TEGNA Inc. (NYSE:TGNA) Shares Sold by Centiva Capital LP

Centiva Capital LP decreased its position in shares of TEGNA Inc. (NYSE:TGNA - Free Report) by 66.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,000 shares of the company's stock after selling 30,191 shares during the quarter. Centiva Capital LP's holdings in TEGNA were worth $237,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of TGNA. Harbor Capital Advisors Inc. acquired a new stake in TEGNA during the 3rd quarter valued at approximately $28,000. Headlands Technologies LLC lifted its position in TEGNA by 48.2% during the second quarter. Headlands Technologies LLC now owns 4,520 shares of the company's stock valued at $63,000 after purchasing an additional 1,470 shares during the period. CWM LLC lifted its position in TEGNA by 146.3% during the second quarter. CWM LLC now owns 4,614 shares of the company's stock valued at $64,000 after purchasing an additional 2,741 shares during the period. Blue Trust Inc. boosted its holdings in TEGNA by 247.8% in the second quarter. Blue Trust Inc. now owns 4,702 shares of the company's stock valued at $70,000 after purchasing an additional 3,350 shares during the last quarter. Finally, US Bancorp DE grew its position in TEGNA by 20.4% during the 3rd quarter. US Bancorp DE now owns 4,503 shares of the company's stock worth $71,000 after purchasing an additional 764 shares during the period. Hedge funds and other institutional investors own 92.19% of the company's stock.

Insiders Place Their Bets

In other news, COO Lynn B. Trelstad sold 25,000 shares of TEGNA stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $16.40, for a total value of $410,000.00. Following the sale, the chief operating officer now directly owns 154,617 shares of the company's stock, valued at $2,535,718.80. The trade was a 13.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.88% of the stock is owned by company insiders.

TEGNA Price Performance

TGNA stock traded down $0.02 during mid-day trading on Thursday, reaching $18.66. 1,103,754 shares of the company's stock were exchanged, compared to its average volume of 2,182,517. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.60 and a quick ratio of 2.60. TEGNA Inc. has a 12-month low of $12.35 and a 12-month high of $19.62. The stock's 50 day moving average is $17.45 and its 200 day moving average is $15.46. The company has a market cap of $3.01 billion, a price-to-earnings ratio of 6.59 and a beta of 0.52.

TEGNA (NYSE:TGNA - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.83 by $0.11. The company had revenue of $806.83 million during the quarter, compared to analyst estimates of $795.72 million. TEGNA had a net margin of 16.75% and a return on equity of 14.49%. The firm's revenue was up 13.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.39 EPS. On average, research analysts expect that TEGNA Inc. will post 3.02 EPS for the current year.

TEGNA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 6th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.68%. The ex-dividend date of this dividend is Friday, December 6th. TEGNA's payout ratio is 17.67%.

Analysts Set New Price Targets

TGNA has been the topic of a number of recent research reports. StockNews.com downgraded TEGNA from a "buy" rating to a "hold" rating in a research note on Saturday, November 23rd. Benchmark boosted their price target on TEGNA from $21.00 to $23.00 and gave the company a "buy" rating in a report on Friday, November 8th. Finally, JPMorgan Chase & Co. lifted their target price on shares of TEGNA from $16.00 to $19.00 and gave the company a "neutral" rating in a report on Tuesday, November 12th.

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.