Shares of Gray Television Inc. (NYSE:GTN) shot up 1.7% during trading on Thursday . The company traded as high as $10.97 and last traded at $10.83, with a volume of 289,180 shares trading hands. The stock had previously closed at $10.65.

A number of brokerages recently commented on GTN. Wells Fargo & Co. reaffirmed a “buy” rating on shares of Gray Television in a research report on Tuesday, May 24th. Zacks Investment Research lowered Gray Television from a “buy” rating to a “hold” rating in a research report on Wednesday, May 11th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $19.25.

The company has a market capitalization of $799.27 million and a PE ratio of 19.11. The company has a 50 day moving average price of $11.30 and a 200 day moving average price of $12.20.

Gray Television (NYSE:GTN) last posted its quarterly earnings results on Monday, May 9th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.08. During the same quarter in the previous year, the company earned $0.10 earnings per share. The business had revenue of $173.70 million for the quarter, compared to analysts’ expectations of $178.05 million. The business’s quarterly revenue was up 30.3% on a year-over-year basis. On average, equities research analysts predict that Gray Television Inc. will post $1.74 earnings per share for the current fiscal year.

Several hedge funds have recently bought and sold shares of GTN. State Board of Administration of Florida Retirement System raised its stake in Gray Television by 1.6% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 63,322 shares of the company’s stock worth $1,032,000 after buying an additional 985 shares in the last quarter. Rhumbline Advisers raised its stake in Gray Television by 8.0% in the fourth quarter. Rhumbline Advisers now owns 63,365 shares of the company’s stock worth $1,033,000 after buying an additional 4,700 shares in the last quarter. Engineers Gate Manager LP purchased a new stake in Gray Television during the fourth quarter worth $1,236,000. Stephens Inc. AR purchased a new stake in Gray Television during the fourth quarter worth $1,243,000. Finally, California State Teachers Retirement System raised its stake in Gray Television by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 117,010 shares of the company’s stock worth $1,907,000 after buying an additional 2,115 shares in the last quarter.

Gray Television, Inc is a television broadcast company. The Company owns and operates television stations and digital assets in markets across the United States. The Company owns and/or operates television stations in approximately 50 television markets broadcasting over 180 separate programming streams, including approximately 40 affiliates of the CBS Network (CBS), over 30 affiliates of the NBC Network (NBC), approximately 20 affiliates of the ABC Network (ABC) and over 10 affiliates of the FOX Network (FOX).

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