TEGNA Inc (TGNA)

• Market cap: $2.69B
• 1 day: -1.89%
• 5 days: 0.18%
• 1 month: 1.42%
• 3 months: 10.89%
• 6 months: -4.84%
• Year to date: -8.95%
• 1 year: 16.33%
• 5 years: 61.47%
• 10 years: -16.38%
• Sector: Communication Services
• Industry: Broadcasting

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: 5,900

Fund manager confidence

Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)

113% more first-time investments, than exits

New positions opened: 51 | Existing positions closed: 24

100% more funds holding in top 10

Funds holding in top 10: 1 [Q4 2024] → 2 (+1) [Q1 2025]

6% more funds holding

Funds holding: 342 [Q4 2024] → 362 (+20) [Q1 2025]

1.0% less ownership

Funds ownership: 97.01% [Q4 2024] → 96.01% (-1.0%) [Q1 2025]

2% less capital invested

Capital invested by funds: $2.86B [Q4 2024] → $2.81B (-$50.7M) [Q1 2025]

6% less repeat investments, than reductions

Existing positions increased: 122 | Existing positions reduced: 130

56% less call options, than puts

Call options by funds: $4.89M | Put options by funds: $11.1M

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $18 5% upside
• Avg. target: $20 18% upside
• High target: $21 23% upside

4 analyst ratings

• positive: 3 75%
• neutral: 1 25%
• negative: 0 0%

Guggenheim Curry Baker	23% upside $21	Buy Maintained	2 Jul 2025
JP Morgan David Karnovsky	5% upside $18	Neutral Maintained	21 May 2025
Benchmark Daniel Kurnos	23% upside $21	Buy Maintained	9 May 2025
Wells Fargo Steven Cahall	23% upside $21	Overweight Maintained	1 May 2025