107,937 Shares in Gray Television, Inc. (NYSE:GTN) Acquired by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC acquired a new position in Gray Television, Inc. (NYSE:GTN) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 107,937 shares of the company’s stock, valued at approximately $340,000. Kingsview Wealth Management LLC owned about 0.11% of Gray Television at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GSA Capital Partners LLP raised its stake in Gray Television by 287.9% during the 3rd quarter. GSA Capital Partners LLP now owns 232,832 shares of the company’s stock worth $1,248,000 after acquiring an additional 172,801 shares during the period. State Street Corp raised its stake in Gray Television by 1.9% during the 3rd quarter. State Street Corp now owns 2,009,896 shares of the company’s stock worth $10,773,000 after acquiring an additional 36,541 shares during the period. Barclays PLC raised its stake in Gray Television by 114.4% during the 3rd quarter. Barclays PLC now owns 272,272 shares of the company’s stock worth $1,460,000 after acquiring an additional 145,263 shares during the period. Capital Management Corp VA raised its stake in Gray Television by 27.6% during the 3rd quarter. Capital Management Corp VA now owns 5,408,269 shares of the company’s stock worth $28,988,000 after acquiring an additional 1,170,990 shares during the period. Finally, BNP Paribas Financial Markets raised its stake in Gray Television by 109.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 127,497 shares of the company’s stock worth $683,000 after acquiring an additional 66,578 shares during the period. Hedge funds and other institutional investors own 78.64% of the company’s stock.

Gray Television Trading Down 1.9 %

Shares of GTN opened at $3.86 on Friday. The company’s fifty day moving average is $3.55 and its 200 day moving average is $4.54. Gray Television, Inc. has a fifty-two week low of $2.91 and a fifty-two week high of $8.66. The stock has a market capitalization of $384.23 million, a PE ratio of 2.57 and a beta of 1.41. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.13 and a current ratio of 1.13.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on GTN. Barrington Research upgraded shares of Gray Television to a “hold” rating in a research report on Thursday, November 14th. Guggenheim reduced their price objective on shares of Gray Television from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. Benchmark reduced their price objective on shares of Gray Television from $11.00 to $8.00 and set a “buy” rating on the stock in a research report on Monday, November 11th. Finally, StockNews.com upgraded shares of Gray Television from a “sell” rating to a “hold” rating in a research report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $6.67.

Insider Buying and Selling

In other Gray Television news, EVP Kevin Paul Latek sold 150,216 shares of Gray Television stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $4.37, for a total transaction of $656,443.92. Following the completion of the transaction, the executive vice president now directly owns 509,212 shares of the company’s stock, valued at $2,225,256.44. The trade was a 22.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.80% of the stock is currently owned by company insiders.

Gray Television Company Profile

Gray Television, Inc, a television broadcasting company, owns and/or operates television stations and digital assets in the United States. It also broadcasts secondary digital channels affiliated to ABC, CBS, NBC, and FOX, as well as various other networks and program services, including CW Plus Network, MY Network, the MeTV Network, Circle, Telemundo, THE365, and Outlaw; and local news/weather channels in various markets.