $24.54. 316,428 shares of the company’s stock traded hands. Lin Media Llc has a one year low of $11.24 and a one year high of $29.24. The stock’s 50-day moving average is $24.75 and its 200-day moving average is $24.61. The company has a market cap of $1.360 billion and a P/E ratio of 8.84.
Lin Media Llc (NYSE:LIN) last announced its earnings results on Monday, April 28th. The company reported $0.03 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.06 by $0.03. The company had revenue of $166.20 million for the quarter, compared to the consensus estimate of $165.37 million. During the same quarter last year, the company posted ($0.02) earnings per share. Lin Media Llc’s revenue was up 17.9% compared to the same quarter last year. On average, analysts predict that Lin Media Llc will post $1.39 earnings per share for the current fiscal year.
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