Gray Television Inc. (NYSE:GTN) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $9.91 and last traded at $10.04, with a volume of 577,498 shares traded. The stock had previously closed at $10.29.

Several equities research analysts have issued reports on the company. Wells Fargo & Co. reissued a “buy” rating on shares of Gray Television in a research note on Tuesday, May 24th. Zacks Investment Research raised Gray Television from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research note on Monday, April 25th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Gray Television has an average rating of “Buy” and an average price target of $18.75.

The company has a 50-day moving average of $11.04 and a 200-day moving average of $11.79. The stock has a market capitalization of $711.58 million and a price-to-earnings ratio of 17.01.

Gray Television (NYSE:GTN) last announced its quarterly earnings results on Monday, May 9th. The company reported $0.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.08. During the same period last year, the firm earned $0.10 EPS. The firm had revenue of $173.70 million for the quarter, compared to analysts’ expectations of $178.05 million. Gray Television’s revenue was up 30.3% compared to the same quarter last year. Equities research analysts predict that Gray Television Inc. will post $1.72 EPS for the current year.

Several large investors have recently made changes to their positions in the company. Century Capital Management LLC purchased a new stake in shares of Gray Television during the fourth quarter valued at approximately $3,748,000. Victory Capital Management Inc. raised its stake in 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 during the last quarter. Monarch Partners Asset Management LLC raised its stake in 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 during the last quarter. California Public Employees Retirement System raised its stake in 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 during the last quarter. 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 during 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).

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.