Chicago Equity Partners LLC Has $3.11 Million Holdings in Gray Television, Inc. (GTN)

Chicago Equity Partners LLC raised its position in shares of Gray Television, Inc. (NYSE:GTN) by 407.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 177,695 shares of the company’s stock after buying an additional 142,705 shares during the quarter. Chicago Equity Partners LLC owned 0.20% of Gray Television worth $3,110,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of GTN. Aperio Group LLC purchased a new stake in Gray Television during the second quarter valued at about $177,000. Xact Kapitalforvaltning AB purchased a new stake in Gray Television during the first quarter valued at about $187,000. Financial Counselors Inc. purchased a new stake in Gray Television during the third quarter valued at about $194,000. HRT Financial LLC purchased a new stake in Gray Television during the second quarter valued at about $225,000. Finally, Sei Investments Co. lifted its stake in Gray Television by 14,941.7% during the second quarter. Sei Investments Co. now owns 16,245 shares of the company’s stock valued at $257,000 after buying an additional 16,137 shares in the last quarter. 88.60% of the stock is owned by institutional investors.

A number of analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Gray Television from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a research report on Friday. ValuEngine lowered shares of Gray Television from a “buy” rating to a “hold” rating in a research report on Sunday, October 28th. Barrington Research reissued an “outperform” rating on shares of Gray Television in a research report on Monday, July 16th. Noble Financial reissued a “buy” rating on shares of Gray Television in a research report on Wednesday. Finally, Benchmark increased their price target on shares of Gray Television from $28.00 to $29.00 and gave the stock a “buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $22.25.

NYSE GTN opened at $19.66 on Friday. The company has a quick ratio of 4.69, a current ratio of 4.69 and a debt-to-equity ratio of 1.74. The company has a market capitalization of $1.64 billion, a PE ratio of 16.80, a P/E/G ratio of 0.92 and a beta of 2.23. Gray Television, Inc. has a 52-week low of $10.70 and a 52-week high of $20.24.

Gray Television (NYSE:GTN) last posted its quarterly earnings results on Tuesday, November 6th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.09. Gray Television had a net margin of 29.12% and a return on equity of 15.28%. The business had revenue of $279.00 million during the quarter, compared to analyst estimates of $276.52 million. During the same period in the prior year, the firm earned $0.21 earnings per share. The firm’s revenue was up 27.4% compared to the same quarter last year. Sell-side analysts predict that Gray Television, Inc. will post 2.01 EPS for the current fiscal year.

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Gray Television Profile

Gray Television, Inc, a television broadcast company, owns and operates television stations and digital assets in the United States. As of February 23, 2018, the company owned and operated television stations in 57 television markets broadcasting approximately 200 program streams, including approximately 100 channels affiliated with the CBS Network, the NBC Network, the ABC Network, and the FOX Network.

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Institutional Ownership by Quarter for Gray Television (NYSE:GTN)

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