AMG Funds LLC increased its holdings in Tegna Inc (NYSE:TGNA) by 10.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 144,212 shares of the company’s stock after acquiring an additional 13,558 shares during the quarter. Tegna comprises approximately 1.1% of AMG Funds LLC’s portfolio, making the stock its 27th biggest position. AMG Funds LLC’s holdings in Tegna were worth $2,031,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in TGNA. Cerebellum GP LLC purchased a new position in Tegna during the fourth quarter valued at $104,000. Point72 Asset Management L.P. purchased a new position in Tegna during the third quarter valued at $110,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Tegna by 523.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,337 shares of the company’s stock valued at $138,000 after buying an additional 8,678 shares during the period. Conning Inc. purchased a new position in Tegna during the fourth quarter valued at $147,000. Finally, Outfitter Advisors LTD. purchased a new position in Tegna during the fourth quarter valued at $159,000. 99.27% of the stock is owned by institutional investors.

Tegna Inc (NYSE TGNA) opened at $13.34 on Friday. The company has a debt-to-equity ratio of 4.30, a current ratio of 1.37 and a quick ratio of 1.37. The stock has a market capitalization of $2,880.00, a PE ratio of 8.61, a PEG ratio of 6.55 and a beta of 1.50. Tegna Inc has a 52-week low of $11.59 and a 52-week high of $26.65.

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

Several equities analysts have commented on the company. Zacks Investment Research lowered Tegna from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. Jefferies Group reissued a “hold” rating and set a $14.00 price objective on shares of Tegna in a research report on Monday, October 16th. ValuEngine raised Tegna from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Guggenheim assumed coverage on Tegna in a research report on Wednesday, October 18th. They set a “buy” rating and a $17.00 price objective for the company. Finally, B. Riley reissued a “neutral” rating on shares of Tegna in a research report on Wednesday, November 1st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Tegna has an average rating of “Hold” and an average target price of $18.22.

In other news, SVP Clifton A. Mcclelland III sold 7,740 shares of Tegna stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $13.69, for a total value of $105,960.60. Following the completion of the transaction, the senior vice president now owns 32,335 shares of the company’s stock, valued at approximately $442,666.15. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.81% of the stock is owned by insiders.

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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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