In the past 52-week period, shares of TEGNA Inc. (NYSE:TGNA) have moved within the range of $11.47 to $17.07. On the stock’s most recent trading day, the company’s shares ended the regular session at $12.53, which is 26.6% higher than its 52-week high.
TEGNA Inc. (TGNA) has demonstrated a 20-day simple moving average (SMA) of -3.15%, and a 50-day SMA of -1.57%. This public company’s current market capitalization stands at $2.74 billion.
Analyzing Consensus Estimates, Sales Revenue and Net Income
Measuring Wall Street analysts’ average enthusiasm for a specific stock is critical when considering a potential investment. According to the latest data, the consensus recommendation for TEGNA Inc. (TGNA) is Outperform.
Publicly-traded companies normally report earnings and revenue figures that are either above or below the average Wall Street projection. In the most recent quarterly financial report, for the quarter ending Jun. 2017, TEGNA Inc. (TGNA) delivered a 0.97% surprise with its net revenue. Sales reached $0.49 billion during the three-month period, compared to the average analyst estimate of $0.48 billion.
Meanwhile, during the same quarter TEGNA Inc. (TGNA) delivered a 9.85% earnings surprise. Net earnings for the quarter were posted at $0.29 per share, whereas Wall Street had forecast $0.26 per share.
Ownership at TEGNA Inc. (TGNA), According to Most Recent SEC Filings
We can gain important insight by taking a look at institutional ownership, as detailed in public companies’ latest 13F filings. TEGNA Inc. (TGNA) has 0.22 billion shares outstanding currently, 97.96% of which belong to institutional investors. Those institutional holdings amount to $2.64 billion.
Additionally, according to the most recent 13F filing from TEGNA Inc. (TGNA), there were 52 new positions totaling 25,869,562 shares of the company’s stock. There were 113 sold out positions, on the other hand, totaling 9,002,834 shares.
Short, Medium and Long Term Indicators
Analyzing the average trade volume of a publicly-traded company’s stock – in the short, medium and long terms – is helpful for gaining insight into trading activity and general investor sentiment. TEGNA Inc. (TGNA) has had a 20-day average volume of 2,036,480 shares, with an average of 40% of short term indicators pointed at Sell.
The stock’s 50-day average volume has been 2,323,210 shares, with an average of 75% of medium term indicators pointing toward Sell. Finally, its 100-day average volume is 2,696,717 shares with 67% of long-term indicators pointing to Sell.