Qsemble Capital Management LP Has $1.01 Million Holdings in TEGNA Inc. (NYSE:TGNA)

Qsemble Capital Management LP grew its stake in TEGNA Inc. (NYSE:TGNA) by 235.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 63,776 shares of the company’s stock after acquiring an additional 44,737 shares during the period. Qsemble Capital Management LP’s holdings in TEGNA were worth $1,006,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of TGNA. Principal Financial Group Inc. boosted its holdings in TEGNA by 26.2% in the third quarter. Principal Financial Group Inc. now owns 891,488 shares of the company’s stock valued at $14,068,000 after acquiring an additional 184,845 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of TEGNA by 1.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 10,309,749 shares of the company’s stock valued at $143,714,000 after purchasing an additional 141,638 shares during the last quarter. Capital Management Corp VA grew its position in shares of TEGNA by 30.3% during the 3rd quarter. Capital Management Corp VA now owns 725,805 shares of the company’s stock worth $11,453,000 after buying an additional 168,667 shares during the period. SG Americas Securities LLC bought a new stake in shares of TEGNA during the third quarter worth approximately $626,000. Finally, Tidal Investments LLC lifted its holdings in TEGNA by 48.6% in the first quarter. Tidal Investments LLC now owns 125,504 shares of the company’s stock valued at $1,871,000 after buying an additional 41,034 shares during the period. 92.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at TEGNA

In related news, COO Lynn B. Trelstad sold 25,000 shares of the business’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $16.40, for a total value of $410,000.00. Following the sale, the chief operating officer now directly owns 154,617 shares of the company’s stock, valued at approximately $2,535,718.80. The trade was a 13.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.88% of the stock is owned by insiders.

Analysts Set New Price Targets

TGNA has been the subject of a number of analyst reports. JPMorgan Chase & Co. lifted their target price on shares of TEGNA from $16.00 to $19.00 and gave the stock a “neutral” rating in a report on Tuesday, November 12th. StockNews.com cut TEGNA from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Benchmark upped their price objective on TEGNA from $21.00 to $23.00 and gave the company a “buy” rating in a report on Friday, November 8th.

TEGNA Trading Down 0.2 %

TGNA opened at $18.91 on Wednesday. The firm’s fifty day moving average is $16.55 and its two-hundred day moving average is $15.12. The firm has a market cap of $3.05 billion, a PE ratio of 6.68 and a beta of 0.49. TEGNA Inc. has a twelve month low of $12.35 and a twelve month high of $19.62. The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.60 and a current ratio of 2.60.

TEGNA (NYSE:TGNA) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.83 by $0.11. TEGNA had a return on equity of 14.49% and a net margin of 16.75%. The business had revenue of $806.83 million for the quarter, compared to the consensus estimate of $795.72 million. During the same quarter last year, the business posted $0.39 EPS. The firm’s revenue was up 13.1% compared to the same quarter last year. Equities research analysts anticipate that TEGNA Inc. will post 3.02 EPS for the current year.

TEGNA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.64%. The ex-dividend date of this dividend is Friday, December 6th. TEGNA’s dividend payout ratio (DPR) is presently 17.67%.

About TEGNA

TEGNA Inc, a media company, provides broadcast advertising and marketing products and services for businesses. The company operates 47 television stations in 39 markets of the United States that produce local programming, such as news, sports, and entertainment. It offers local and national non-political advertising; political advertising; production of programming from third parties; production of advertising materials; and digital marketing services, as well as advertising services on the stations' Websites, tablets, and mobile products.