XTX Topco Ltd Invests $841,000 in Gray Television, Inc. (NYSE:GTN)

XTX Topco Ltd purchased a new stake in shares of Gray Television, Inc. (NYSE:GTN - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 266,978 shares of the company's stock, valued at approximately $841,000. XTX Topco Ltd owned about 0.27% of Gray Television at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Norges Bank bought a new position in Gray Television in the fourth quarter valued at about $2,170,000. ExodusPoint Capital Management LP bought a new position in Gray Television in the fourth quarter worth approximately $1,261,000. Capital Management Corp VA lifted its holdings in shares of Gray Television by 6.6% in the fourth quarter. Capital Management Corp VA now owns 5,763,336 shares of the company's stock valued at $18,155,000 after purchasing an additional 355,067 shares in the last quarter. EntryPoint Capital LLC boosted its holdings in Gray Television by 925.7% during the fourth quarter. EntryPoint Capital LLC now owns 169,670 shares of the company's stock worth $534,000 after purchasing an additional 153,128 shares during the last quarter. Finally, Barclays PLC grew its stake in Gray Television by 114.4% in the 3rd quarter. Barclays PLC now owns 272,272 shares of the company's stock valued at $1,460,000 after purchasing an additional 145,263 shares during the period. Institutional investors own 78.64% of the company's stock.

Gray Television Trading Up 2.3 %

Shares of GTN traded up $0.08 during midday trading on Tuesday, hitting $3.28. The stock had a trading volume of 224,390 shares, compared to its average volume of 1,410,476. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market cap of $332.55 million, a PE ratio of 2.18 and a beta of 1.08. The stock's 50 day moving average is $3.97 and its 200 day moving average is $4.16. Gray Television, Inc. has a 1 year low of $2.91 and a 1 year high of $7.41.

Gray Television (NYSE:GTN - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported $1.59 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.59. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.04 billion. Gray Television had a return on equity of 9.60% and a net margin of 5.69%. As a group, analysts forecast that Gray Television, Inc. will post 3.32 EPS for the current fiscal year.

Gray Television Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a $0.08 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.32 annualized dividend and a dividend yield of 9.77%. Gray Television's dividend payout ratio (DPR) is presently 9.61%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Wells Fargo & Company upgraded shares of Gray Television from an "underweight" rating to an "equal weight" rating and set a $4.00 target price on the stock in a research note on Monday, March 3rd. Guggenheim cut their target price on Gray Television from $8.00 to $7.00 and set a "buy" rating on the stock in a research note on Monday, March 10th. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $6.33.

Insider Transactions at Gray Television

In other news, Director Richard Lee Boger sold 16,000 shares of the business's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $3.85, for a total transaction of $61,600.00. Following the transaction, the director now owns 55,347 shares of the company's stock, valued at approximately $213,085.95. The trade was a 22.43 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 15.22% of the company's stock.

Gray Television Company 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.