GTN Gray Television Dashboard

Gray Television, Inc. is a television broadcasting company, which engages in owning and operating television stations and digital assets in markets throughout the United States. It operates through the following segments: Broadcasting, and Production Companies. The Broadcasting segment operates television stations located across local markets in the United States. The Production Companies segment includes the production of television and event content. The company was founded in January 1897 and is headquartered in Atlanta, GA.

Company profile

Ticker

GTN, GTN.A

Exchange

NYSE

Website

gray.tv/

CEO

Hilton Howell

Incorporated

Georgia

Location

Georgia

Fiscal year end

Dec 31

Sector

Information > Television Broadcasting

Industry (SIC)

Television Broadcasting Stations

ViacomCBS • Fox • Tribune Media • Liberty Media Corp. • TEGNA • Central European Media Enterprises • Sinclair Broadcast • Nexstar Media • Entravision Communications • Phoenix New Media ...

Former names

GRAY COMMUNICATIONS SYSTEMS INC /GA/

SEC CIK

0000043196

Corporate docs

Articles of Incorporation & Bylaws

IRS number

580285030

GTN stock data

S&P 500

1M 1Y 2Y 5Y

News

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Overview Of Value Stocks In The Communication Services Sector

19 Apr 21

Understanding Value Stocks A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock.

Overview Of Value Stocks In The Communication Services Sector

12 Apr 21

What are Value Stocks?

5 Value Stocks In The Communication Services Sector

5 Apr 21

The Meaning Behind Value Stocks

5 Value Stocks To Watch In The Communication Services Sector

29 Mar 21

Stocks That Hit 52-Week Highs On Friday

12 Mar 21

Press releases

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GRAY SETS DATE FOR FIRST QUARTER EARNINGS RELEASE AND EARNINGS CONFERENCE CALL

13 Apr 21

Atlanta, Georgia, April 13, 2021 (GLOBE NEWSWIRE) -- . . . Gray Television, Inc. (NYSE:GTN) today announced that it will release its earnings results for the quarter ending March 31, 2021 on Thursday, May 6, 2021.

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of an Investigation Concerning Possible Breaches of Fiduciary Duty by Certain Officers and Directors of Gray Television, Inc. (GTN)

8 Apr 21

New York, New York--(Newsfile Corp. - April 8, 2021) - Levi & Korsinsky announces it has commenced an investigation of Gray Television, Inc. (NYSE:GTN) concerning possible breaches of fiduciary duty. To obtain

Gray Television Takes a Stake in One of the Fastest Growing Segments of Sports and Entertainment

10 Mar 21

DALLAS, March 10, 2021 (GLOBE NEWSWIRE) -- Gray Television, Inc. ("Gray") (NYSE:GTN) and Envy Gaming, Inc. ("Envy"), an esports and entertainment company based in Dallas, jointly announced today that Gray is leading a

Gray Television, Inc. to Host Earnings Call

25 Feb 21

GRAY INITIATES QUARTERLY CASH DIVIDEND OF $0.08 PER SHARE

25 Feb 21

Calendar

25 Feb 21

22 Apr 21

31 Dec 21

Financial summary

Financial statements Chart GTN financial data

Quarter (USD)	Dec 20	Sep 20	Jun 20	Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 20	Dec 19	Dec 18	Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Recent insider trades

GTN insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
16 Apr 21	Kevin Paul Latek	Common Stock	Sell	Dispose S	No	No	20.02	27,670	553.95K	214,001
8 Mar 21	Kevin Paul Latek	Common Stock	Sell	Dispose S	No	No	20	11,897	237.94K	241,671
1 Mar 21	Jackson S Iv Cowart	Gray Common Stock - GTN	Payment of exercise	Dispose F	Yes	No	19.05	1,145	21.81K	11,002
1 Mar 21	Jackson S Iv Cowart	Gray Common Stock - GTN	Payment of exercise	Dispose F	No	No	19.05	1,445	27.53K	9,550
1 Mar 21	Jackson S Iv Cowart	Gray Common Stock - GTN	Grant	Aquire A	Yes	No	0	3,150	0	14,343
1 Mar 21	Jackson S Iv Cowart	Gray Common Stock - GTN	Payment of exercise	Dispose F	Yes	No	19.05	954	18.17K	11,193
1 Mar 21	Jackson S Iv Cowart	Gray Common Stock - GTN	Grant	Aquire A	No	No	0	3,976	0	13,766
1 Mar 21	Jackson S Iv Cowart	Gray Common Stock - GTN	Payment of exercise	Dispose F	No	No	19.05	1,205	22.96K	9,790
28 Feb 21	Howell Hilton H JR	Class A Common Stock	Payment of exercise	Dispose F	No	No	17.68	18,363	324.66K	1,246,636
28 Feb 21	Howell Hilton H JR	Class A Common Stock	Payment of exercise	Dispose F	No	No	17.68	66,171	1.17M	1,264,999

Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q4 2020

GTN institutional ownership history Ownership history

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

87.6% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	197	186	+5.9%
Opened positions	37	22	+68.2%
Closed positions	26	22	+18.2%
Increased positions	62	61	+1.6%
Reduced positions	72	66	+9.1%

13F shares	Current	Prev Q	Change
Total value	2.51B	1.05B	+139.9%
Total shares	77.28M	76.12M	+1.5%
Total puts	76.5K	111.9K	-31.6%
Total calls	235.3K	107.1K	+119.7%
Total put/call ratio	0.3	1.0	-68.9%

Largest owners	Shares	Value	Change
Dimensional Fund Advisors	6.78M	$121.33M	-6.4%
BLK Blackrock	6.22M	$111.3M	+3.0%
Retirement Systems of Alabama	6.02M	$107.78M	-15.5%
Vanguard	4.38M	$78.34M	+0.1%
Darsana Capital Partners	4.11M	$73.49M	-2.0%
Clearbridge Advisors	4.04M	$72.34M	-7.3%
UBS UBS Group AG - Registered Shares	3.79M	$67.8M	+63.1%
Channing Capital Management	2.08M	$37.15M	+12.7%
LSV Asset Management	1.98M	$35.43M	+546.8%
FMR	1.87M	$33.45M	-2.0%

Largest transactions	Shares	Bought/sold	Change
ATAC Neuberger Berman	0	-3.03M	EXIT
LSV Asset Management	1.98M	+1.67M	+546.8%
UBS UBS Group AG - Registered Shares	3.79M	+1.47M	+63.1%
TROW T. Rowe Price	39.24K	-1.2M	-96.8%
Norges Bank	1.18M	+1.18M	NEW
Retirement Systems of Alabama	6.02M	-1.1M	-15.5%
PRU Prudential Financial	1.35M	+698.72K	+107.6%
Nuveen Asset Management	1.25M	+685.91K	+121.8%
Millennium Management	947.85K	+642.29K	+210.2%
Dimensional Fund Advisors	6.78M	-461.05K	-6.4%

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

Tribune Media

Management Discussion

Revenue. Total revenue increased approximately $259 million, or 12%, to $2.4 billion for 2020 compared to 2019, primarily as a result of increased political advertising revenue, due to 2020 being the “on-year” of the two-year election cycle and increases in retransmission consent revenue. Political advertising revenue increased approximately $362 million, or 532% to $430 million. Retransmission consent revenue increased by approximately $71 million or 9% to $867 million primarily due to higher retransmission consent rates. Combined, local and national advertising revenue decreased by $158 million or 14% to $969 million and production company revenue decreased by $26 million to $61 million. We attribute these decreases primarily to the effects of the COVID-19 global pandemic which has affected our customers and our sports and event programming. Local and national revenue from the broadcast of the 2020 Super Bowl on our FOX-affiliated stations was approximately $3 million, compared to $5 million that we earned from the broadcast of the 2019 Super Bowl on our CBS-affiliated stations.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. freshman Avg

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From filing 10-K 2020 FY