Versor Investments LP Trims Holdings in Gray Media Inc. $GTN

Versor Investments LP trimmed its holdings in shares of Gray Media Inc. (NYSE:GTN) by 41.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 139,900 shares of the company’s stock after selling 100,200 shares during the quarter. Versor Investments LP’s holdings in Gray Media were worth $634,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Atria Investments Inc grew its position in Gray Media by 19.1% during the second quarter. Atria Investments Inc now owns 86,324 shares of the company’s stock worth $391,000 after buying an additional 13,837 shares in the last quarter. Nisa Investment Advisors LLC grew its position in Gray Media by 215.7% during the second quarter. Nisa Investment Advisors LLC now owns 49,280 shares of the company’s stock worth $223,000 after buying an additional 33,672 shares in the last quarter. MQS Management LLC purchased a new position in Gray Media during the second quarter worth about $87,000. CWM LLC grew its position 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 buying an additional 29,820 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its position in Gray Media by 80.2% during the second quarter. Public Employees Retirement System of Ohio now owns 31,633 shares of the company’s stock worth $143,000 after buying an additional 14,079 shares in the last quarter. 78.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Gray Media

In other news, Director Richard Lee Boger sold 20,000 shares of the business’s stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $5.82, for a total value of $116,400.00. Following the completion of the sale, the director owned 61,343 shares of the company’s stock, valued at approximately $357,016.26. The trade was a 24.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 15.22% of the company’s stock.

Gray Media Trading Up 0.4%

Shares of GTN stock opened at $4.59 on Tuesday. 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 business has a 50-day moving average price of $5.41 and a two-hundred day moving average price of $4.80. Gray Media Inc. has a 12-month low of $2.91 and a 12-month high of $6.30. The firm has a market cap of $468.58 million, a P/E ratio of 3.04 and a beta of 1.17.

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

Gray Media Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date of this dividend was Monday, September 15th. Gray Media’s payout ratio is 21.19%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Guggenheim boosted their target price on Gray Media from $6.00 to $7.00 and gave the stock a “buy” rating in a research report on Thursday, August 14th. Wall Street Zen cut Gray Media from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Benchmark reaffirmed a “buy” rating and set a $9.00 price target (up previously from $7.00) on shares of Gray Media in a research note on Monday, August 11th. Wells Fargo & Company lifted their price target 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. Finally, Barrington Research reaffirmed an “outperform” rating and set a $6.50 price target on shares of Gray Media in a research note on Tuesday, September 23rd. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Gray Media has an average rating of “Hold” and an average price target of $6.88.

About Gray Media

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.