Gray TelevisionGTN
GTN
About: Gray Media Inc is a multimedia company. The company owns and operates local television stations and digital assets. It also owns Gray Digital Media, a full-service digital agency offering national and local clients digital marketing strategies with digital products and services. Its additional media properties include video production companies Raycom Sports, Tupelo Media Group, and PowerNation Studios, and studio production facilities Assembly Atlanta and Third Rail Studios.
Employees: 9,502
0
Funds holding %
of 7,363 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
70% more call options, than puts
Call options by funds: $392K | Put options by funds: $230K
24% more repeat investments, than reductions
Existing positions increased: 67 | Existing positions reduced: 54
1.38% more ownership
Funds ownership: 70.96% [Q3] → 72.34% (+1.38%) [Q4]
0% more funds holding in top 10
Funds holding in top 10: 2 [Q3] → 2 (+0) [Q4]
4% less funds holding
Funds holding: 208 [Q3] → 199 (-9) [Q4]
16% less first-time investments, than exits
New positions opened: 41 | Existing positions closed: 49
40% less capital invested
Capital invested by funds: $346M [Q3] → $207M (-$138M) [Q4]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$4
7%
upside
Avg. target
$4
7%
upside
High target
$4
7%
upside
1 analyst rating
0 positive
0%
1 neutral
100%
0 negative
0%
Wells Fargo Steven Cahall 60% 1-year accuracy 21 / 35 met price target | 7%upside $4 | Equal-Weight Upgraded | 3 Mar 2025 |
Financial journalist opinion
Based on 11 articles about GTN published over the past 30 days
Positive
Zacks Investment Research
4 days ago
Are Investors Undervaluing Gray Media Inc. (GTN) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Neutral
Zacks Investment Research
5 days ago
Is It Worth Investing in Gray Media (GTN) Based on Wall Street's Bullish Views?
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Neutral
GlobeNewsWire
5 days ago
Gray Media Promotes Ellenann Yelverton to General Counsel
ATLANTA, March 04, 2025 (GLOBE NEWSWIRE) -- Gray Media has named Ellenann Yelverton as its General Counsel. Since the closing of the Gray/Raycom Media merger in 2019, Ellenann has overseen the company's legal matters for its operating divisions as our Deputy General Counsel. Prior to the merger, she served as Raycom's General Counsel and managed a host of legal matters for the company across a wide range of disciplines and through numerous acquisitions of television stations and related businesses.
Neutral
Seeking Alpha
1 week ago
Gray Media, Inc. (GTN) Q4 2024 Earnings Call Transcript
Gray Media, Inc. (NYSE:GTN ) Q4 2024 Earnings Conference Call February 27, 2025 11:00 AM ET Company Participants Hilton Howell - Chairman and Chief Executive Officer Pat LaPlatney - President & Co-Chief Executive Officer Sandy Breland - Chief Operating Officer Kevin Latek - Chief Legal & Development Officer Jeff Gignac - Chief Financial Officer Conference Call Participants Aaron Watts - Deutsche Bank Daniel Kurnos - The Benchmark Company Craig Huber - Huber Research Avi Steiner - JPMorgan Chase & Company Steven Cahall - Wells Fargo Alan Gould - Loop Capital Operator Good morning, and welcome, ladies and gentlemen to the Gray Media 2024 Q4 Earnings Call. [Operator Instructions] And without further ado, I will now turn the program over to Chairman and CEO, Mr.
Positive
Zacks Investment Research
1 week ago
Gray Media (GTN) Q4 Earnings Match Estimates
Gray Media (GTN) came out with quarterly earnings of $1.59 per share, in line with the Zacks Consensus Estimate. This compares to loss of $0.24 per share a year ago.
Neutral
GlobeNewsWire
1 week ago
GRAY ANNOUNCES QUARTERLY CASH DIVIDEND OF $0.08 PER SHARE
ATLANTA, Feb. 27, 2025 (GLOBE NEWSWIRE) -- Gray Media, Inc. (“Gray”) (NYSE: GTN) announced today that its Board of Directors has authorized a quarterly cash dividend of $0.08 per share of its common stock and Class A common stock. The dividend is payable on March 31, 2025, to shareholders of record at the close of business on March 14, 2025.
Neutral
GlobeNewsWire
1 week ago
Gray Media's Fourth Quarter Financial Results Exceeded Expectations
ATLANTA, Feb. 27, 2025 (GLOBE NEWSWIRE) -- Gray Media, Inc. (“Gray,” “Gray Media,” “we,” “us” or “our”) (NYSE: GTN) today announced its financial results for the quarter ended December 31, 2024, which included revenues and expenses both finishing slightly better than guidance. For the full-year 2024, our portfolio of leading television stations earned $497 million of political advertising revenue, which we estimate to be the highest level of political advertising revenue among our peers, in total and on a per television household basis. Total operating expenses (before depreciation, amortization and loss on disposal of assets) in the fourth quarter of 2024 were $648 million, which was 2% below the low end of our previously announced guidance for the quarter. In addition, during 2024, we reduced the outstanding principal amount of our outstanding debt by $520 million, and we finished the year with a slightly lower Leverage Ratio, as defined in our Senior Credit Agreement, than we began the year.
Neutral
Zacks Investment Research
2 weeks ago
Gray Media (GTN) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
Gray Media (GTN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Positive
Zacks Investment Research
2 weeks ago
Is Gray Media Inc. (GTN) Stock Undervalued Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Neutral
GlobeNewsWire
3 weeks ago
Gray Names Blake Sebo as General Manager of KTUU and KYES in Anchorage, Alaska
ATLANTA, Feb. 14, 2025 (GLOBE NEWSWIRE) -- Gray Media has named Blake Sebo as the next General Manager of KTUU and KYES, Gray's NBC and CBS affiliates in Anchorage, Alaska. Blake Sebo has nearly twenty years of experience in the broadcast television industry.
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