gray television is a television broadcast company headquartered in atlanta, georgia, that owns and/or operates television stations and leading digital assets in markets throughout the united states. gray owns and operates television stations in 44 television markets broadcasting 139 program streams including 76 affiliates of the big four networks (abc, cbs, nbc and fox). gray's owned and/or operated stations include 26 channels affiliated with the cbs network, 24 channels affiliated with the nbc network, 16 channels affiliated with the abc network and 10 channels affiliated with the fox network. the company owns and operates the number-one ranked television station in 29 of those 44 markets and the number-one or number-two ranked television station operations in 40 of those 44 markets. gray reaches approximately 8.1 percent of total united states television households.
Company profile
Ticker
GTN, GTN.A
Exchange
Website
CEO
Hilton Howell
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Liberty Media Corp. - Ordinary Shares • Paramount Global - Ordinary Shares • Fox Corporation - Ordinary Shares • TEGNA • Sinclair Inc - Ordinary Shares • Sinclair Broadcast • E.W. Scripps Co. - Ordinary Shares • Entravision Communications Corp. - Ordinary Shares • Phoenix New Media • American Cannabis ...
Former names
GRAY COMMUNICATIONS SYSTEMS INC /GA/
SEC CIK
Corporate docs
Subsidiaries
Gray Media Group, Inc. • Gray Television Licensee, LLC • Raycom Sports Network, LLC • Tupelo Media Group, LLC • PowerNation Studios, LLC • Dynamic Captioning, LLC • Atlanta Assembly, LLC • Gray AR, LLC ...
IRS number
580285030
GTN stock data
Latest filings (excl ownership)
DEFA14A
Additional proxy soliciting materials
28 Mar 24
DEF 14A
Definitive proxy
28 Mar 24
8-K
Regulation FD Disclosure
8 Mar 24
8-K
Gray Announces Quarterly Cash Dividend of $0.08 Per Share
26 Feb 24
10-K
2023 FY
Annual report
23 Feb 24
8-K
Gray Finishes 2023 In A Strong Position and Issues Positive Outlook for 2024
23 Feb 24
8-K
Gray Television Announces CFO Jim Ryan’s Upcoming Retirement
20 Feb 24
8-K
Gray Announces Closing and Upsizing of Revolving Credit Facility Refinancing
16 Feb 24
8-K
Gray Announces Proposed Refinancing of Senior Credit Facilities, Updates Guidance
30 Jan 24
8-K
Gray Television Reaches Agreement In Principle
27 Dec 23
Transcripts
GTN
Earnings call transcript
2023 Q4
23 Feb 24
GTN
Earnings call transcript
2023 Q3
8 Nov 23
GTN
Earnings call transcript
2023 Q2
4 Aug 23
GTN
Earnings call transcript
2023 Q1
5 May 23
GTN
Earnings call transcript
2022 Q4
24 Feb 23
GTN
Earnings call transcript
2022 Q3
4 Nov 22
GTN
Earnings call transcript
2022 Q2
5 Aug 22
GTN
Earnings call transcript
2021 Q4
26 Feb 22
GTN
Earnings call transcript
2021 Q3
6 Nov 21
GTN
Earnings call transcript
2021 Q3
4 Nov 21
Latest ownership filings
4
Jeffrey R Gignac
3 Apr 24
3
Jeffrey R Gignac
3 Apr 24
4
HILTON H HOWELL JR
1 Apr 24
4
Robin Robinson Howell
1 Apr 24
4
JACKSON S IV COWART
5 Mar 24
4
D Patrick LaPlatney
1 Mar 24
4
Robin Robinson Howell
1 Mar 24
4
HILTON H HOWELL JR
1 Mar 24
4
JAMES C RYAN
1 Mar 24
4
Sandra Breland McNamara
1 Mar 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 21.00 mm | 21.00 mm | 21.00 mm | 21.00 mm | 21.00 mm | 21.00 mm |
Cash burn (monthly) | 5.00 mm | 10.25 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 33.31 mm | 68.29 mm | n/a | n/a | n/a | n/a |
Cash remaining | -12.31 mm | -47.29 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | -2.5 | -4.6 | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2023
80.7% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 219 |
Opened positions | 29 |
Closed positions | 26 |
Increased positions | 74 |
Reduced positions | 70 |
13F shares | Current |
---|---|
Total value | 496.93 bn |
Total shares | 72.91 mm |
Total puts | 330.90 k |
Total calls | 321.00 k |
Total put/call ratio | 1.0 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 6.49 mm | $44.89 bn |
Vanguard | 4.91 mm | $33.97 bn |
Dimensional Fund Advisors | 4.65 mm | $32.21 bn |
MS Morgan Stanley | 4.31 mm | $29.85 bn |
Retirement Systems of Alabama | 4.13 mm | $28.56 bn |
Darsana Capital Partners | 4.00 mm | $27.68 bn |
Baupost | 3.76 mm | $26.04 bn |
UBS UBS Group AG - Registered Shares | 2.80 mm | $19.37 bn |
Capital Management | 2.43 mm | $16.84 bn |
Charles Schwab Investment Management | 2.06 mm | $14.26 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 Apr 24 | Jeffrey R Gignac | Common Stock | Grant | Acquire A | No | No | 0 | 240,128 | 0.00 | 469,750 |
1 Apr 24 | Jeffrey R Gignac | Common Stock | Grant | Acquire A | No | No | 0 | 229,622 | 0.00 | 229,622 |
28 Mar 24 | Howell Hilton H JR | Class A Common Stock | Buy | Acquire P | No | No | 8.0934 | 10,000 | 80.93 k | 2,982,386 |
28 Mar 24 | Howell Robin Robinson | Class A Common Stock | Buy | Acquire P | Yes | No | 8.0934 | 10,000 | 80.93 k | 2,982,386 |
1 Mar 24 | Jackson S Iv Cowart | Gray Common Stock - GTN | Grant | Acquire A | Yes | No | 0 | 17,498 | 0.00 | 36,026 |
1 Mar 24 | Jackson S Iv Cowart | Gray Common Stock - GTN | Payment of exercise | Dispose F | Yes | No | 5.72 | 4,962 | 28.38 k | 18,528 |
1 Mar 24 | Jackson S Iv Cowart | Gray Common Stock - GTN | Grant | Acquire A | No | No | 0 | 21,026 | 0.00 | 26,617 |
1 Mar 24 | Jackson S Iv Cowart | Gray Common Stock - GTN | Payment of exercise | Dispose F | No | No | 5.72 | 6,264 | 35.83 k | 5,591 |
News
12 Communication Services Stocks Moving In Thursday's Intraday Session
18 Apr 24
11 Communication Services Stocks Moving In Monday's Intraday Session
1 Apr 24
Wall Street's Most Accurate Analysts' Views On 3 Tech And Telecom Stocks With Over 5% Dividend Yields
6 Mar 24
Barrington Research Downgrades Gray Television to Market Perform
27 Feb 24
Mixed Signals At Gray Television: Q4 Sales Outperform Expectations Amid Advertising Shifts
23 Feb 24
Press releases
GRAY SETS DATE FOR FIRST QUARTER EARNINGS RELEASE AND EARNINGS CONFERENCE CALL
9 Apr 24
Gray Announces Paydown of Debt
5 Apr 24
Gray Promotes Peter Zampa to Senior National Correspondent
4 Apr 24
Local News Live and Gray Stations to Stream Continuous Live Eclipse Coverage
3 Apr 24
Gray to Provide Research and Consulting Services to CBS Owned and Operated Television Stations
2 Apr 24