Gray TelevisionGTN
GTN
About: Gray Television Inc is a television broadcast company. The company is engaged in owning and operating television stations. It also owns video program production, marketing, and digital business. It has two segments namely, Broadcasting and Production companies. Majority of the revenue is generated from the broadcasting segment which operates television stations in local markets in the United States.
Employees: 9,394
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
100% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 2 (+1) [Q3]
4% more repeat investments, than reductions
Existing positions increased: 70 | Existing positions reduced: 67
6% less funds holding
Funds holding: 220 [Q2] → 207 (-13) [Q3]
16% less capital invested
Capital invested by funds: $404M [Q2] → $341M (-$62.9M) [Q3]
15.96% less ownership
Funds ownership: 86.09% [Q2] → 70.13% (-15.96%) [Q3]
29% less first-time investments, than exits
New positions opened: 32 | Existing positions closed: 45
74% less call options, than puts
Call options by funds: $808K | Put options by funds: $3.08M
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$8
168%
upside
Avg. target
$8
168%
upside
High target
$8
168%
upside
2 analyst ratings
2 positive
100%
0 neutral
0%
0 negative
0%
Guggenheim Curry Baker 38% 1-year accuracy 8 / 21 met price target | 168%upside $8 | Buy Maintained | 12 Nov 2024 |
Benchmark Daniel Kurnos 62% 1-year accuracy 48 / 78 met price target | 168%upside $8 | Buy Maintained | 11 Nov 2024 |
Financial journalist opinion
Based on 7 articles about GTN published over the past 30 days
Positive
Zacks Investment Research
1 day ago
Investors Heavily Search Gray Television, Inc. (GTN): Here is What You Need to Know
Zacks.com users have recently been watching Gray Television (GTN) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Neutral
GlobeNewsWire
3 days ago
Atlanta Braves Partner with Gray Media to Simulcast 15 Regular Season Games
Partnership also includes 10 spring training games airing only on Gray TV plus opportunity to create additional Braves content for fans throughout Braves Country. Braves significantly increase fans' options to watch the selected games and other Braves-related content Partnership also includes 10 spring training games airing only on Gray TV plus opportunity to create additional Braves content for fans throughout Braves Country. Braves significantly increase fans' options to watch the selected games and other Braves-related content
Neutral
GlobeNewsWire
1 week ago
Gray Announces Two General Manager Retirements
ATLANTA, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Gray Media (NYSE: GTN) today announced the upcoming retirements of two veteran broadcasters at year-end. In Columbus, Georgia, Holly Steuart will retire as the General Manager of WTVM, the local ABC affiliate, and in Myrtle Beach, South Carolina, Scott Sanders will retire as the General Manager of WMBF, the local NBC affiliate.
Positive
Zacks Investment Research
1 week ago
Here is What to Know Beyond Why Gray Television, Inc. (GTN) is a Trending Stock
Zacks.com users have recently been watching Gray Television (GTN) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Neutral
GlobeNewsWire
2 weeks ago
GRAY MEDIA AND THE NATIONAL COLLEGIATE HOCKEY CONFERENCE TEAM UP TO BRING ELITE COLLEGE HOCKEY FREE OVER-THE-AIR TO VIEWERS ACROSS THE COUNTRY
ATLANTA, Dec. 06, 2024 (GLOBE NEWSWIRE) -- Gray Media (NYSE: GTN) and the National Collegiate Hockey Conference (NCHC) today announced that select NCHC college hockey games will appear free, over-the-air on Gray's market-leading television stations and over-the-air broadcast sports networks across the country. The first game, pitting No. 2-ranked and defending national champion Denver and No. 8-ranked Colorado College, will air in more than 20 Gray markets, including in St. Louis on Matrix Midwest Sports, throughout Louisiana on the Gulf Coast Sports & Entertainment Network, and across South Carolina on the Palmetto Sports & Entertainment Network on Friday, December 13, 2024 at 7 p.m. Mountain Time.
Neutral
GlobeNewsWire
2 weeks ago
Derek Rogers Joins Gray Media as General Manager of KXII and FXII in Sherman, Texas
ATLANTA, Dec. 05, 2024 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray” or “Gray Media”) (NYSE: GTN) announced that Derek Rogers will join the company as the next General Manager and Director of Sales for KXII (CBS) and FXII (FOX) in Sherman, Texas, on January 6, 2025. He will succeed Rick Dean, who is retiring after 39 years at the stations, including the last 23 years as General Manager.
Positive
Zacks Investment Research
3 weeks ago
Gray Television, Inc. (GTN) is Attracting Investor Attention: Here is What You Should Know
Gray Television (GTN) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Neutral
GlobeNewsWire
1 month ago
Gray Television Makes Significant Progress on Debt Reduction and Replenishes Authorization for Additional Debt Reduction
ATLANTA, Nov. 20, 2024 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray,” “Gray Media,” the “Company,” “we,” “us” or “our”) (NYSE: GTN) has completed a series of transactions that collectively reduced the Company's principal amount of debt outstanding by $278 million since October 1, 2024, bringing the Company's total principal debt reduction to $519 million since January 1, 2024. Accordingly, our Board of Directors today has authorized an increase in our previously announced debt repurchase authorization, replenishing the authorization to a total of $250 million of available liquidity to repurchase our outstanding indebtedness. We anticipate that the meaningful reduction in our outstanding debt this year will result in a significant reduction of cash interest expense going forward.
Neutral
GlobeNewsWire
1 month ago
Gray Announces Three General Manager Retirements
ATLANTA, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Gray Media (NYSE: GTN) today announced the retirements of three veteran broadcasters occurring this month. In Presque Isle, Maine, Kelly Landeen is retiring as the General Manager and Director of Sales of WAGM. In Hazard, Kentucky, Neil Middleton is retiring as the General Manager of WYMT. In Topeka, Kansas, Roger Brokke is retiring as the General Manager and Director of Sales of WIBW.
Positive
Zacks Investment Research
1 month ago
Gray Television, Inc. (GTN) Is a Trending Stock: Facts to Know Before Betting on It
Recently, Zacks.com users have been paying close attention to Gray Television (GTN). This makes it worthwhile to examine what the stock has in store.
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