Chicago Equity Partners LLC Has $3.11 Million Holdings in Gray Television, Inc. (GTN)

Chicago Equity Partners LLC raised its stake in shares of Gray Television, Inc. (NYSE:GTN) by 407.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 177,695 shares of the company’s stock after purchasing an additional 142,705 shares during the period. Chicago Equity Partners LLC’s holdings in Gray Television were worth $3,110,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. State Board of Administration of Florida Retirement System increased its position in Gray Television by 26.0% in the third quarter. State Board of Administration of Florida Retirement System now owns 24,546 shares of the company’s stock worth $430,000 after purchasing an additional 5,070 shares during the period. Financial Counselors Inc. acquired a new stake in Gray Television in the third quarter worth about $194,000. James Investment Research Inc. increased its position in Gray Television by 287.2% in the third quarter. James Investment Research Inc. now owns 176,686 shares of the company’s stock worth $3,092,000 after purchasing an additional 131,049 shares during the period. Skylands Capital LLC increased its position in Gray Television by 46.7% in the third quarter. Skylands Capital LLC now owns 235,350 shares of the company’s stock worth $4,119,000 after purchasing an additional 74,950 shares during the period. Finally, Fox Run Management L.L.C. acquired a new stake in Gray Television in the third quarter worth about $289,000. Institutional investors own 88.60% of the company’s stock.

A number of analysts recently commented on GTN shares. Noble Financial set a $23.00 price objective on Gray Television and gave the stock a “buy” rating in a research report on Wednesday, August 8th. Zacks Investment Research upgraded Gray Television from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research report on Wednesday, September 5th. Barrington Research reiterated a “buy” rating and issued a $19.00 price objective on shares of Gray Television in a research report on Tuesday, August 7th. Benchmark lifted their price objective on Gray Television from $28.00 to $29.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, ValuEngine upgraded Gray Television from a “hold” rating to a “buy” rating in a research report on Monday, October 22nd. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $22.25.

Gray Television stock opened at $19.66 on Friday. The stock has a market cap of $1.64 billion, a PE ratio of 16.80, a P/E/G ratio of 0.92 and a beta of 2.23. Gray Television, Inc. has a 1 year low of $10.70 and a 1 year high of $20.24. The company has a debt-to-equity ratio of 1.74, a current ratio of 4.69 and a quick ratio of 4.69.

Gray Television (NYSE:GTN) last posted its earnings results on Tuesday, November 6th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.09. The company had revenue of $279.00 million during the quarter, compared to analyst estimates of $276.52 million. Gray Television had a return on equity of 15.28% and a net margin of 29.12%. The company’s revenue for the quarter was up 27.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.21 EPS. Equities analysts forecast that Gray Television, Inc. will post 2.01 EPS for the current year.

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Gray Television Profile

Gray Television, Inc, a television broadcast company, owns and operates television stations and digital assets in the United States. As of February 23, 2018, the company owned and operated television stations in 57 television markets broadcasting approximately 200 program streams, including approximately 100 channels affiliated with the CBS Network, the NBC Network, the ABC Network, and the FOX Network.

Further Reading: Float

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Institutional Ownership by Quarter for Gray Television (NYSE:GTN)

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