Kingsview Wealth Management LLC Purchases Shares of 107,937 Gray Television, Inc. (NYSE:GTN)

Kingsview Wealth Management LLC purchased a new stake in Gray Television, Inc. (NYSE:GTN - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 107,937 shares of the company's stock, valued at approximately $340,000. Kingsview Wealth Management LLC owned about 0.11% of Gray Television at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of GTN. SG Americas Securities LLC purchased a new stake in Gray Television in the 3rd quarter valued at $149,000. Creative Planning purchased a new stake in Gray Television in the 3rd quarter valued at $56,000. nVerses Capital LLC raised its position in Gray Television by 180.4% in the 3rd quarter. nVerses Capital LLC now owns 14,300 shares of the company's stock valued at $77,000 after buying an additional 9,200 shares during the last quarter. Nisa Investment Advisors LLC increased its position in shares of Gray Television by 17,363.6% during the 3rd quarter. Nisa Investment Advisors LLC now owns 32,133 shares of the company's stock valued at $172,000 after purchasing an additional 31,949 shares during the last quarter. Finally, Capital Management Corp VA increased its position in shares of Gray Television by 27.6% during the 3rd quarter. Capital Management Corp VA now owns 5,408,269 shares of the company's stock valued at $28,988,000 after purchasing an additional 1,170,990 shares during the last quarter. 78.64% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Gray Television

In other news, EVP Kevin Paul Latek sold 150,216 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $4.37, for a total transaction of $656,443.92. Following the completion of the transaction, the executive vice president now owns 509,212 shares in the company, valued at approximately $2,225,256.44. This represents a 22.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.80% of the stock is owned by corporate insiders.

Gray Television Stock Performance

Shares of GTN stock traded up $0.11 on Monday, hitting $3.96. 1,060,813 shares of the stock were exchanged, compared to its average volume of 1,055,545. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.76. The firm has a market capitalization of $394.19 million, a PE ratio of 2.64 and a beta of 1.41. Gray Television, Inc. has a one year low of $2.91 and a one year high of $8.66. The firm's 50 day moving average is $3.54 and its two-hundred day moving average is $4.48.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on GTN. Benchmark decreased their target price on Gray Television from $11.00 to $8.00 and set a "buy" rating for the company in a research report on Monday, November 11th. Barrington Research raised Gray Television to a "hold" rating in a research report on Thursday, November 14th. StockNews.com raised Gray Television from a "sell" rating to a "hold" rating in a research report on Monday, November 11th. Finally, Guggenheim decreased their target price on Gray Television from $10.00 to $8.00 and set a "buy" rating for the company in a research report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $6.67.

Gray Television Profile

Gray Television, Inc, a television broadcasting company, owns and/or operates television stations and digital assets in the United States. It also broadcasts secondary digital channels affiliated to ABC, CBS, NBC, and FOX, as well as various other networks and program services, including CW Plus Network, MY Network, the MeTV Network, Circle, Telemundo, THE365, and Outlaw; and local news/weather channels in various markets.