Gray Television Inc. (NYSE:GTN)’s share price was down 2.4% during mid-day trading on Tuesday . The stock traded as low as $10.47 and last traded at $10.72, with a volume of 495,553 shares trading hands. The stock had previously closed at $10.98.

Several equities analysts recently issued reports on GTN shares. Zacks Investment Research raised shares of Gray Television from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a report on Tuesday, March 29th. Wells Fargo & Co. reissued a “buy” rating on shares of Gray Television in a report on Tuesday, May 24th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Gray Television has a consensus rating of “Buy” and a consensus target price of $18.75.

The firm has a 50-day moving average price of $11.17 and a 200 day moving average price of $11.84. The company has a market capitalization of $759.02 million and a P/E ratio of 18.14.

Gray Television (NYSE:GTN) last released its quarterly earnings data on Monday, May 9th. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.08. During the same period last year, the company posted $0.10 EPS. The company had revenue of $173.70 million for the quarter, compared to analysts’ expectations of $178.05 million. The business’s revenue for the quarter was up 30.3% compared to the same quarter last year. On average, analysts anticipate that Gray Television Inc. will post $1.73 EPS for the current year.

Other institutional investors have made changes to their positions in the company. Century Capital Management LLC acquired a new position in shares of Gray Television during the fourth quarter worth approximately $3,748,000. Victory Capital Management Inc. increased its position in shares of Gray Television by 10.3% in the fourth quarter. Victory Capital Management Inc. now owns 1,494,585 shares of the company’s stock worth $24,362,000 after buying an additional 139,875 shares in the last quarter. Monarch Partners Asset Management LLC increased its position in shares of Gray Television by 88.6% in the fourth quarter. Monarch Partners Asset Management LLC now owns 203,850 shares of the company’s stock worth $3,323,000 after buying an additional 95,750 shares in the last quarter. Stephens Inc. AR acquired a new position in shares of Gray Television during the fourth quarter worth approximately $1,243,000. Finally, California Public Employees Retirement System increased its position in shares of Gray Television by 12.6% in the fourth quarter. California Public Employees Retirement System now owns 208,500 shares of the company’s stock worth $3,399,000 after buying an additional 23,300 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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