Lingohr & Partner Asset Management GmbH lifted its stake in shares of Tegna Inc (NYSE:TGNA) by 20.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 83,795 shares of the company’s stock after purchasing an additional 14,100 shares during the period. Lingohr & Partner Asset Management GmbH’s holdings in Tegna were worth $1,180,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of TGNA. Point72 Asset Management L.P. acquired a new position in shares of Tegna during the third quarter valued at approximately $110,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Tegna by 523.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,337 shares of the company’s stock worth $138,000 after purchasing an additional 8,678 shares during the period. Beacon Investment Advisory Services Inc. acquired a new position in Tegna in the 3rd quarter worth approximately $162,000. Quantbot Technologies LP acquired a new position in Tegna in the 3rd quarter worth approximately $169,000. Finally, State of Alaska Department of Revenue acquired a new stake in shares of Tegna during the 4th quarter valued at $177,000. Institutional investors and hedge funds own 99.91% of the company’s stock.

A number of brokerages have issued reports on TGNA. Zacks Investment Research lowered shares of Tegna from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. Wells Fargo & Co raised shares of Tegna from a “market perform” rating to an “outperform” rating and set a $19.00 target price for the company in a research note on Thursday, January 4th. ValuEngine raised shares of Tegna from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Noble Financial reissued a “buy” rating on shares of Tegna in a research note on Tuesday, December 19th. Finally, B. Riley reissued a “neutral” rating on shares of Tegna in a research note on Wednesday, November 1st. Three analysts have rated the stock with a sell rating, four have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $18.50.

In related news, EVP Todd A. Mayman sold 36,830 shares of Tegna stock in a transaction on Friday, November 10th. The shares were sold at an average price of $12.63, for a total value of $465,162.90. Following the transaction, the executive vice president now owns 19,420 shares in the company, valued at approximately $245,274.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Clifton A. Mcclelland III sold 7,740 shares of Tegna stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $13.69, for a total transaction of $105,960.60. Following the completion of the transaction, the senior vice president now owns 32,335 shares in the company, valued at approximately $442,666.15. The disclosure for this sale can be found here. 0.81% of the stock is currently owned by company insiders.

Shares of Tegna Inc (TGNA) remained flat at $$15.03 during trading hours on Friday. 1,261,500 shares of the company’s stock traded hands, compared to its average volume of 2,335,025. The company has a market cap of $3,234.54, a price-to-earnings ratio of 11.22, a price-to-earnings-growth ratio of 7.56 and a beta of 1.72. The company has a debt-to-equity ratio of 4.30, a quick ratio of 1.37 and a current ratio of 1.37. Tegna Inc has a 52 week low of $11.59 and a 52 week high of $17.08.

Tegna (NYSE:TGNA) last released its quarterly earnings results on Wednesday, November 8th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. The business had revenue of $464.26 million for the quarter, compared to the consensus estimate of $463.23 million. Tegna had a net margin of 11.10% and a return on equity of 20.50%. Tegna’s revenue for the quarter was down 10.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.65 EPS. research analysts expect that Tegna Inc will post 1.08 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Friday, December 8th were issued a dividend of $0.07 per share. The ex-dividend date was Thursday, December 7th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.86%. Tegna’s dividend payout ratio is currently 20.90%.

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Tegna Company Profile

Tegna Inc has a portfolio of media and digital businesses that provide content. The Company’s segments include TEGNA Media (Media) and TEGNA Digital (Digital). As of December 31, 2016, its media business included 46 television stations operating in 38 markets and offered television programming and digital content.

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Institutional Ownership by Quarter for Tegna (NYSE:TGNA)

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