Could Gray Television, Inc. See a Reversal After This Very Weak Session?

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The stock of Gray Television, Inc. (NYSE:GTN) is a huge mover today! The stock decreased 6.33% or $1.02 on December 11, hitting $15.16. About 619,928 shares traded hands. Gray Television, Inc. (NYSE:GTN) has risen 8.99% since May 11, 2015 and is uptrending. It has outperformed by 13.40% the S&P500.
The move comes after 8 months negative chart setup for the $1.16 billion company. It was reported on Dec, 12 by We have $14.40 PT which if reached, will make NYSE:GTN worth $58.00M less.

Out of 5 analysts covering Gray Television (NYSE:GTN), 4 rate it “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Gray Television was the topic in 2 analyst reports since November 18, 2015 according to StockzIntelligence Inc.

According to Zacks Investment Research, “Gray Television is a communications company headquartered in Atlanta, Georgia, and currently operates 15 CBS-affiliated television stations, seven NBC-affiliated television stations, seven ABC-affiliated television stations and four daily newspapers.” Get a free copy of the Zacks research report on Gray Television, Inc. (GTN).

The institutional sentiment decreased to 1.05 in 2015 Q3. Its down 0.65, from 1.7 in 2015Q2. The ratio fall, as 29 funds sold all Gray Television, Inc. shares owned while 54 reduced positions. 24 funds bought stakes while 63 increased positions. They now own 64.55 million shares or 17.20% more from 55.08 million shares in 2015Q2.

Whetstone Capital Advisors Llc holds 8.82% of its portfolio in Gray Television, Inc. for 1.84 million shares. Tcs Capital Management Llc owns 481,500 shares or 4.98% of their US portfolio. Moreover, Act Ii Management Lp has 3.32% invested in the company for 415,100 shares. The New York-based Phoenix Investment Adviser Llc has invested 1.96% in the stock. Hatteras Funds Llc, a North Carolina-based fund reported 99,553 shares.

Since July 16, 2015, the stock had 0 buys, and 1 insider sale for $128,405 net activity. Norton Hugh sold 7,500 shares worth $128,405.

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