Robeco Institutional Asset Management B.V. Purchases 135,502 Shares of TEGNA Inc. (NYSE:TGNA)

Robeco Institutional Asset Management B.V. lifted its stake in shares of TEGNA Inc. (NYSE:TGNA - Free Report) by 56.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 374,181 shares of the company's stock after purchasing an additional 135,502 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.22% of TEGNA worth $5,905,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Harbor Capital Advisors Inc. acquired a new position in TEGNA during the 3rd quarter valued at about $28,000. US Bancorp DE boosted its position in shares of TEGNA by 20.4% during the third quarter. US Bancorp DE now owns 4,503 shares of the company's stock worth $71,000 after buying an additional 764 shares during the period. Integrated Advisors Network LLC bought a new position in TEGNA in the 3rd quarter worth approximately $235,000. Nisa Investment Advisors LLC increased its position in TEGNA by 33.3% in the 3rd quarter. Nisa Investment Advisors LLC now owns 70,270 shares of the company's stock valued at $1,118,000 after acquiring an additional 17,547 shares during the period. Finally, State of Alaska Department of Revenue increased its holdings in shares of TEGNA by 411.8% during the third quarter. State of Alaska Department of Revenue now owns 94,404 shares of the company's stock valued at $1,489,000 after purchasing an additional 75,959 shares during the period. Institutional investors own 92.19% of the company's stock.

TEGNA Trading Down 2.5 %

Shares of TGNA stock traded down $0.49 during trading hours on Friday, reaching $18.83. 3,444,783 shares of the stock traded hands, compared to its average volume of 1,524,076. The business has a fifty day moving average price of $15.61 and a 200 day moving average price of $14.79. TEGNA Inc. has a 1-year low of $12.35 and a 1-year high of $19.62. The company has a quick ratio of 2.58, a current ratio of 2.58 and a debt-to-equity ratio of 1.10. The firm has a market capitalization of $3.12 billion, a PE ratio of 6.65 and a beta of 0.49.

TEGNA (NYSE:TGNA - Get Free Report) last released its earnings results on Thursday, November 7th. The company reported $0.94 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 return on equity of 11.57% and a net margin of 15.51%. The company's revenue for the quarter was up 13.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.39 earnings per share. On average, equities research analysts forecast that TEGNA Inc. will post 3.07 EPS for the current year.

Insider Buying and Selling at TEGNA

In related news, COO Lynn B. Trelstad sold 25,000 shares of the firm's stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $16.40, for a total transaction of $410,000.00. Following the completion of the sale, the chief operating officer now directly owns 154,617 shares in the company, valued at approximately $2,535,718.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 50,016 shares of company stock valued at $757,218 in the last 90 days. 0.88% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, Benchmark boosted their target price on TEGNA from $21.00 to $23.00 and gave the stock a "buy" rating in a report on Friday.

TEGNA Company 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.