Three Seasons Wealth LLC Buys Shares of 27,786 TEGNA Inc. (NYSE:TGNA)

Three Seasons Wealth LLC bought a new position in shares of TEGNA Inc. (NYSE:TGNA - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 27,786 shares of the company's stock, valued at approximately $512,000.

A number of other institutional investors have also made changes to their positions in TGNA. Hancock Whitney Corp increased its position in shares of TEGNA by 170.4% in the 4th quarter. Hancock Whitney Corp now owns 89,688 shares of the company's stock worth $1,640,000 after purchasing an additional 56,520 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of TEGNA by 6.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 154,792 shares of the company's stock valued at $2,832,000 after purchasing an additional 9,568 shares during the period. Pinebridge Investments L.P. increased its stake in shares of TEGNA by 42.7% in the fourth quarter. Pinebridge Investments L.P. now owns 112,024 shares of the company's stock valued at $2,049,000 after purchasing an additional 33,512 shares during the period. Hsbc Holdings PLC increased its stake in shares of TEGNA by 122.2% in the fourth quarter. Hsbc Holdings PLC now owns 71,723 shares of the company's stock valued at $1,318,000 after purchasing an additional 39,451 shares during the period. Finally, State of Tennessee Department of Treasury acquired a new stake in shares of TEGNA in the fourth quarter valued at approximately $1,250,000. 92.19% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. StockNews.com lowered shares of TEGNA from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Guggenheim decreased their price target on shares of TEGNA from $22.00 to $20.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, TEGNA currently has an average rating of "Moderate Buy" and a consensus target price of $21.25.

TEGNA Trading Up 1.2 %

TEGNA stock traded up $0.19 during midday trading on Monday, reaching $16.35. The stock had a trading volume of 1,057,768 shares, compared to its average volume of 2,018,895. The firm's fifty day simple moving average is $17.23 and its two-hundred day simple moving average is $17.72. TEGNA Inc. has a twelve month low of $12.35 and a twelve month high of $19.62. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.60 and a quick ratio of 2.60. The firm has a market cap of $2.63 billion, a price-to-earnings ratio of 5.78 and a beta of 0.25.

TEGNA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 7th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date was Friday, March 7th. TEGNA's dividend payout ratio is 14.12%.

TEGNA Profile

TEGNA Inc, a media company, provides broadcast advertising and marketing products and services for businesses. The company operates 47 television stations in 39 markets of the United States that produce local programming, such as news, sports, and entertainment. It offers local and national non-political advertising; political advertising; production of programming from third parties; production of advertising materials; and digital marketing services, as well as advertising services on the stations' Websites, tablets, and mobile products.