Lin Media Llc CFO Sells $465,347 in Stock (LIN)
Lin Media Llc (NYSE:LIN) CFO Richard J. Schmaeling unloaded 18,764 shares of the stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $24.80, for a total value of $465,347.20. Following the completion of the sale, the chief financial officer now directly owns 216,111 shares in the company, valued at approximately $5,359,553. The sale was disclosed in a filing with the SEC, which is available at this link.
Lin Media Llc (NYSE:LIN) traded down 1.96% during mid-day trading on Tuesday, hitting $24.54. The stock had a trading volume of 316,428 shares. Lin Media Llc has a 52-week low of $11.24 and a 52-week 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 price-to-earnings ratio of 8.84.
Lin Media Llc (NYSE:LIN) last released its earnings data on Monday, April 28th. The company reported $0.03 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted ($0.02) earnings per share. The company’s quarterly revenue was up 17.9% on a year-over-year basis. Analysts expect that Lin Media Llc will post $1.39 EPS for the current fiscal year.
A number of research firms have recently commented on LIN. 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 company presently has a consensus rating of “Hold” and a consensus target price of $17.34.
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