TEGNA IncTGNA
About: Tegna Inc is a media company with a portfolio of broadcast stations and digital sites. The firm has television stations and radio stations in approximately U.S. markets. The company owns multicast networks of True Crime Network, Twist, and Quest. Each television station also has a robust digital presence across online, mobile, connected television, and social platforms, reaching consumers on all devices and platforms used to consume news content. It generates key revenue from advertising and marketing services, subscriptions, political advertising, and other services.
Employees: 6,200
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
19% more capital invested
Capital invested by funds: $2.12B [Q2] → $2.54B (+$413M) [Q3]
7.42% more ownership
Funds ownership: 89.79% [Q2] → 97.21% (+7.42%) [Q3]
5% less funds holding
Funds holding: 339 [Q2] → 323 (-16) [Q3]
12% less repeat investments, than reductions
Existing positions increased: 105 | Existing positions reduced: 119
25% less first-time investments, than exits
New positions opened: 48 | Existing positions closed: 64
50% less funds holding in top 10
Funds holding in top 10: 2 [Q2] → 1 (-1) [Q3]
61% less call options, than puts
Call options by funds: $12.4M | Put options by funds: $31.7M
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Wells Fargo Steven Cahall 61% 1-year accuracy 23 / 38 met price target | 25%upside $23 | Overweight Upgraded | 19 Dec 2024 |
JP Morgan David Karnovsky 68% 1-year accuracy 17 / 25 met price target | 3%upside $19 | Neutral Maintained | 12 Nov 2024 |
Benchmark Daniel Kurnos 62% 1-year accuracy 48 / 78 met price target | 25%upside $23 | Buy Maintained | 8 Nov 2024 |
Financial journalist opinion
