The stock of Gray Television, Inc. (NYSE:GTN) is a huge mover today! About 2.01 million shares traded hands or 140.45% up from the average. Gray Television, Inc. (NYSE:GTN) has declined 14.81% since February 26, 2016 and is downtrending. It has underperformed by 25.23% the S&P500.
The move comes after 7 months positive chart setup for the $731.47 million company. It was reported on Oct, 1 by Barchart.com. We have $14.59 PT which if reached, will make NYSE:GTN worth $314.53M more.
Analysts await Gray Television, Inc. (NYSE:GTN) to report earnings on November, 1. They expect $0.47 earnings per share, up 161.11% or $0.29 from last year’s $0.18 per share. GTN’s profit will be $33.70 million for 5.43 P/E if the $0.47 EPS becomes a reality. After $0.24 actual earnings per share reported by Gray Television, Inc. for the previous quarter, Wall Street now forecasts 95.83% EPS growth.
Gray Television, Inc. (NYSE:GTN) Ratings Coverage
Out of 2 analysts covering Gray Television (NYSE:GTN), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Gray Television has been the topic of 2 analyst reports since November 18, 2015 according to StockzIntelligence Inc. As per Monday, December 7, the company rating was initiated by Singular Research. As per Wednesday, November 18, the company rating was initiated by Stephens.
According to Zacks Investment Research, “Gray Television is a communications company headquartered in Atlanta, Georgia, and currently operates 15 CBS-affiliated television stations, seven NBC-affiliated television stations, seven ABC-affiliated television stations and four daily newspapers.”
Insitutional Activity: The institutional sentiment decreased to 0.88 in Q2 2016. Its down 0.39, from 1.27 in 2016Q1. The ratio dropped, as 26 funds sold all Gray Television, Inc. shares owned while 55 reduced positions. 14 funds bought stakes while 57 increased positions. They now own 53.75 million shares or 1.99% less from 54.84 million shares in 2016Q1.
Redwood Investments Limited Liability Company last reported 0.32% of its portfolio in the stock. Advisory Ntwk Ltd Co holds 0.14% of its portfolio in Gray Television, Inc. (NYSE:GTN) for 56,580 shares. State Board Of Administration Of Florida Retirement Sys accumulated 59,710 shares or 0% of the stock. Parametric Portfolio Associates Ltd holds 0% or 106,461 shares in its portfolio. Orinda Asset Management Limited Company has 10,914 shares for 0.14% of their US portfolio. Capital Management Ny accumulated 0.52% or 28,000 shares. Pnc Service Group Inc holds 3,388 shares or 0% of its portfolio. Northern holds 0% of its portfolio in Gray Television, Inc. (NYSE:GTN) for 784,151 shares. Alliancebernstein Limited Partnership holds 80,400 shares or 0% of its portfolio. Century Capital Ltd Liability Co has 219,895 shares for 0.26% of their US portfolio. Utd Asset Strategies last reported 1.7% of its portfolio in the stock. State Street Corp holds 0% or 1.19M shares in its portfolio. Moreover, Ameriprise Inc has 0% invested in Gray Television, Inc. (NYSE:GTN) for 263,877 shares. Everpoint Asset Mngmt Limited Company last reported 437,500 shares in the company. Cipher Cap Lp owns 137,554 shares or 0.1% of their US portfolio.
More important recent Gray Television, Inc. (NYSE:GTN) news were published by: Prnewswire.com which released: “Gray Television Announces Closing Of Offering Of $525.0 Million Of 5.125 …” on September 14, 2016, also Prnewswire.com published article titled: “Gray Television Announces Pricing Of $525.0 Million Of 5.125% Senior Notes Due …”, Fool.com published: “Why Gray Television, Inc. Shares Popped Today” on August 04, 2016. More interesting news about Gray Television, Inc. (NYSE:GTN) was released by: Prnewswire.com and their article: “Gray Addresses Political Guidance” with publication date: September 20, 2016.
GTN Company Profile
Gray Television, Inc., incorporated on January 25, 1897, is a television broadcast company. The Firm owns and operates television stations and digital assets in markets across the United States. The Firm 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). Along with primary broadcast channels, the Company can also broadcast secondary digital channels within a market.
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