Public Employees Retirement System of Ohio increased its holdings in Tegna Inc (NYSE:TGNA) by 38.1% in the fourth quarter, HoldingsChannel reports. The firm owned 2,286,334 shares of the company’s stock after acquiring an additional 631,210 shares during the period. Public Employees Retirement System of Ohio’s holdings in Tegna were worth $32,192,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Lapides Asset Management LLC boosted its stake in shares of Tegna by 85.2% in the 4th quarter. Lapides Asset Management LLC now owns 442,700 shares of the company’s stock valued at $6,233,000 after purchasing an additional 203,700 shares in the last quarter. Barings LLC purchased a new stake in shares of Tegna in the 4th quarter valued at $908,000. Sei Investments Co. boosted its stake in shares of Tegna by 12.4% in the 4th quarter. Sei Investments Co. now owns 344,631 shares of the company’s stock valued at $4,853,000 after purchasing an additional 37,914 shares in the last quarter. New Mexico Educational Retirement Board purchased a new stake in shares of Tegna in the 4th quarter valued at $750,000. Finally, Trilogy Capital Inc. purchased a new stake in Tegna during the 4th quarter valued at $206,000. 96.30% of the stock is owned by institutional investors.

Shares of Tegna Inc (NYSE TGNA) opened at $13.76 on Wednesday. The firm has a market cap of $2,922.50, a price-to-earnings ratio of 8.54, a price-to-earnings-growth ratio of 6.69 and a beta of 1.65. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 4.30. Tegna Inc has a 12-month low of $11.59 and a 12-month high of $17.08.

In other Tegna news, SVP Clifton A. Mcclelland III sold 7,740 shares of the stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $13.69, for a total transaction of $105,960.60. Following the completion of the sale, the senior vice president now owns 32,335 shares of the company’s stock, valued at approximately $442,666.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.81% of the company’s stock.

Several brokerages have weighed in on TGNA. B. Riley reissued a “neutral” rating on shares of Tegna in a research report on Wednesday, November 1st. Zacks Investment Research raised shares of Tegna from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research report on Friday, February 2nd. FBR & Co reissued a “hold” rating and set a $15.00 price target on shares of Tegna in a research report on Wednesday, November 1st. Noble Financial reissued a “buy” rating on shares of Tegna in a research report on Tuesday, November 14th. Finally, ValuEngine raised shares of Tegna from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 1st. Two research analysts have rated the stock with a sell rating, five have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $18.22.

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Tegna Company Profile

Tegna Inc has a portfolio of media and digital businesses that provide content. The Company’s segments include TEGNA Media (Media) and TEGNA Digital (Digital). As of December 31, 2016, its media business included 46 television stations operating in 38 markets and offered television programming and digital content.

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Institutional Ownership by Quarter for Tegna (NYSE:TGNA)

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