Capital Management Corp VA Has $30.30 Million Stock Holdings in Gray Media Inc. $GTN

Capital Management Corp VA lessened its position in Gray Media Inc. (NYSE:GTN) by 2.6% during the second quarter, Holdings Channel reports. The institutional investor owned 6,688,251 shares of the company’s stock after selling 178,775 shares during the quarter. Gray Media makes up approximately 5.2% of Capital Management Corp VA’s investment portfolio, making the stock its 2nd largest position. Capital Management Corp VA owned 0.07% of Gray Media worth $30,298,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of GTN. CWM LLC grew its holdings in Gray Media by 310.1% during the second quarter. CWM LLC now owns 39,435 shares of the company’s stock worth $179,000 after acquiring an additional 29,820 shares during the period. Public Employees Retirement System of Ohio grew its stake in shares of Gray Media by 80.2% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 31,633 shares of the company’s stock worth $143,000 after purchasing an additional 14,079 shares during the last quarter. Pallas Capital Advisors LLC acquired a new stake in Gray Media during the second quarter valued at approximately $55,000. Invst LLC acquired a new stake in Gray Media during the first quarter valued at approximately $2,018,000. Finally, Acadian Asset Management LLC bought a new stake in Gray Media during the first quarter worth approximately $28,000. Institutional investors own 78.64% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company raised their price objective on Gray Media from $4.50 to $5.00 and gave the stock an “equal weight” rating in a research note on Monday, August 11th. Benchmark reissued a “buy” rating and issued a $9.00 price target (up previously from $7.00) on shares of Gray Media in a research note on Monday, August 11th. Guggenheim boosted their price objective on Gray Media from $6.00 to $7.00 and gave the stock a “buy” rating in a report on Thursday, August 14th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Gray Media in a research note on Wednesday, October 8th. Finally, Barrington Research reissued an “outperform” rating and issued a $6.50 target price on shares of Gray Media in a research report on Tuesday, September 23rd. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $6.88.

Gray Media Trading Up 2.0%

Gray Media stock opened at $4.84 on Wednesday. Gray Media Inc. has a 12 month low of $2.91 and a 12 month high of $6.30. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 2.56. The stock has a market cap of $493.61 million, a P/E ratio of 3.20 and a beta of 1.17. The company’s fifty day simple moving average is $5.63 and its 200-day simple moving average is $4.68.

Gray Media (NYSE:GTN) last announced its quarterly earnings data on Friday, August 8th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.23) by ($0.19). Gray Media had a return on equity of 10.31% and a net margin of 5.64%.The firm had revenue of $772.00 million for the quarter, compared to analysts’ expectations of $765.16 million. During the same quarter in the prior year, the business posted $0.09 earnings per share. Gray Media’s revenue was down 6.5% on a year-over-year basis. Gray Media has set its Q3 2025 guidance at EPS. As a group, sell-side analysts forecast that Gray Media Inc. will post 3.32 EPS for the current fiscal year.

Gray Media Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were issued a $0.08 dividend. The ex-dividend date was Monday, September 15th. This represents a $0.32 dividend on an annualized basis and a yield of 6.6%. Gray Media’s dividend payout ratio is currently 21.19%.

Insider Buying and Selling

In related news, Director Richard Lee Boger sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $5.82, for a total transaction of $116,400.00. Following the transaction, the director owned 61,343 shares of the company’s stock, valued at approximately $357,016.26. This trade represents a 24.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 15.22% of the company’s stock.

Gray Media 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.