Lin Media Llc VP Sells $325,198 in Stock (LIN)
Lin Media Llc (NYSE:LIN) VP Denise M. Parent sold 13,134 shares of the company’s stock on the open market in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $24.76, for a total value of $325,197.84. Following the sale, the vice president now directly owns 145,517 shares of the company’s stock, valued at approximately $3,603,001. 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 company currently has an average rating of “Hold” and a consensus price target of $17.34.
Shares of Lin Media Llc (NYSE:LIN) traded down 1.96% on Tuesday, hitting $24.54. 316,428 shares of the company’s stock traded hands. Lin Media Llc has a 52 week low of $11.24 and a 52 week high of $29.24. The stock has a 50-day moving average of $24.75 and a 200-day moving average of $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 posted its quarterly earnings results 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.
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