TEGNA Inc (NYSE: TGNA) is -1.90% 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 $14.79 in the last trading session, with the day’s gains setting it 0.22%.
Currently trading at $15.01, the stock is 5.15% and 2.81% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.31 million and changing 1.49% at the moment leaves the stock 3.13% off its SMA200. TGNA registered 0.67% gain for a year compared to 6-month loss of 5.04%. The firm has a 50-day simple moving average (SMA 50) of $14.5902 and a 200-day simple moving average (SMA200) of $14.55445.
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The stock witnessed a 6.99% gain in the last 1 month and extending the period to 3 months gives it a 9.80%, and is 1.21% up 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 3.03% over the week and 2.92% over the month.
TEGNA Inc (TGNA) has around 6200 employees, a market worth around $2.48B and $2.86B in sales. Current P/E ratio is 6.18 and Fwd P/E is 6.99. Profit margin for the company is 15.51%. Distance from 52-week low is 21.54% and -9.36% from its 52-week high. The company has generated returns on investments over the last 12 months (7.47%).
with sales reaching $791.51M over the same period.The EPS is expected to grow by 93.28% this year, but quarterly earnings will post 7.70% year-over-year. Quarterly sales are estimated to grow 11.00% in year-over-year returns.
TEGNA Inc (TGNA) Top Institutional Holders
465.0 institutions hold shares in TEGNA Inc (TGNA), with institutional investors hold 95.21% of the company’s shares. The shares outstanding are 179.92M, and float is at 163.08M with Short Float at 5.65%. Institutions hold 93.89% 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 Trelstad Lynn B., the company’s EVP and COO, Media Operations. SEC filings show that Trelstad Lynn B. sold 25,000 shares of the company’s common stock on Sep 12 ’24 at a price of $13.88 per share for a total of $0.35 million. Following the sale, the insider now owns 0.18 million shares.
Still, SEC filings show that on Aug 15 ’24, DUNLEAVY CATHERINE (Director) disposed off 16 shares at an average price of $13.60 for $213.0. The insider now directly holds 0 shares of TEGNA Inc (TGNA).
