TEGNA IncTGNA
Market Cap: $2.23B
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 Q2 SEC filings by fund managers ($100M+ AUM)
100% more funds holding in top 10
Funds holding in top 10: 1 [Q1] → 2 (+1) [Q2]
2.21% more ownership
Funds ownership: 86.66% [Q1] → 88.88% (+2.21%) [Q2]
1% less funds holding
Funds holding: 338 [Q1] → 336 (-2) [Q2]
4% less first-time investments, than exits
New positions opened: 51 | Existing positions closed: 53
8% less capital invested
Capital invested by funds: $2.28B [Q1] → $2.1B (-$177M) [Q2]
20% less repeat investments, than reductions
Existing positions increased: 103 | Existing positions reduced: 128
80% less call options, than puts
Call options by funds: $6.89M | Put options by funds: $34.2M
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
Benchmark Daniel Kurnos 52% 1-year accuracy 32 / 62 met price target | 56%upside $21 | Buy Reiterated | 8 Aug 2024 |
Financial journalist opinion
Based on 8 articles about TGNA published over the past 30 days