TEGNA Inc (NYSE: TGNA) is 21.05% higher on its value in year-to-date trading and has touched a low of $12.35 and a high of $19.62 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The TGNA stock was last observed hovering at around $18.11 in the last trading session, with the day’s gains setting it 0.41%.
Currently trading at $18.52, the stock is 5.63% and 13.09% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.29 million and changing 2.26% at the moment leaves the stock 24.96% off its SMA200. TGNA registered 16.77% gain for a year compared to 6-month gain of 31.91%. The firm has a 50-day simple moving average (SMA 50) of $16.284 and a 200-day simple moving average (SMA200) of $14.79995.
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The stock witnessed a 14.32% loss in the last 1 month and extending the period to 3 months gives it a 32.00%, and is 2.26% 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 2.56% over the week and 3.23% over the month.
TEGNA Inc (TGNA) has around 6200 employees, a market worth around $2.98B and $2.96B in sales. Current P/E ratio is 6.52 and Fwd P/E is 9.66. Profit margin for the company is 16.75%. Distance from 52-week low is 49.96% and -5.61% from its 52-week high. The company has generated returns on investments over the last 12 months (8.24%).
The EPS is expected to grow by 78.99% this year
443.0 institutions hold shares in TEGNA Inc (TGNA), with institutional investors hold 105.36% of the company’s shares. The shares outstanding are 179.92M, and float is at 158.86M with Short Float at 7.42%. Institutions hold 103.86% 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 Oct 25 ’24 at a price of $16.40 per share for a total of $0.41 million. Following the sale, the insider now owns 0.15 million shares.
Still, SEC filings show that on Sep 12 ’24, Trelstad Lynn B. (EVP and COO, Media Operations) disposed off 25,000 shares at an average price of $13.88 for $0.35 million. The insider now directly holds 179,617 shares of TEGNA Inc (TGNA).
