Several other equities analysts have also commented on the stock. Gabelli reaffirmed a buy rating on shares of Gray Television in a research report on Wednesday, June 20th. ValuEngine raised shares of Gray Television from a strong sell rating to a sell rating in a research report on Thursday, June 21st. Zacks Investment Research lowered shares of Gray Television from a buy rating to a hold rating in a research report on Tuesday, May 29th. Noble Financial reiterated a buy rating on shares of Gray Television in a report on Thursday, May 10th. Finally, Benchmark reiterated a buy rating and issued a $20.00 price target on shares of Gray Television in a report on Thursday, May 3rd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of Buy and an average target price of $20.86.
Shares of Gray Television stock opened at $15.80 on Tuesday. The company has a market capitalization of $1.42 billion, a P/E ratio of 13.50, a P/E/G ratio of 1.45 and a beta of 2.50. The company has a quick ratio of 6.46, a current ratio of 6.46 and a debt-to-equity ratio of 1.85. Gray Television has a 52 week low of $10.70 and a 52 week high of $17.80.
Gray Television (NYSE:GTN) last announced its quarterly earnings data on Tuesday, May 8th. The company reported $0.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.07. The firm had revenue of $226.26 million during the quarter, compared to analyst estimates of $225.41 million. Gray Television had a net margin of 29.97% and a return on equity of 11.06%. Gray Television’s revenue was up 11.2% on a year-over-year basis. During the same period last year, the firm posted $0.14 EPS. analysts expect that Gray Television will post 1.83 EPS for the current fiscal year.
A number of large investors have recently modified their holdings of the stock. SG Americas Securities LLC increased its holdings in Gray Television by 39.3% in the 4th quarter. SG Americas Securities LLC now owns 14,492 shares of the company’s stock worth $243,000 after buying an additional 4,086 shares during the period. GW&K Investment Management LLC grew its stake in shares of Gray Television by 40.4% during the 1st quarter. GW&K Investment Management LLC now owns 16,195 shares of the company’s stock worth $206,000 after purchasing an additional 4,660 shares during the period. Tower Research Capital LLC TRC grew its stake in shares of Gray Television by 77.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 10,758 shares of the company’s stock worth $180,000 after purchasing an additional 4,706 shares during the period. BNP Paribas Arbitrage SA grew its stake in shares of Gray Television by 34.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 18,995 shares of the company’s stock worth $241,000 after purchasing an additional 4,823 shares during the period. Finally, Russell Investments Group Ltd. grew its stake in shares of Gray Television by 3.2% during the 1st quarter. Russell Investments Group Ltd. now owns 171,183 shares of the company’s stock worth $2,174,000 after purchasing an additional 5,373 shares during the period. Institutional investors own 88.01% of the company’s stock.
About Gray Television
Gray Television, Inc, a television broadcast company, owns and operates television stations and digital assets in the United States. As of February 23, 2018, the company owned and operated television stations in 57 television markets broadcasting approximately 200 program streams, including approximately 100 channels affiliated with the CBS Network, the NBC Network, the ABC Network, and the FOX Network.
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