Tegna Inc (NYSE:TGNA).
Canyon Capital Advisors LLC sold 49,400 shares in the previous quarter decreasing its holdings in Tegna Inc by 0.9%. Its position was valued at $75,479,000 a decrease of 8.3% as of the end of the quarter.
These firms have modified their investment in TGNA. As of quarter end First Mercantile Trust Co had acquired a total of 1,580 shares growing its stake by 10.6%. The value of the total investment in Tegna Inc increased from $215,000 to $220,000 a change of 2.3% quarter over quarter. As of the end of the quarter Commonwealth Of Pennsylvania Public School Empls Retrmt SYS had bought 45 shares growing its position 0.1%. The value of the investment in TGNA went from $452,000 to $418,000 decreasing 7.5% for the reporting period.
Raymond James & Associates augmented its position by buying 2,827 shares an increase of 3.4% as of 09/30/2017. Raymond James & Associates controls 86,087 shares worth $1,148,000. The total value of its holdings decreased 4.3%.
On November 1 FBR & Co maintained a stock rating of “Hold” with a current price target of $15.00. Equity analyst Guggenheim released research on TGNA giving it an initial rating of “Buy”.
October 16 investment analysts at Jefferies Group LLC made no change to the company rating of “Hold” targeting a price of $14.00. October 11 investment analysts at Noble Financial reiterated a “Buy” rating on the company.
On September 26 analysts at Royal Bank Of Canada released a research note on TGNA by announcing an initial rating of “Sector Perform”. September 22 investment analysts at Wells Fargo & Company left the stock rating at “Hold” projecting a price of $14.00.
The company is now down since yesterday’s close of 12.23. The P/E ratio is currently 7.84 and the market cap of the company is 2.62B. As of the latest earnings report the EPS was $1.55 with 215.21M shares now outstanding.
Investors are more bearish on Tegna Inc if you take note of the change in short interest. The firm saw a rise in short interest between September 29, 2017 and October 13, 2017 of 9.94%. Short shares increased 1,229,292 over that timeframe. With short interest at 13,590,524 and short average daily volume at 2,035,313, days to cover is 7.0 and the short interest percentage is 0.06% as of October 13.