Lin Media Llc VP Denise M. Parent Unloads 91,110 Shares (LIN)
Lin Media Llc (NYSE:LIN) VP Denise M. Parent sold 91,110 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $23.36, for a total transaction of $2,128,329.60. Following the completion of the transaction, the vice president now directly owns 145,517 shares in the company, valued at approximately $3,399,277. The transaction was disclosed in a filing with the SEC, which is available at this link.
Lin Media Llc (NYSE:LIN) traded up 1.20% during mid-day trading on Wednesday, hitting $23.70. The stock had a trading volume of 579,184 shares. Lin Media Llc has a 52-week low of $16.42 and a 52-week high of $29.24. The stock has a 50-day moving average of $24.92 and a 200-day moving average of $24.79. The company has a market cap of $1.318 billion and a price-to-earnings ratio of 8.01.
Lin Media Llc (NYSE:LIN) last released its earnings data on Tuesday, August 5th. The company reported $0.20 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.24 by $0.04. The company had revenue of $188.80 million for the quarter, compared to the consensus estimate of $190.05 million. The company’s quarterly revenue was up 14.9% on a year-over-year basis. Analysts expect that Lin Media Llc will post $0.99 EPS for the current fiscal year.
A number of analysts have recently weighed in on LIN shares. Analysts at Evercore Partners downgraded shares of Lin Media Llc from an “overweight” rating to an “equal weight” rating in a research note on Monday, August 25th. They now have a $26.00 price target on the stock, down previously from $28.00. Analysts at Zacks downgraded shares of Lin Media Llc from an “outperform” rating to a “neutral” rating in a research note on Wednesday, July 23rd. They now have a $29.70 price target on the stock. Six investment analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and an average target price of $17.98.
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