TEGNA Inc (NYSE: TGNA) is -7.52% lower on its value in year-to-date trading and has touched a low of $12.35 and a high of $16.56 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The TGNA stock was last observed hovering at around $14.01 in the last trading session, with the day’s gains setting it 0.14%.
Currently trading at $14.15, the stock is 2.02% and -2.32% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.94 million and changing 1.00% at the moment leaves the stock -3.38% off its SMA200. TGNA registered -9.53% loss for a year compared to 6-month gain of 0.93%.
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The stock witnessed a -1.46% loss in the last 1 month and extending the period to 3 months gives it a -3.35%, and is -0.49% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.38% over the week and 2.75% over the month.
TEGNA Inc (TGNA) has around 6200 employees, a market worth around $2.34B and $2.86B in sales. Current P/E ratio is 5.83 and Fwd P/E is 6.59. Profit margin for the company is 15.51%. Distance from 52-week low is 14.57% and -14.55% from its 52-week high. The company has generated returns on investments over the last 12 months (7.47%).
The EPS is expected to grow by 93.28% this year
467.0 institutions hold shares in TEGNA Inc (TGNA), with institutional investors hold 95.26% of the company’s shares. The shares outstanding are 179.92M, and float is at 163.09M with Short Float at 5.29%. Institutions hold 93.94% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 23.79 million shares valued at $331.68 million. The investor’s holdings represent 13.3804 of the TGNA Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 23.04 million shares valued at $321.2 million to account for 12.9577 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 10.31 million shares representing 5.7978 and valued at over $143.71 million, while LSV ASSET MANAGEMENT holds 4.5127 of the shares totaling 8.02 million with a market value of $111.86 million.
TEGNA Inc (TGNA) Insider Activity
The most recent transaction is an insider sale by DUNLEAVY CATHERINE, the company’s Director. SEC filings show that DUNLEAVY CATHERINE sold 16 shares of the company’s common stock on Aug 15 ’24 at a price of $13.60 per share for a total of $213.0. Following the sale, the insider now owns 0.0 shares.
TEGNA Inc disclosed in a document filed with the SEC on Jul 01 ’24 that DUNLEAVY CATHERINE (Director) sold a total of 14 shares of the company’s common stock. The trade occurred on Jul 01 ’24 and was made at $14.02 per share for $196.0. Following the transaction, the insider now directly holds 0.0 shares of the TGNA stock.
Still, SEC filings show that on Jul 01 ’24, Lougee David T (President and CEO) disposed off 98,437 shares at an average price of $13.98 for $1.38 million. The insider now directly holds 594,401 shares of TEGNA Inc (TGNA).
