Gray Television Inc (NYSE:GTN) Shifting Institutional Investors Sentiment

April 17, 2018 - By Ellis Scott

Sentiment for Gray Television Inc (NYSE:GTN)

Gray Television Inc (NYSE:GTN) institutional sentiment increased to 2.71 in 2017 Q4. Its up 1.18, from 1.53 in 2017Q3. The ratio improved, as 122 funds started new or increased positions, while 45 sold and reduced positions in Gray Television Inc. The funds in our partner’s database now hold: 73.41 million shares, up from 56.82 million shares in 2017Q3. Also, the number of funds holding Gray Television Inc in their top 10 positions was flat from 2 to 2 for the same number . Sold All: 13 Reduced: 32 Increased: 73 New Position: 49.

Gray Television, Inc., a television broadcast company, owns and operates television stations and digital assets in the United States. The company has market cap of $1.05 billion. As of February 21, 2017, it owned and operated television stations in 54 television markets broadcasting approximately 200 program streams comprising 37 channels affiliated with the CBS Network, 29 channels affiliated with the NBC Network, 20 channels affiliated with the ABC Network, and 15 channels affiliated with the FOX Network. It has a 3.3 P/E ratio. The firm also broadcasts secondary digital channels affiliated to ABC, CBS, and FOX, as well as channels affiliated with various other networks and program services, including CW Plus Network, MY Network, the MeTV Network, This TV Network, Antenna TV, Telemundo, Cozi, Heroes and Icons, and MOVIES! Network; and local news/weather channels in various markets.

The stock decreased 0.85% or $0.1 during the last trading session, reaching $11.7. About 469,110 shares traded. Gray Television, Inc. (NYSE:GTN) has declined 6.79% since April 17, 2017 and is downtrending. It has underperformed by 18.34% the S&P500.

Analysts await Gray Television, Inc. (NYSE:GTN) to report earnings on May, 3. They expect $0.16 EPS, 0.00 % or $0.00 from last year’s $0.16 per share. GTN’s profit will be $14.32M for 18.28 P/E if the $0.16 EPS becomes a reality. After $0.40 actual EPS reported by Gray Television, Inc. for the previous quarter, Wall Street now forecasts -60.00 % negative EPS growth.

Whetstone Capital Advisors Llc holds 5.09% of its portfolio in Gray Television, Inc. for 681,618 shares. Darsana Capital Partners Lp owns 6.00 million shares or 3.69% of their US portfolio. Moreover, Act Ii Management Lp has 2.61% invested in the company for 241,915 shares. The Pennsylvania-based Penn Capital Management Co Inc has invested 1.82% in the stock. Hillcrest Asset Management Llc, a Texas-based fund reported 582,678 shares.#img1#

Since January 1, 0001, it had 1 insider purchase, and 0 insider sales for $95,282 activity.

Gray Television, Inc. (NYSE:GTN) Ratings Coverage

Ratings analysis reveals 100% of Gray Communications Systems’s analysts are positive. Out of 5 Wall Street analysts rating Gray Communications Systems, 5 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $17.0 while the high is $22.0. The stock’s average target of $19.25 is 64.53% above today’s ($11.7) share price. GTN was included in 7 notes of analysts from October 18, 2017. The stock of Gray Television, Inc. (NYSE:GTN) earned “Buy” rating by Guggenheim on Monday, January 22. The stock has “Buy” rating by Guggenheim on Wednesday, February 28. The stock of Gray Television, Inc. (NYSE:GTN) earned “Buy” rating by RBC Capital Markets on Tuesday, November 7.

Gray Television, Inc. (NYSE:GTN) Institutional Positions Chart

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