TEGNA IncTGNA
Market Cap: 2.75B
About: Tegna Inc is a media company with a portfolio of broadcast stations and digital sites. The firm has television stations and radio stations in approximately U.S. markets. The company owns multicast networks of True Crime Network, Twist, and Quest. Each television station also has a robust digital presence across online, mobile, connected television, and social platforms, reaching consumers on all devices and platforms used to consume news content. It generates key revenue from advertising and marketing services, subscriptions, political advertising, and other services.
Employees: 6,200
Fund manager confidence
Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)
11% more call options, than puts
Call options by funds: $9.58M | Put options by funds: $8.61M
3.15% more ownership
Funds ownership: 82.41% [Q4 2023] → 85.56% (+3.15%) [Q1 2024]
8% less first-time investments, than exits
New positions opened: 45 | Existing positions closed: 49
1% less funds holding
Funds holding: 338 [Q4 2023] → 334 (-4) [Q1 2024]
9% less capital invested
Capital invested by funds: $2.48B [Q4 2023] → $2.25B (-$233M) [Q1 2024]
14% less repeat investments, than reductions
Existing positions increased: 108 | Existing positions reduced: 126
50% less funds holding in top 10
Funds holding in top 10: 2 [Q4 2023] → 1 (-1) [Q1 2024]
Research analyst outlook
3 Wall Street Analysts provided 1 year price forecasts over the past 6 months
3 analyst ratings
Benchmark Daniel Kurnos | 29%upside $21 | Buy Maintained | 1 Mar 2024 |
JP Morgan David Karnovsky | 8%downside $15 | Neutral Maintained | 1 Mar 2024 |
Wells Fargo Steven Cahall | 8%downside $15 | Equal-Weight Maintained | 9 Feb 2024 |