Gray Television, Inc. (GTN) Reaches $11.68 After 3.00% Down Move; Eaton Vance National Municipal Opportunities Trust Has 1.89 Sentiment

April 17, 2018 - By Marie Mckinney

The stock of Gray Television, Inc. (NYSE:GTN) is a huge mover today! The stock decreased 1.06% or $0.12 during the last trading session, reaching $11.68. About 485,881 shares traded. Gray Television, Inc. (NYSE:GTN) has declined 6.79% since April 17, 2017 and is downtrending. It has underperformed by 18.34% the S&P500.The move comes after 7 months negative chart setup for the $1.05 billion company. It was reported on Apr, 17 by Barchart.com. We have $11.33 PT which if reached, will make NYSE:GTN worth $31.35 million less.

Eaton Vance National Municipal Opportunities Trust (EOT) investors sentiment increased to 1.89 in Q4 2017. It’s up 0.13, from 1.76 in 2017Q3. The ratio has increased, as 34 investment managers increased and started new stock positions, while 18 reduced and sold stakes in Eaton Vance National Municipal Opportunities Trust. The investment managers in our database reported: 3.35 million shares, up from 2.63 million shares in 2017Q3. Also, the number of investment managers holding Eaton Vance National Municipal Opportunities Trust in top ten stock positions was flat from 1 to 1 for the same number . Sold All: 6 Reduced: 12 Increased: 16 New Position: 18.

The stock increased 0.20% or $0.0421 during the last trading session, reaching $20.6205. About 20,905 shares traded. Eaton Vance National Municipal Opportunities Trust (EOT) has declined 2.61% since April 17, 2017 and is downtrending. It has underperformed by 14.16% the S&P500.

Robinson Capital Management Llc holds 3.67% of its portfolio in Eaton Vance National Municipal Opportunities Trust for 615,891 shares. Mariner Investment Group Llc owns 47,256 shares or 0.25% of their US portfolio. Moreover, 1607 Capital Partners Llc has 0.13% invested in the company for 187,900 shares. The Illinois-based Rivernorth Capital Management Llc has invested 0.09% in the stock. First Foundation Advisors, a California-based fund reported 65,475 shares.

Investors sentiment increased to 2.71 in 2017 Q4. Its up 1.18, from 1.53 in 2017Q3. It is positive, as 13 investors sold Gray Television, Inc. shares while 32 reduced holdings. 49 funds opened positions while 73 raised stakes. 73.41 million shares or 29.20% more from 56.82 million shares in 2017Q3 were reported. Raymond James & Associates stated it has 0% in Gray Television, Inc. (NYSE:GTN). Price T Rowe Assoc Inc Md owns 0% invested in Gray Television, Inc. (NYSE:GTN) for 1.12M shares. Advisory Network Llc stated it has 0% in Gray Television, Inc. (NYSE:GTN). Cornercap Investment Counsel Inc holds 0.11% in Gray Television, Inc. (NYSE:GTN) or 48,255 shares. The New York-based Indexiq Ltd Limited Liability Company has invested 0.06% in Gray Television, Inc. (NYSE:GTN). Lsv Asset invested 0% in Gray Television, Inc. (NYSE:GTN). Point72 Asset Mgmt L P, a Connecticut-based fund reported 2.04M shares. Swiss Bankshares accumulated 138,800 shares. Deutsche Bancorp Ag accumulated 204,751 shares. 77,200 are held by Skylands Capital Lc. Legal And General Grp Incorporated Pcl accumulated 16,307 shares or 0% of the stock. Clarivest Asset Mngmt Lc has 266,499 shares. Massachusetts-based Wellington Group Llp has invested 0% in Gray Television, Inc. (NYSE:GTN). Meeder Asset Mngmt Incorporated accumulated 2,031 shares. 58,513 were accumulated by Sterling Management Ltd Limited Liability Company.

Analysts await Gray Television, Inc. (NYSE:GTN) to report earnings on May, 8 before the open. They expect $0.16 earnings per share, 0.00% or $0.00 from last year’s $0.16 per share. GTN’s profit will be $14.32M for 18.25 P/E if the $0.16 EPS becomes a reality. After $0.40 actual earnings per share reported by Gray Television, Inc. for the previous quarter, Wall Street now forecasts -60.00% negative EPS growth.

Gray Television, Inc., a television broadcast company, owns and operates television stations and digital assets in the United States. The company has market cap of $1.05 billion. As of February 21, 2017, it owned and operated television stations in 54 television markets broadcasting approximately 200 program streams comprising 37 channels affiliated with the CBS Network, 29 channels affiliated with the NBC Network, 20 channels affiliated with the ABC Network, and 15 channels affiliated with the FOX Network. It has a 3.29 P/E ratio. The firm also broadcasts secondary digital channels affiliated to ABC, CBS, and FOX, as well as channels affiliated with various other networks and program services, including CW Plus Network, MY Network, the MeTV Network, This TV Network, Antenna TV, Telemundo, Cozi, Heroes and Icons, and MOVIES! Network; and local news/weather channels in various markets.

Among 8 analysts covering Gray Television (NYSE:GTN), 8 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Gray Television has $22 highest and $1600 lowest target. $20.14’s average target is 72.43% above currents $11.68 stock price. Gray Television had 15 analyst reports since November 18, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets on Tuesday, November 7 with “Buy”. RBC Capital Markets maintained Gray Television, Inc. (NYSE:GTN) rating on Tuesday, July 18. RBC Capital Markets has “Buy” rating and $1600 target. RBC Capital Markets maintained it with “Buy” rating and $17.0 target in Tuesday, September 26 report. The firm earned “Buy” rating on Monday, January 22 by Guggenheim. The firm has “Overweight” rating given on Wednesday, November 18 by Stephens. RBC Capital Markets maintained the stock with “Buy” rating in Tuesday, August 8 report. The firm has “Buy” rating by Singular Research given on Monday, December 7. Benchmark initiated it with “Buy” rating and $16 target in Thursday, December 15 report. The rating was maintained by Guggenheim on Wednesday, February 28 with “Buy”. RBC Capital Markets maintained the stock with “Buy” rating in Wednesday, June 14 report.

Since March 15, 2018, it had 1 insider buy, and 0 insider sales for $95,282 activity. ROBINSON HARRIETT J bought $95,282 worth of stock.

Gray Television, Inc. (NYSE:GTN) Institutional Positions Chart

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