Tegna Inc News and Headlines -
The stock of Tegna (NYSE:TGNA, 30-year Financials) shows every sign of being modestly overvalued, according to GuruFocus Value calculation. GuruFocus Value is GuruFocus' estimate of the fair value at which the stock should be traded. It is calculated based on the historical multiples that the stock has traded at, the past business growth and analyst estimates of future business performance. If the price of a stock is significantly above the GF Value Line, it is overvalued and its future return is likely to be poor. On the other hand, if it is significantly below the GF Value Line,
Tegna Inc. (TGNA) came into the limelight earlier this month after receiving its first acquisition bid from Gray Television Inc. (GTN), which was followed by a series of bids from other media companies and investment funds owning media assets.
Given the strong consolidation in the TV stations industry in the U.S., the upcoming presidential election toward the end of 2020 and the huge discount on the stock owing to the coronavirus, it will be very interesting to see how Tegna’s bidding war shapes up.
What does Tegna do?
Tegna is a Virginia-based media company that operates television stations and radio
In order to find value opportunities, investors may want to look at stocks whose earnings returns have beaten the returns of 20-year high-quality market corporate bonds.
These bonds offer their holders a 3.35% monthly spot rate. Also, as these securities represent corporate loans issued by triple-A, double-A and single-A-rated companies, they entail a very low investment risk for both bondholders and shareholders.
Thus, investors may want to look at the following stocks, since their earnings returns have recently outperformed the spot rate of 20-year high-quality market corporate bonds by more than 50%.
Shares of Tegna Inc (TGNA) traded at
Bill Smead, value investor and founder of Smead Capital Management, established two positions and disposed to two positions in the first quarter, his [url=http://www.gurufocus.com/StockBuy.php?GuruName=Smead+Value+Fund]Smead Value Fund[/url] ([url=http://www.gurufocus.com/StockBuy.php?GuruName=Smead+Value+Fund]Trades[/url], [url=http://www.gurufocus.com/holdings.php?GuruName=Smead+Value+Fund]Portfolio[/url]) reported last week.
Managers of the [url=http://www.gurufocus.com/StockBuy.php?GuruName=Smead+Value+Fund]Smead Value Fund[/url] ([url=http://www.gurufocus.com/StockBuy.php?GuruName=Smead+Value+Fund]Trades[/url], [url=http://www.gurufocus.com/holdings.php?GuruName=Smead+Value+Fund]Portfolio[/url]) look for strong, high-quality companies with a value lens, considering themselves partial owners of the businesses in which they own stock. The concentrated, Seattle-based mutual fund held only 26 stocks in its portfolio at the end of the first quarter, with an aggregate value of $1.12 billion.
During the first quarter, Smead selected Cummins Inc. (CMI) and Booking Holding Inc. (BKNG)
Local network broadcast TV provider TEGNA, Inc. (NYSE:TGNA) also weighed on quarterly performance, trading down -18.66% as fourth quarter and fiscal 2017 results missed top line expectations due to the absence of cyclical political revenue contributions as well as the digital businesses cars.com and CareerBuilder. TEGNA is now a pure-play TV station operator and largest owner of top four affiliates in the top 25 markets. We believe the company is well positioned for subscription revenue growth as cable, satellite, telecom operators and virtual multichannel providers pay for the right to carry TGNA’s programming. We think network TV remains the
Equities started 2018 with a bang, and then the momentum was interrupted as rising concerns over inflationary pressures in the U.S., higher interest rates, and fears of a global trade war triggered increased volatility. As a result, the large-cap S&P 500 Index ended the quarter down -0.76%, the small-cap Russell 2000 Index traded -0.08% lower and the global MSCI EAFE Index declined -1.53%. For the quarter, the Ariel Fund advanced +0.80%, significantly outperforming the Russell 2500 Value Index and Russell 2500 Index, which declined -2.65% and -0.24%, respectively.
The positive results for Ariel Fund were largely driven by strong stock
Since Ariel’s founding in 1983, much has changed in the investment world, but our clear mission has consistently defined who we are and what we do. We began as a small- and mid-cap value manager and evolved strategically to offer three approaches—Value, Deep Value and Global—all of which adhere to our patient investment philosophy and strive to uncover mispriced companies whose true value will be realized over time.
Renewed expectations of corporate tax cuts pushed U.S. markets to record levels in November. Financial stocks outperformed all other sectors as banks are likely to be the biggest beneficiary of the proposed
According to the GuruFocus All-in-One Screener, several gurus are focusing on stocks whose Peter Lynch fair values are far above their current prices. The following stocks are trading with wide margins of safety and have positive performances over the past 12 months.
Tegna Inc. (TGNA) is trading around $13.63 per share. The Peter Lynch value gives the stock a fair price of $19.78, which suggests it is undervalued with a margin of safety of 31%. The stock started its positive upward trend three months ago; it now registers a positive performance of 12.7%.
As famed market strategist Richard Bernstein has pointed out, investors should pattern common stock selection after the investment style of the Mafia. What causes the Mafia to get such good returns? How do they spot opportunities? Why should we as investors in publicly traded common stocks emulate their behavior near the end of 2017?
First, the Mafia invests in areas where no one else is willing to invest. Usually, in their case, it is because the business is illegal. Second, the Mafia demands very favorable terms and seeks high cash-on-cash returns. Many times, they are the only ones willing to
A few years ago, there was a TV commercial for the Toyota Camry featuring singer Kelly Clarkson and ESPN’s legendary sportscaster Chris Berman. It pointed out all the positive attributes of the new car with Clarkson’s hit, “Stronger,” playing in the background. As we look out into the second half of 2017, it is important to understand we believe the U.S. stock market has tried to “kill” investor enthusiasm. We would argue this enhances the position of the value-oriented and long duration equity manager in a way that does not kill us but makes us "stronger."
What is killing investor
Tegna Inc. (NYSE:TGNA), a digital media and broadcasting company, reported an EPS of 33 cents in the first quarter, beating the consensus by 1 cent. Revenue, though, was off the mark as Tegna missed consensus by $22.4 million, a year-over-year decline of 0.4%.
The stock is down 10% since the earnings release, creating a buying opportunity as fundamentals look strong and earnings are decent. The market reacted to the declining top-line growth ignoring the fact that the stock is worth $27 even after assuming a lower growth factor. Earnings are still in the money, which is the primary metric
Tegna Inc. (TGNA) is a services company that belongs to the digital media and broadcasting industry. The company is involved in the provision of content through its portfolio of television broadcasters in the U.S. Tegna also has digital assets, including Cars.com and Career Builder. Business segments of the company include Tegna Media, an independent group of major network affiliates, and Tegna Digital, combining Cars.com and CareerBuilder. Tegna was incorporated in 1906 and is based in McLean, Virginia.
The company generated $1.63 billion, or 58% of its revenue, from the media segment. Core local advertising
Scott Black (Trades, Portfolio) is the chairman, president, chief investment officer and chief compliance officer at Delphi Management Inc. During the fourth quarter he sold shares in the following stocks:
The investor exited his position in Time Warner Inc. (TWX) with an impact of -1.52% on the portfolio.
It is a media and entertainment company. It operates its business in four segments which includes Turner, Home Box Office, Warner Bros and Time Inc.
GuruFocus gives the stock a profitability and growth rating of 9 out of 10. The return on equity (ROE) of 16.36% and return
Here are eight stocks gurus are buying that are trading with low price-earnings (P/E) ratios. Most of them are greatly undervalued, according to the DCF calculator.
Assured Guaranty Ltd. (AGO) with a market cap of $5.09 billion is trading with a P/E ratio of 4.9 and a price-sales (P/S) ratio of 2.75. According to the DCF calculator the stock has a fair value of $86.36 while trading at about $39 with a margin of safety of 55%. The price has risen 61% during the last 12 months and is now 1.14% below its 52-week high and 79.26% above
Carl Icahn (Trades, Portfolio) decided to cut ties with 1,658,488 shares of Tegna Inc. (TGNA) during the first quarter at an average price of $24.74. Since the fourth quarter of 2015, Icahn has soldÂ 4,255,774 shares of Tegna from his portfolio.
Tegna was originally founded in 1906 as Gannett Co. The company changed its name to Tegna after it was incorporated in 1923. TegnaÂ is an international media and marketing solutions company with diverse local content providers in the U.S. Tenga media has 46 television stations and
Carl Icahn (Trades, Portfolio) is an activist investor. He takes minority stakes in public companies and typically pushes for change. The following were his most heavily weighted trades during the fourth quarter.
Icahn increased his stake inÂ American International Group Inc.Â (AIG) by 3003.16%, and the deal had an impact of 8.6% on the portfolio.
AIG is engaged in insurance and insurance-related activities in the U.S. and abroad. In 2015, the company returned almost $12 billion of capital to shareholders in the form of share repurchases and dividends, and in the fourth quarter they repurchased another
The following are companies with high and growing dividend yields that gurus are buying according to GuruFocus'Â All-in-One Screener.
Anheuser-Busch Inbev SAÂ (BUD) has a trailing dividend yield of 3.39% with a three-year growth rate of 43% and a five-year growth rate of 74.90%. The stock is now trading with a trailing 12-month P/E multiple of 22.10 and an estimated forward P/E multiple of 20.62. During the last 12 months, the stock price didn’t face any change.
The company has a profitability and growth rating of 7/10 with high returns such as ROA of 11.66% and ROE of
According to GuruFocus' All-in-One Screener, the following are the stocks that are trading below the Peter Lynch value, and which more than five hedge fund gurus have in their portfolios.
Goodyear Tire & Rubber Co. (GT) is trading at about $29 per share, and the Peter Lynch value gives the stock a fair price of $125.6, giving the stock a margin of safety of 77%.
The stock is trading with a PE ratio of 2.76, higher than 98% of companies in the Global Rubber & Plastics industry and is currently 21.56% below its 52-week high and 16.64% above
Here are the stocks in his portfolio that are trading below the Peter Lynch Value.
Altisource Portfolio Solutions SA. (ASPS) is trading at about $24 per share, and the Peter Lynch value gives the stock a fair price of $103.5, giving the stock a margin of safety of 76%.
The stock is trading with a PE ratio of 5.80, higher than 95% of companies in the Global Business
One of John Rogers (Trades, Portfolio)’ responsibilities at Ariel Investment, which he founded in 1983, is the management of Ariel Fund, and he has been successful at it. In the difficult investing environment of 2014, Ariel Fund enjoyed returns of almost 11%. The Fund’s returns were even better in 2013 (nearly 45%) and 2012 (exceeding 20%).
Consequently, his personal trading activity is worth a long look, and Rogers’ new purchases and additions to existing stakes in the third quarter deserve attention.
Rogers’ top transaction in the third quarter was his addition of 2,646,670 shares to his existing